The message relies on planting the seed that may evolve into a purchase decision rather than other methods that might rely more on direct selling. The direct selling role, however, is more for individual hotels and conference centers -- the role of the Convention and Visitor's Bureau is more loosely promotional.
Another disadvantage of a media relations program is that the CVB does not directly target the decision-makers. Part of the issue is that the decision-makers are hard to reach. Not only may they be in other countries, but there could be multiple decision-makers within any given firm. Without knowing who the decision makers are, it may be difficult to fully understand the key decision drivers. There is no good way to evaluate the success of the media relations program, because the program is so far removed from the actual purchase decision. Any marketing program, of any type, should be designed so that it can be evaluated. With a media relations program, it will be almost impossible to quantify the impact that the program has. This is complicated by the long time lag in planning such events -- some can be planned for over a year. A different method of promotion may have better feedback mechanisms.
The other options are to attend trade shows and to organize familiarization trips. Attending trade shows can be advantageous because the CVB can focus on certain industries, in this case the finance and insurance industries. These industries, however, do not have trade shows with the same frequency as manufacturing and consumer products industries do. In addition, the cost of attending these shows is high, as the CVB would need to fly members to staff these shows.
There are similar problems with familiarization trips. While these trips do allow decision-makers to see the city for itself, many such decision makers are already familiar with Zurich because of its status as one of Europe's financial capitals. In addition, there is a high cost associated with flying representatives of dozens of companies to the city and putting them up in hotels, running tours and all of the other elements of familiarization trips. The high cost and lack of necessity make this option relatively unattractive.
Conclusions
The Convention and Visitor's Bureau of Zurich has determined that it wants to increase the city's MICE business. Zurich is established as a financial hub but cost and occupancy issues have hindered its MICE business. The city has decided that the high costs make it a differentiated player. Its primary target market consists of financial industry firms because that is the city's main industry and because those firms can afford to host their meetings in Zurich. The marketing campaign is going...
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