This report explores the decision-making process in the hospitality industry, including mapping a path for marketers. It also compares B2B and B2C decision-making, examines market research approaches, and discusses the impact of marketers on the decision-making process.
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Hospitality consumer behaviour and insight
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK 1............................................................................................................................................4 P1, P2 covered in PPT................................................................................................................4 TASK 2............................................................................................................................................4 P3 Elaborate the step of customer decision-making process and map a path for respective industry.......................................................................................................................................4 P4 Evaluate importance of map a path for marketers for taking effective decision-making......5 TASK 3...........................................................................................................................................6 P5 Conduct comparison in between the hospitality decision-making in context of B2B and B2C business in hospitality industry..........................................................................................6 P6 Examine various approaches of market research and methods to acknowledge decision- making process...........................................................................................................................7 TASK 4...........................................................................................................................................8 P7 Examine the way marketers affect the various stages of hospitality decision-making process........................................................................................................................................8 CONCLUSION................................................................................................................................9 REFERENCES..................................................................................................................................
INTRODUCTION The hospitality industry is one of multibillion dollar industry that rely on the availability of the leisure time, disposable income and attributes to provide satisfaction to the consumer base. Majorly there are four segments of hospitality industry that are food and beverages, Travel and tourism, lodging and recreation. Respective report is based on the Contiki tours which is the coach tour company caters to 18 to 35 years old people. It operates in almost the whole world majorly operates tours in Europe, Australia and North America many more. Their tours have a reputation for including partying for their clients. Respective report is based on stages of consumer decision-making and map a path to purchase a specified services from hospitality service with their importance. Further it includes comparison in between the hospitality decision making process in both B2B and B2C businesses. It also includes the various approaches for market research and methods to understand the decision-making process. At last it includes the way by which marketers can influence the various stages of hospitality decision-making process. TASK 1 P1, P2 covered in PPT. TASK 2 P3 Elaborate the step of customer decision-making process and map a path for respective industry. Consumer decision-making process consist of the identification of the needs, collection of information, evaluation of alternatives and taken effective buying decisions (Anggraeniand Wijaya,2019). In context of Contiki tours by using respective phrases of decision-making they can be able to reach at large no. of consumer base positively that are as follows: Need Recognition: In respective stage of consumer decision-making consist of the evaluate the needs and wants of specified market in order to serve in best way (Boateng, Kosiba and Okoe, 2019.). In context of Contiki tours they caters to serve 18 to 35 years old people so they evaluate their needs Adventures, Romantic and honeymoon tour packages, sightseeing, partying and many more. In context of Contiki tours they add partying in their tour packages as youngsters always want to enjoy and party.
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Information search: For an organisation it is very much essential to collect necessary knowledge and information about consumer choice and preferences in order to serve them in best manner (Jackson,2019.). In context of Contiki tours by using research and development they properly analyse the choices of their target market and accordingly serve them. By using commercial , personal, public and experiential sources they collect adequate information. Evaluation of alternatives: In that step of consumer decision-making involves the evaluation of various alternatives available in marketplace along with product life cycle. In context of Contiki tours their evaluation based on the quality, price or many other factors that are very much significant for them. They provide relatively extra benefits at lower price range in order to influence decisions of them in their side. Purchase decisions: After passing all stages, finally consumer taking appropriate kind of purchase decision. In that stage consumer evaluated by influencing from various factor involved marketing campaigns or emotional connections or personal experience or combination of them (Jang, Chen and Miao, 2019.). In context of Contiki tours they always target potential consumers that already avail their services in order to build loyalty in them. Post purchase behaviour: In post purchase behaviour of consumer consist of the analysis of whether the service was worth ful for consumers or not. So in respective stage Contiki tours takes reviews from their consumers to evaluate they matched the expectations of their consumers or not. P4 Evaluate importance of map a path for marketers for taking effective decision-making. Customer journey map is a visual representation of every experience that consumers possesswiththespecifiedorganisation.Respectivetoolhelpstoelaboratethestoryof consumer's experience with organisational brand from original engagement and efforts to turn into long term relationship (Why is customer journey mapping so important ?, 2019). In context of Contiki tours by using mapping of consumer experience path organisation can be able to build loyalty within consumer and their significance for consumers are as follows: Quicker sales cycles:
The significance of customer journey mapping in context of marketers that it improved sales cycle which is foremost objective of organisation to remain competitive in marketplace. The key aspect of respective tool is to ensure about consumer experience across all channels, in which organisation optimise each channel and department for better consumer engagement (Kabadayi and et.al ., 2019.). In context of Contiki tours by using different touch points or by receiving consistent information to deliver seamless experience and potential interactions. Increase Return of investment better targeting and more personalised messaging: Consumer journey maps helps to organisation to better understand the consumers context and intent by optimise each and every channel rely on real, quality data and information. In context of Contiki tours by targeting the specific consumer interaction and deliver personalised message by using respective tool to provide real value to ultimate consumer base that advocate organisation and their profitability positively. Soitcanbesaidthatconsumerjourneymappingtoolisprovedbeneficialfor organisation to deliver one of best value and optimisation in order to remain competitive in marketplace. TASK 3 P5 Conduct comparison in between the hospitality decision-making in context of B2B and B2C business in hospitality industry. B2B and B2C are two different kinds of business models and major difference lies in their target audience and decision-making process simultaneously bring difference in their marketing strategies (Ketron and Naletelich,2019.). In hospitality industry there are huge difference in consumer decision-making process in context of B2B and B2C that are as follows: Basis of differenceB2BB2C Decision-making processMakingdecisioninB2B businessislongstanding process that takes long time to convince executives. It can be analysed by using the fact that they have much more money attheirstake.Incontextof InB2CBusinessconsumers make the decisions ultimately to purchase the products and services that are usually very fastregardingpurchasingof products and services or not. Consumersinrespective
ContikitoursTheyprovide services to ultimate consumers by consolidating with various mediators in path as MakeMy Trip(Contikitoursropesin MakeMy Trip to target hyper- connectedmillennials,2019) toprovidevariousservices under one roof. commercemaytakeadvice fromtheirfriends,read reviewsortake recommendationstilltakes shorttimeincomparisonto B2B commerce in hospitality industry. PricingIn B2B pricing arrangements incontextofhospitality industry, prices not be revealed out until the user not logged in. In respective arrangements the paymentsdifferasper businessneeds,future corporationandpastbuying history. In context of Contiki tours they list out their clients detailsandaccordinglytreat themsothattheirlevelof experienceshouldbe enhanced. InB2Ccommercein hospitality industry consumers paypriceequally.Forloyal consumersorganisation provides coupons or discounts vouchers.Howeverthereare price difference that based on relationship with the buyer to seller. P6 Examine various approaches of market research and methods to acknowledge decision- making process. Market research is more about the capturing, analysing and interpreting and reporting on data and information for a market so that specified organisation can gain successful decision- making pertaining to consumers, services, competitors and many more (Mariani,Borghiand Gretzel,2019.). In context of B2B and B2C commerce there are huge difference in their
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research approach and method for taking effective kind of decision making for development and growth of organisation. All B2C market research studies consisted mixed kind of methodologies, wherein the B2B is not always same in case. In B2B the various integrated factors consist in chosen of methodandapproachesofmarketresearchthatareneedtocollectadequatedataand information, requirement to test or validate results and needed statistical confidence (Nilssen, Bick and Abratt, 2019). In B2B market research in which participants are business professionals and come from management level so it is more practical and cost effective way to solve their concern by using telephone, email survey and personal interviews. On other hand B2C mostly users of focus groups as they face logistical difficultly to getting participants at same time or place together. Approaches or methods of market research in B2B commerce: The major ways or tools utilized by B2B commerce in order to accumulate necessary knowledge and information is government records, various publications that are easily available in marketplace in most cost effective manner in order to gain consumers insights and knowledge properly. In context of Contiki tours by using both government records and taking interview or asking questionnaire from consumers they able to collect necessary information from them. Approaches of market research in B2C commerce: In context of B2C commerce the major used tool to collect knowledge and information by using observation, interview and questionnaire in order to collect validate knowledge and information in proper manner. In context of Contiki tours by using questionnaire they collect experience of their potential consumers. TASK 4 P7 Examine the way marketers affect the various stages of hospitality decision-making process. To examine the decision-making process of consumers that are not always linear as consumers rarely enter to acknowledge about products and services from the very beginning. Instead of that consumers passes through the whole chain of activities and enter at the funnel from the top, middle and bottom of process (Otto, Szymanskiand Varadarajan,2019.). In context of Contiki tours and their marketers put different efforts for every stage of consumer decision-making process in positive manner that are as follows:
In first phrase of need recognition prospects or consumers just acknowledge about their problems so it is very essential to must post content or information at every place where they can reach at maximum level. By developing best web, write one of informative and attractive blog about organisational services foremost duty of marketers to attract the audience. In second phrase of consumer decision-making process that is information search, the accountability of marketers to make organisation or brand most visible in online search. In context of Contiki tours by developing the most attractive and informative blog posts, infographics, videos, guides and checklists and interactive content to collect potential information about consumers. In third phrase which is option evaluation, in which consumers already have knowledge about services actually they want and marketers to serve them (Pourfakhimi,Duncan and Coetzee, 2019.). In that regards Contiki tours and their marketers arrange the middle of funnel marketing by optimising their website so that consumers can gain desirable objectives. In phrase of purchase decision the work and activities of marketers by optimising the website to target buyer keywords such as buy, order, download, deals , demo, coupons and many more so that they easily can take most effective kind of buying decisions In concluding stage of consumer decision-making process but it is not actually a concluding stage but a stage of developing relationship with consumers for long duration. In that regards the obligation of marketers to create information related to industry and place where the consumers explore in future (Ristovaand Dimitrov,2019.). In context of Contiki tours by sending email newsletters and retargeting ads to showcase new content to past customer base. CONCLUSION From the above report it has been summarised that consumers possess supreme power as all decisions regarding buying of specified products or services resides in their hands. It is the responsibility of marketers to influencedecision-making of consumers by using various tools such as promotions, discounts, quality and many more aspects. To reach at large no. of consumer base it is very essential for marketers to map a path by which every come across to purchase products and services in proper manner. There are huge difference in way of B2B and B2C
commerce in context of consumer decision-making process so it is obligatory to acknowledge it it proper manner to serve in best manner to ultimate consumers in an organisation.
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REFERENCES Books and journals: Anggraeni, A. and Wijaya, F.E., 2019. Ready, Set, Go!: The Study of Consumer Behavior of OnlineHotelBooking inJakarta. InDynamicPerspectiveson Globalizationand Sustainable Business in Asia(pp. 212-224). IGI Global. Boateng, H., Kosiba, J.P.B. and Okoe, A.F., 2019. Determinants of consumers’ participation in the sharing economy: A social exchange perspective within an emerging economy context.InternationalJournalofContemporaryHospitalityManagement.31(2). pp.718-733. Jackson,M.,2019.Utilizingattributiontheorytodevelopnewinsightsintotourism experiences.Journal of Hospitality and Tourism Management.38.pp.176-183. Jang, Y., Chen, C.C. and Miao, L., 2019. Last-minute hotel-booking behavior: The impact of time on decision-making.Journal of Hospitality and Tourism Management.38.pp.49- 57. Kabadayi, S. and et.al ., 2019. Smart service experience in hospitality and tourism services: A conceptualization and future research agenda.Journal of Service Management. Ketron, S. and Naletelich, K., 2019. Victim or beggar? Anthropomorphic messengers and the savior effect in consumer sustainability behavior.Journal of Business Research.96. pp.73-84. Mariani, M.M., Borghi, M. and Gretzel, U., 2019. Online reviews: differences by submission device.Tourism Management.70.pp.295-298. Nilssen, R., Bick, G. and Abratt, R., 2019. Comparing the relative importance of sustainability as a consumer purchase criterion of food and clothing in the retail sector.Journal of Brand Management.26(1). pp.71-83. Otto, A.S., Szymanski, D.M. and Varadarajan, R., 2019. Customer satisfactionand firm performance: insights from over a quarter century of empirical research.Journal of the Academy of Marketing Science, pp.1-22. Pourfakhimi, S., Duncan, T. and Coetzee, W., 2019. A critique of the progress of eTourism technology acceptance research: time for a hike?.Journal of Hospitality and Tourism Technology. Ristova,C.andDimitrov,N.,2019.Thevalueofsocialmediaasdigitaltoolin hospitality.International Journal of Information, Business and Management.11(3). pp.155-162. Ruiz-Equihua, D., Romero, J. and Casaló, L.V., 2019. Better the devil you know? The moderating role of brand familiarity and indulgence vs. restraint cultural dimension on eWOMinfluencein thehospitalityindustry.Journal of HospitalityMarketing& Management, pp.1-19. Sanjeev, G.M. and Birdie, A.K., 2019. The tourism and hospitality industry in India: emerging issues for the next decade.Worldwide Hospitality and Tourism Themes. Semaan, R.W. And et.al ., 2019. The influence of gender roles in the drivers of luxury consumption for women: Insights from the gulf region.Journal of Retailing and Consumer Services.51.pp.165-175. Wei, W., 2019. Research progress on virtual reality (VR) and augmented reality (AR) in tourism and hospitality: A critical review of publications from 2000 to 2018.Journal of Hospitality and Tourism Technology.
Online: Contiki tours ropes in MakeMy Trip to target hyper-connected millennials, 2019. [Online]. Availablethrough.<https://www.adgully.com/Contikitours-ropes-in-makemytrip-to- target-hyper-connected-millennials-85210.html>. Whyiscustomerjourneymappingsoimportant?,2019.[Online].Availablethrough. <https://www.sas.com/en_gb/insights/articles/marketing/why-is-customer-journey- mapping-important.html#/>. Why is customer journey mapping so important? Why is customer journey mapping so