IMPACT OF TOP RANK HOTELS PROFITABILITY THROUGH ADVERTISING IN NTA ENUGU

  • Type: Project
  • Department: Mass Communication
  • Project ID: MAS1529
  • Access Fee: ₦5,000 ($14)
  • Pages: 59 Pages
  • Format: Microsoft Word
  • Views: 489
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
The study have the following objectives:
1. To access the gain the hotel stands to obtain from aggressive advertising. 
2. To find out how the hotel budget for advertisement 
3. To find out how NTA Enugu charge for advertising.

INTRODUCTION
The impact of advertising for businesses and brands in the 21st century has become imperatively permanent and therefore cannot be overemphasized.

Advertising, it is generally believed, dates back as old as man himself, and thus has been present in his economic and socio-political life before recorded civilization began.

Sapso (1975, p. 9) opined; “there is little doubt among trade men and merchants to make good their waves, has had on existence almost as long as the customs of buying and selling, and it is but natural to suppose that advertisement in some shape or form have existed not only from time immemorial, but almost for all time”.

Anyone living and working in any modern day society today is directly or indirectly under the influence of advertising, as businesses (domestic and trans-national) have tapped and ceaselessly benefited from the visibly roboust economic rewards that accrue, steady, sensible, communicative, persuasive and convincing advertising whether through the media (electronic and print) or through marketing drives from personal relations, the fundamental imitative has always been, getting goods, products and services through to the largest and smallest demography of consumers at optimum costs with maximum profitable benefits.

Unique products and service delivery alone this days as enterpreneually standard and convincing to customers as they might seem, has been proven not enough for the ever evolving “consumer service provider” traffic especially in advanced and developing countries like Nigeria, where radio and television viewership and listernership has astronomically enlarged respectively.

The hospitality industry, hotels to be precise, need not lag behind the blazing and beneficial trends of advertising.

The (Hotels) have employed intensive ways to get their product and services known to not only their steadfast local customers, but also to visitors and whomever is in need of such as the need arises. These string of advertising drives are geared towards appetizing the perchant of the consumers and are systematically funded by the company, depending on the strengthen of its financial muscle. Most often determined by the annual budget allocation to advertisement.

In Enugu, the Coal City, the hotel industry is undoubled by one of the most influencial non-civil service business employing over an average of 20 workers in the state with a population of less than 4 million people. Hotelling is a good and tangible employer of labour, fuelling up to a staggering 10% of the state economy, according to trade invest Nigeria (2011). These figures point to the importance of this hospitality industry in the state, so getting across to the 4 million people through advertisement in the electronic media should have a chain or feedback effect on the financial figures of any good hotel in an ideal location, with an array of modern facilities and a good management.

Top Rank Hotels, a three block hotel, located at No 1 Hill View Independence Layout at the popular Enugu State Broadcasting Services (ESBS) Junction is a well finished edifice that stands conspicuously apart when it comes to Independence Layout. As a three star hotel, employing more than 50 staff, managers inclusive, it boasts of state of the art decor, contemporary style bedrooms, complimentary wireless high speed internet access. Fitness room, constant power supply, swimming pools with 216 well appointed and furnished rooms and suites, suitable of all tastes and budgets.

Conventionally a hotel generates profits from lodging budgets, hosting events in Halls like conferences, social gatherings food and beverage services and incurses expenses from maintenance work cost of running enquires for electricity due to the epileptic power supply.

The Nigeria television Authority, National network connecting Nigerians and popularly held as the larges television network in Africa, located a stone throw from the hotel is an added advantage, as advertising on the station will generally enhance the spread needed for greater patronage not only locally but across Nigeria. A business Oasis for any seven-eastern investment.

IMPACT OF TOP RANK HOTELS PROFITABILITY THROUGH ADVERTISING IN NTA ENUGU
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Mass Communication
  • Project ID: MAS1529
  • Access Fee: ₦5,000 ($14)
  • Pages: 59 Pages
  • Format: Microsoft Word
  • Views: 489
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Mass Communication
    Project ID MAS1529
    Fee ₦5,000 ($14)
    No of Pages 59 Pages
    Format Microsoft Word

    Related Works

    Abstract The impact of advertising for businesses and brands in the 21st century has become imperatively permanent and therefore cannot be overemphasized. Advertising, it is generally believed, dates back as old as man himself, and thus has been present in his economic and socio-political life before recorded civilization began. Sapso (1975, p. 9)... Continue Reading
    Abstract The impact of advertising for businesses and brands in the 21st century has become imperatively permanent and therefore cannot be overemphasized. Advertising, it is generally believed, dates back as old as man himself, and thus has been present in his economic and socio-political life before recorded civilization began. Sapso (1975, p. 9)... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 Background to the Study Previous to the era of industrial revolution, the pattern and method of salesmanship was both crude and cumbersome chiefly because the gap between the productive and consumption sectors of society was small and manageable. However, with the present complication and sophistication among both the... Continue Reading
    ABSTRACT This research work is a survey on the effectiveness of Advertising in the maximization of organizational profit with survey of some selected hotels businesses in Enugu Urban. Among the objectives of this study is to find out whether the advertisement on hotel services and products actually lead to profit increase. This problem is... Continue Reading
    ABSTRACT This research work is a survey on the effectiveness of Advertising in the maximization of organizational profit with survey of some selected hotels businesses in Enugu Urban. Among the objectives of this study is to find out whether the advertisement on hotel services and products actually lead to profit increase. This problem is... Continue Reading
    ABSTRACT This research work is a survey on the effectiveness of Advertising in the maximization  of organizational profit with survey of some selected hotels businesses in Enugu Urban. Among the objectives of this study is to find out whether the advertisement on hotel services and  products actually lead to  profit increase.  This problem is... Continue Reading
    ABSTRACT The role of a manage in a small business organization is so vital that for any small business organization to stand firmly, the three major role of a manager such as inter-personal, information and co-ordinating roles must be integrated to ensure the betterment of the organization. It acts as a habitant for the wheels of a small business... Continue Reading
    THE ROLE OF MANAGERS IN MANAGEMENT OF SMALL SCALE BUSINESS ORGANIZATIONS. (A CASE STUDY OF TOP RANK HOTELS INDEPENDENCE LAYOUT ENUGU). ABSTRACT The role of a manage in a small business organization is so vital that for any small business organization to stand firmly, the three major role of a manager such as inter-personal, information and... Continue Reading
    ABSTRACT The role of a manage in a small business organization is so vital that for any small business organization  to stand firmly, the three major role of a manager such as inter-personal, information and co-ordinating roles must be integrated to ensure the betterment of the organization. It acts as a habitant for the wheels of a small... Continue Reading
    1.0 INTROCUTION The practice of accounting came into existence many years ago though, there was no acceptable definite record as to when accounting developed. It should be noted that with the advent of colonial rule in Africa, the European system of accounting was introduced in most of the African countries such as Nigeria. Then, different kinds... Continue Reading
    Call Us
    whatsappWhatsApp Us