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STRATEGIC MARKETING PLAN Patricia Arenas Fai Charoonsri Shirley Ho DuyguHostan Katharina Ruland Yu Tippayasanti MKT 343 Summer 2010
AGENDA Shirley Trish and Katharina Fai Duygu Yuii Trish Katharina Shirley
STRATEGIC MARKETING PLAN
MISSION & BACKGROUND Royal Caribbean Mission Statement We always provide service with a friendly greeting and a smile.  We anticipate the needs of our customers.  We make all efforts to exceed our customers' expectations.  We take ownership of any problem that is brought to our attention.  We engage in conduct that enhances our corporate reputation and employee morale.  We are committed to act in the highest ethical manner and respect the rights and dignity of others.  We are loyal to Royal Caribbean and Celebrity and strive for continuous improvement in everything we do. (Royal Caribbean, 2010)
MISSION & BACKGROUND Vision and Values Our vision is to empower and enable our Employees To deliver the best vacation experience for our Guest, thereby generating superior returns for our Shareholders and enhancing the well-being of our Communities.
PROPOSED PROJECT CHINESE COASTAL CRUISELINE Dalian Tianjin Qingdao Shanghai Fuzhou Shenzhen Xiamen Zhanjiang Sanya
Situational Analysis
China’s Tourism industry ,[object Object]
53 million visitors in 2008
Accelerated infrastructure development
Government support and foreign investment$5.4B in tourism $205 billion 13% growth Net Worth (end of 2010)
China’s tourism industry
Global Cruise industry
Firm analysis Strengths	 ,[object Object]
High global brand awareness
Innovative ship design
Strong relationship with distribution channel
Desirable berthing places
Expanding fleet capacityWeaknesses ,[object Object]
Increased liability
Lack of revenue and fleet expansion lower ROI,[object Object]
Increasing passenger capacity
Renovation of existing ships
Government support
Infrastructure developmentThreats ,[object Object]
Economic situation negatively impacts consumer’s discretionary income
Increasing fuel prices
Travel restrictions for Chinese residents
Price competition against local direct competitors,[object Object]
River cruises
Highly competitive 			environment
High capital requirement
Infrastructure 	development = more 	competition	Indirect Competitors ,[object Object]
Ferries
Airlines,[object Object]
Current product offering Asia ,[object Object]

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Royal Caribbean Inc.

Editor's Notes

  1. Chinese locals prefer to go on holiday within their own countryHigh urban income- RMB 13,786/ per headCoastal populations have high disposable incomeDomestic tourists who do not meet the RMB capital requirement (RMB 300,000 or approximately US$44,000) are restricted from traveling outside the country