Factors Influencing Consumer Behaviour in Hospitality Industry
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Added on  2023/01/13
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This report discusses the various factors that influence consumer behaviour and attitude in the hospitality industry, with a focus on Travelodge. It also analyzes the emerging trends in consumer behaviour and attitude.
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Consumer Behaviour
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 Factor that influence consumer behaviour and attitude in hospitality industry...........................3 Change in customer behaviour and attitude due to digitalization................................................3 Analysis emerging trends in consumer behaviour and attitude...................................................4 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................1
INTRODUCTION Consumer behaviour is study and analysation of individual behaviour that helps to understand customer preferences while purchasing, using products and services to their satisfy needs and wants. Customers trends are continuously changing in hospitality industry due to innovation in technology and digitalisation. Customers demand more facilities at affordable rates thus this report discuss various factors that influence consumer behaviour while booking hotels such as Travelodge. Travelodge is a private company that operates in hospitality industry having 570 hotels across UK. LO1 Factor that influence consumer behaviour and attitude in hospitality industry Thereare variousfactorssuch associal,culture,psychologicaland personalthat influence consumer behaviour and attitude in hospitality industry.Thus, various factor that impact on consumer decision-making while booking Travelodge hotels are as follows: Culture and social Factors:It is one of the important external factor that impact on consumer decision-making as different people have different culture and tradition. Culture are formed by heritage and common experience of people living in society (Tasci, 2017). Travelodge by identifying culture and social values of people have provided various services and facilities, food in its menu as per expectancy of customers. Customer also take review from other people living in society while choosing a particular hotel so Travelodge by providing world-class facilities and qualitative services t customer is able to gain 5 star and enhance its brand value. Personal Factor:Personal taste and preference of individual also affect consumer decision- making while choosing hotel. Such as people who prefer quality services and luxurious life will prefer hotel such as Travelodge to effectively utilized their time and money. Physiological Factors:Needs and perception of customers motivate it while buying product and services of company (Belarmino and Whalen, 2019). If customer want to utilize its leisure time and money and have enough money effectively then it will motivate to book hotel such as Travelodge that offer qualitative services to its customers. Change in customer behaviour and attitude due to digitalization Due to advancement in technology and digitalisation consumer trends have change tremendously as they have become more demanding and require large number of services at reasonable cost. Various changes in consumer trends while choosing hotels are as follows:
Wi-Fi user pay models Dwindling:Now customer demand free Wi-Fi facilities so that they can easily connect with their relatives. Travelodge also offer free Wi-Fi networks across its hotel to boost customers satisfaction (Morosan and DeFranco, 2019). High density network that can be connectedwithmobilephonesattractbothprofessionalgroupsandleisuretravellerfor conference or other function. VTCconferencecapabilities:Professiongroupnowdemandconferenceroomthatcan incorporate element of Voice over internet protocol, Audio or visual and Video teleconferencing. Thus, forcing hotelsto ensure conferenceroom facilitieswith well-equipped technology. Travelodge by providing well-equipped infrastructure to incorporate element is able to attract professional group for organizing conference. AutomatedCheck-InsandNotification:Customersareexpectingthathotelprovides personalized experienced to them and various facilities such as check in when they arrive at lodging destination. Travelodge by offering its various services and promoting its products through social sites is able to attract large number of customers.Notification is to be given to customer through use of updated technology (Ko, 2018). Company also take review of customer services and try to make changes as per demands of customers thus able to provide immerse experience to customers. Near field communication:NFC by activating two smart devices such as POS machine and credit cards helps in transfer of maximum data of 424 kbit/ sec. Transaction is secure and instant so this two feature are attracting customer to demand such facilities in Hotel for transfer of information. Thus, Travelodge uses NFC facilities to market its product in order to attrct target customers. Analysis emerging trends in consumer behaviour and attitude From the above analysis it can be stated that Travelodge by re-branding and adapting to new technology and using advance equipment in infrastructure is able to gain competitive advantages in the market (Wei, and Tasci, 2017). It by providing various services such as personalised experience, free Wi-Fi networking and auto mated check and notification is able to attractlargenumberofcustomers.Nearfieldalsohelpsineffectiveadvertisementfor Travelodge feature and services that it render to customers.
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CONCLUSION From the above report it can be concluded that consumer decision is affected by various factors such as social, culture and personal. Travelodge is able to gain competitive advantages in market by identify and fulfilling all such factor that influence customer behaviour. It can also be explained that Travelodge by adapting to new technology is able to attract large customer and expand its business.
REFERENCES Books and Journals Belarmino, A. and Whalen, E. A., 2019. Examining the impact of political candidates on hotel revenue.Journal of Hospitality and Tourism Insights. Ko, C. H., 2018. Exploring Big Data Applied in the Hotel Guest Experience.Open Access Library Journal.5(10). pp.1-17. Litvin, S. W., Goldsmith, R. E. and Pan, B., 2018. A retrospective view of electronic word-of- mouth in hospitality and tourism management.International Journal of Contemporary Hospitality Management. Morosan, C. and DeFranco, A., 2019. Mapping the impact of hotel promotional factors on consumers’ actual use of interactive systems in hotels.Journal of Hospitality and Tourism Technology. Tasci,A.D.,2017.Consumerdemandforsustainabilitybenchmarksintourismand hospitality.TourismReview. Verma,M.andVerma,K.,2017.SocialMediaaPromotionalTool:Hotel Industry.Journal of Advances In Humanities.5(1). pp.221-223. Wei, W. and Tasci, A. D., 2017. Antecedents and consequences of experiential versus utilitarian consumptioninthetravelcontext.InternationalJournalofCulture,Tourismand Hospitality Research. 1