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ENTREPRENEURSHIP CASE




         VIVA LAS VEGAS
Introduction
• Being Las Vegas one important destination in the travel
  industry, in 2003 more than 35.5 million travelers made
  Las Vegas their choice of destination and in 2000 was
  the largest volume of visitors lagging more than 35.8
  million travelers.

• LVCVA stands for: Las Vegas Convention and Visitors
  Authority.
• Main Objective:
• To maximize the occupancy for the city hoteliers who
  suffer from cyclical demand in travel industry
What bases does the
LVCVA use for segmenting
   its target market?
Bases for Segmentation (LVCVA)

 DEMOGRAPHIC
 SEGMENTATION
                    GEOGRAPHIC
                   SEGMENTATION


   USAGE-RATE
 SEGMENTATION
                   PSYCHOGRAPHIC
                   SEGMENTATION
DEMOGRAPHIC SEGMENTATION
• Notice Portland, Oregon, and Atlanta as emerging
  regional markets based on their median
  household incomes, their available flights to
  LV, the cost of advertising in those markets, and
  the propensity of their citizens to gamble, and
  even location (African Americans, Hispanics. And
  Asian Americans)

• Elderly couples, businesswomen, and young
  professional males.
GEOGRAPHIC SEGMENTATION
It Is all major ethnic groups in an area – such as
city, country, or census tract.

· Target customers: African Americans, Hispanics
and Asian Americans
USAGE-RATE SEGMENTATION
• Noticed African American, Hispanics and
  Asians visiting increasing, went to Canada
  when they noticed drop in visitors.
PSYCHOGRAPHIC SEGMENTATION
• gambler with the growth of visitors and trends in
  foreign visitors, there is increase level of expertise
  (esp. in gambling) and changes the lifestyle of the
  visitors. Relationship building with organizations
  (International Association of Hispanic Meeting
  Planners and the National Coalition of Black
  Meeting Planners & Toronto’s Canadian Meeting
  & Incentive Travel Symposium & Trade).
  Hispanics’ historical preference for family or
  group activities for vacations.
Does the LVCVA use an
 undifferentiated ,a
   concentrated,or
multisegment targeting
   strategy? Why?
Answer

  Multisegment
targeting strategy
Because…
• They uses different types of promotional style
• Targeting cities like Portland, Oregon and
  Atlanta that already have gambling through:
o Van featuring an Elvis impersonator
o Traditional Vegas showgirl
o Promote special travel deals for entertainment
  option.
• Promote to ethnic chambers of commerce
  and organization such as International
  Association of Hispanic Meeting Planner and
  National Coalition of Black Meeting Planner.
• More support = more investment = more
  profit gain.
Should the LVCVA be
  concerned with
  cannibalization?
What is cannibalization?
• Cannibalization is the decrease demand for an
  existing product that occurs when its vendor
  or company produce a new product that
  consume more than the old existing product.
No
• They should not be concern with it because it
  will not consume more than the existing
  product.
What do you think
makes the LVCVA so
   successful?
Why Successful?
• They pay more attention on details to their
  target customers or who they market to by
  researches.
• It uses multisegment targeting strategy which
  have more than one well-defined market
  segments and develops a distinct marketing
  mix for each.
• It uses multilevel promotion strategy to reach
  many types of visitors.
Steps taken by LVCVA
• Advertise Las Vegas using series of TV
  commercials which is “Vegas Stories” which
  involves different types of people include
  older Asian, African American women, elderly
  couples, businesswomen, and young
  professional males.
• Produce commercial recorded entirely in
  Spanish for family or group activities for
  vacation in Las Vegas.
• Promoting Las Vegas to ethnic chambers of
  commerce and organizations.
• Promote special travel deals to promote the
  entertainment options that Las Vegas offers in
  addition to gambling.
THANK YOU !!!
FROM : LINA
       SALIH
       HAZIQ

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Viva las vegas

  • 1. ENTREPRENEURSHIP CASE VIVA LAS VEGAS
  • 2. Introduction • Being Las Vegas one important destination in the travel industry, in 2003 more than 35.5 million travelers made Las Vegas their choice of destination and in 2000 was the largest volume of visitors lagging more than 35.8 million travelers. • LVCVA stands for: Las Vegas Convention and Visitors Authority. • Main Objective: • To maximize the occupancy for the city hoteliers who suffer from cyclical demand in travel industry
  • 3. What bases does the LVCVA use for segmenting its target market?
  • 4. Bases for Segmentation (LVCVA) DEMOGRAPHIC SEGMENTATION GEOGRAPHIC SEGMENTATION USAGE-RATE SEGMENTATION PSYCHOGRAPHIC SEGMENTATION
  • 5. DEMOGRAPHIC SEGMENTATION • Notice Portland, Oregon, and Atlanta as emerging regional markets based on their median household incomes, their available flights to LV, the cost of advertising in those markets, and the propensity of their citizens to gamble, and even location (African Americans, Hispanics. And Asian Americans) • Elderly couples, businesswomen, and young professional males.
  • 6. GEOGRAPHIC SEGMENTATION It Is all major ethnic groups in an area – such as city, country, or census tract. · Target customers: African Americans, Hispanics and Asian Americans
  • 7. USAGE-RATE SEGMENTATION • Noticed African American, Hispanics and Asians visiting increasing, went to Canada when they noticed drop in visitors.
  • 8. PSYCHOGRAPHIC SEGMENTATION • gambler with the growth of visitors and trends in foreign visitors, there is increase level of expertise (esp. in gambling) and changes the lifestyle of the visitors. Relationship building with organizations (International Association of Hispanic Meeting Planners and the National Coalition of Black Meeting Planners & Toronto’s Canadian Meeting & Incentive Travel Symposium & Trade). Hispanics’ historical preference for family or group activities for vacations.
  • 9. Does the LVCVA use an undifferentiated ,a concentrated,or multisegment targeting strategy? Why?
  • 11. Because… • They uses different types of promotional style • Targeting cities like Portland, Oregon and Atlanta that already have gambling through: o Van featuring an Elvis impersonator o Traditional Vegas showgirl o Promote special travel deals for entertainment option.
  • 12. • Promote to ethnic chambers of commerce and organization such as International Association of Hispanic Meeting Planner and National Coalition of Black Meeting Planner. • More support = more investment = more profit gain.
  • 13. Should the LVCVA be concerned with cannibalization?
  • 14. What is cannibalization? • Cannibalization is the decrease demand for an existing product that occurs when its vendor or company produce a new product that consume more than the old existing product.
  • 15. No • They should not be concern with it because it will not consume more than the existing product.
  • 16. What do you think makes the LVCVA so successful?
  • 17. Why Successful? • They pay more attention on details to their target customers or who they market to by researches. • It uses multisegment targeting strategy which have more than one well-defined market segments and develops a distinct marketing mix for each. • It uses multilevel promotion strategy to reach many types of visitors.
  • 18. Steps taken by LVCVA • Advertise Las Vegas using series of TV commercials which is “Vegas Stories” which involves different types of people include older Asian, African American women, elderly couples, businesswomen, and young professional males. • Produce commercial recorded entirely in Spanish for family or group activities for vacation in Las Vegas.
  • 19. • Promoting Las Vegas to ethnic chambers of commerce and organizations. • Promote special travel deals to promote the entertainment options that Las Vegas offers in addition to gambling.
  • 20. THANK YOU !!! FROM : LINA SALIH HAZIQ