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Naina
Priti
Ranjana
sonu
GROUP :-7
NAINA
PRITI
RANJANA
KOCHI PARK
It was located at a height of 77 meters above sea level
and 18km from Kochi city
The park had Kerala architecture with tiled roofs and
natural laterite stone
For elderly there was musical fountain and theatres
The games and rides was periodically improved and new
items were added to maintain novelty.
The park was open on weekdays from 10:30-6pm
and on weekends from 10:30am-7pm.
Locker facility and changing rooms were provided.
BANGALORE PARK
Set up in September 2005 at the distance of 28km from
Bangalore city.
It was spread over 83 acres.
Target market initially identified was young people
working in the information technology industry as it was
thought that they would be interested in thrill rides.
The general public thought that the park was only for it
personnel with high income and it kept them away.
The park was open on weekdays from 11.00 a.m. to 6.00
p.m. and on weekend from 11.00 a.m. to 7.00 p.m.
PERFORMANCE
Kochi park was developed at initial investment of 220
million.
It achieved operating break-even at the level of first year
Bangalore park required investment of 900 million.
Wonder la earned revenue of INR 910 million for the
financial year ended March 2011 and expected this
number to increase by 15 to 20% in the year ending
March, 2012.
Company attained 30% yearly growth and enjoyed 50%
profitability.
OFFERS
VISITORS
70% of Kochi visitors came from within the state of
Kerala about 25% from Tamil Nadu and 5% from other
state
There ever more school booking for Kochi park that the
Bangalore park
The demand from families was also seasonal with large
number of visitors during festivals and other holidays
In Bangalore half of the visitors were from city itself and
half from Karnataka state and 5% from Tamil Nadu
Children were influencer and motivator to visit the park
followed by mother
COMPETING TO ENTERTAIN
In Kerala popular parks included two parks in
Chalakudy, two in Cannanore, one in Malampuzha and one in
Trivandrum.
In Bangalore there were two or three parks when Wonder la was set
up.
Two large regional companies in the industry were International
Amusement Limited (IAL) and Nicco parks and Resorts
limited(NPRL)
IAL had set up two more parks, Rohini Amusement park and Noida
entertainment city.
Also there were no restriction on foreign companies, such as universal
studios, Time Warner and Disney to set up amusement parks in India.
But they did not perceive Disney to be threat. Because they said that it
reflected a foreign culture and might not preferred by many
consumers.
ISSUES 1/2
Location was everything in amusement park business, and the
price of real state was rising.
Wonder la was planning expansion of its business by starting
parks in Hyderabad and Chennai.
After gaining strong foothold in South India, they would open
parks in North India.
The investment in land in Hyderabad was expected to be about
INR 400 to 500 million and additional investment of INR two
billion was required.
Wonder la was planning to enter into hospitality sector by adding
resort and convention centre in all amusement parks.
The three star resort with 84 rooms would target business and
leisure tourists.
ISSUES 2/2
Competition was high and average occupancy rate was approx
60%.
The immediate challenge was Wonder la was to develop a
marketing approach to create demand for the three star hotel in
Bangalore.
Articulating the desired brand image and designing the service
to build the brand were important decision that needed to be
made immediately.
RECOMMENDATIONS 1/2
Wonder la could do following to develop marketing
approach for three star hotels: Can have tie up with premium restaurants where they
would give referrals and provide pamphlets of the hotel.
Tie up with MNCs where employees come to Bangalore
for business meetings and other office works.
RECOMMENDATIONS 2/2
Targeted E-mail marketing: This marketing strategies
can be used to boost communication with previous
customers and encourage staying at hotels.
Web advertising: Wonder la can advertise about Holiday
packages at travel and tourism websites and on social
media sites.
THANK YOU