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Repositioning of Seoul Combination of Young & Old attracting European Seoul City Marketing Sssssssssss Yyyyyyyyy Jjjjjjjjjjj yyyyyyyyi

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  • 1. Repositioning of SeoulCombination of Young & Old attracting EuropeanSssssssssss Yyyyyyyyy Jjjjjjjjjjj yyyyyyyyi Seoul City Marketing

2. Combination of Young & Old attracting European Seoul City Marketing 3. Contents Introduction - Seoul city marketing - Main issues & problems STP - Segmentation - Targeting - Positioning SWOT Suggestion - Step 1 - Step 2 Additional contents 4. Introduction 5. Introduction 6. IntroductionWhat is City Marketing? toCreating Delivering CommunicatingThe Value of the CityTourists Business people (Potential) ImmigrantsThe competition is aboutAdding value & Selling it withDifferentiated & Unique identity. 7. Strategic City Marketing Definition: Making a Positioning with Competitive Advantage and Differentiation Objective: Increase of Awareness & Satisfaction related to the city (brand) Product: Core Product: Image & attraction Tourism, Culture, Service, SOC and Infrastructure, etc.Vision Analysis of Situation AnalysisGoal & Strategy Marketing PlanningExecution 8. In case of Seoul...In Case of Seoul 9. STP 10. Current targetAsianTop4years 1.8 million increaseReport by AC Nielson3Want to visit10thRanking of City competitiveness 11. Segmentation 5ContinentEurope Asia AmericaAfrica Oceania6 group ofAge3 Purpose2 Sex0~20 21~30 Tourism 31~40 41~50 51~60 Over 60BusinessResidents 12. Targeting201154.6%Europe Half of foreign tourist all over the world51%2015proportion of tourist from Western Europe is 41.6% and 37.2% of the total tourist. If we add Eastern, European tourists are 54.6% and 51% of the total tourist. 13. PopulationIn CIA The world Factbook, Europe major countries population ranking is 16th Germany(81mil), 21st France(65mil), 22nd UK(63mil), 23rd Italy(61mil). Their population is 1.5 times bigger than Korea.High IncomeAt the data of International Monetary Fund, Europe have relatively high income levels. top 10 there was 5 Europe countries (Luxembourg, Norway, Denmark, Sweden, Switzerland, Austria, and Finland) top 11 to 20 there was 6 countries (Netherlands, Belgium, Germany, France, and UK) Adding Italy was 23rd Spain was 26th Korea GDP ranking is 34th.Low Working HourCompare to their income working hours of European was low. At OECD Korea working hour was 1st 2193 hours, Japan 14th 1733 hours. Compare to this UK was 23rd which is 1647 hours, Germany 28th(1419 hours), Netherlands 1377hours. We can carefully argue that European have more leisure time.Big Purchasing PowerAt a glance, we can see Asian countries are back and Europe countries are relatively in the front 14. Tourist Receipts by Country (forecast) Korea inboundRatio European Tourist Spend More Money compare to Asian tourists France(2.08), Germany(2.19), UK(2.47)Similar or higher Japan(2.07) more than 2~3times bigger than China(1.05), Philippines(0.82)Arrivals by Country of origin (forecast) Korea inboundComparative Price Level by OECD 150 100 50 0 15. But2012 European visitors are only 6.5% of total arrivals in Korea.2010 visitor arrivals from Europe is 4.22% 2015 forecast European visitors are 3.99% 16. Tourism85.6% of Germany 88.7% of British 88.2% of France tourist Travel for the leisure purpose 2015 forecast data of GMID64.6% of European tourist visit Korea by the purpose of tourism 17. Before PositioningCurrent Situation List of Cities in Asia 1. China : Beijing, Sanghai, Chungqing 2. Japan : Tokyo, Osaka, Kyoto 3. Tailland : Bang kok, Chiang mai 4. Singapore 5. Mongolia : Ulan Baator 6. Hong Kong 7. Myanmar : Yang Gon, Mandalay 8. Laos : Vientiance, Luang Prabang 9. Viet nam : Ha noi, Ho chi min 10. Indonesia : Jakarta 11. India : Dehli 12. Pakistan : IslamabaadExcluded Asia top 3 tourist city Hong Kong, Kyoto, and Bang kok 18. 1 2 3 4 5First was the selection of capitals which represents the country Second selected concentrate tourism resources cities which means the travel attractions are gather in one city Third Market value is similar to Korea Fourth we selected cities which have similar national brand power Fifth we chose close city to KoreaMain competitorBeijing TokyoSeoul have majority of infrastructure and Visitors. Compare to other competing cities we decided to conclude that there is no domestic competitors. 19. New positioning strategy will be discussed at the suggestion part 20. SWOT Suggestion 21. Seoul SWOT AnalysisStrengthsWeaknesses Combination of Tradition & Modernity Lack of distinctive image & symbol Lack of distinctive landmark Communication difficultyA lot of traditional heritages within the city Shopping districtNot fully utilizing Han river as the major as the tourist attractionNatural Surroundings Well established infrastructure ( subway & bus system) Relatively low price levelNot fully utilizing historical places as the major tourist attractions Opportunities Advancement in IT technology development in digital contents.Threats thatWell established infrastructure for tourists Korean wave in Europefacilitatesthe Increase in competition between other capital city of Northeast Asia Economic recession in Europe 22. Step1 W-T: PositioningGoal: Combination of Young & Old : Dynamic city (City that never sleeps)Create Landmark that reflects the position -Old: Palace -Young: Night lifeStep2 S-O: Increase awareness and attract European travelers -Cross city marketing -Day of tourism 23. Positioning-Create Landmark-TraditionRoyal palace as one of the best tourist attractions for foreign visitors =>To give image of the tradition, set royal palace as the major land mark of Seoul => Geong bok gung( palace blessed by heaven) can be good example : Designated as UNESCO heritage : scientific architecture, colorful design 24. Dynamic city-City that never sleepsDongdaemoon market Shopping townN-Seoul Tower Seoul Norangjin fish marketHan RiverBanpodaegyo-Moonlight Rainbow Fountain 25. Increase Awareness : Cross city marketingCross city marketing with representative European city TokyoLondonWashingtonSeoulCity brand value668.8399.4196.4126.9GDP/City brand value78.793.569..061City brand value/Seouls city brand value527.1314.7157.3100.0Increase from previous year(%)16.69.55.8London, Paris is good example with high city brand valueThe number of tourists from Europe will increase in the future 26. Increase AwarenessCross city marketingAdvertise Seoul in billboards of main street at London & ParisAdvertise Seoul at major bus station or sub way stationProvide airline discount to Europeans who visit Seoul 27. Day of tourismCombination with a festivallocations who normally can not be visited can beprices of attractions are lower 28. AdvantagesStanding out as city (especially in Asia) Increase in media coverage Event that can be center of campaigns and conferences 29. Disadvantages Easy to copy High costs Collaboration of related industries to the tourism industry is needed Possible disruption of the citizens daily life Government has to give back up (some sightseeing locations are country owned) 30. Q A &