This presentation consists of assessment of factors influencing consumer behaviour in hospitality sector.
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HOSPITALITY CONSUMER BEHAVIOURS AND INSIGHT
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TABLE OF CONTENT •Introduction •Factors which affect behavior of consumers •Impact of digital technology on changing consumer trends •References
Consumer behaviour refers to study of consumers, business organisations their way of selecting as well as using the products and services. This study is highly related with psychology, behaviour and instigations. This presentation consists of assessment of factors influencing consumer behaviour in hospitality sector. INTRODUCTION
Consumer behaviour refers to study of consumers, business organisations their way of selecting as well as using the products and services. This study is highly related with psychology, behaviour and instigations. FACTORS WHICH AFFECT BEHAVIOR OF CONSUMERS
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There are various factors in the environment that are responsible for influencing the behaviour of consumer. They are discussed as under: - •Cultural factors-It includes all the factors like social class, sub-culture and culture. These all plays an important role in affecting and determining the purchasing behaviour of individuals. •Social factors- In this environment the population possesses social class. Income and other factors such as business and education of individual elaborates this factor in group of customers. CONTINUE…..
•Personal factors-It is one of the most important factor which impacts consumer behaviour. •Psychologicalfactors-Itconsists ofmotivation,individualperception,learning& experience, attitudes, beliefs, etc. Motivation activates the internal requirements of consumer. CONTINUE…..
Challenges in delivering quality service to satisfy consumer expectations •Understanding expectations of customers-It is the most difficult task and requires complete understanding of changing consumer expectations. Henceforth, Marriott Hotels International Ltd adopts the strategy of communicating with customers regularly. •Exceeding expectations of customer-Meeting the expectations of customer is not enough in this modern era as they are influenced by competitors. CONTINUE…..
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Consumer behaviour is highly influenced and motivated by change in trends of society. Digital technology increases the expectations of customers and make them more selective in the industry. The impact of this technology on Marriott Hotels International Ltd can be clearly understood as under: - •Changeincustomerbehaviour-Customerswhopreferstobookservicesonline frequently visits online portals to access information and buy service. Increasing use of digital marketing by businesses has increased the content posted online. Lot of subject matter on product discourages customer's attention. IMPACT OF DIGITAL TECHNOLOGY ON CHANGING CONSUMER TRENDS
•Rise in customer's expectation- Digital technology has increased the functioning of business activities on online platforms as it is quickest and cheaper. •Increase in accessibility of information-Businesses make use of this technology to assist customer in collecting the information about the products . CONTINUE…..
Emerging consumer trends and their effect on hospitality industry: - •Tech explosion-Consumers today have become self sufficient and tech-savvy and are comfortable in utilising apps and websites on mobile. •Increased importance of health and wellness-In this technology friendly environment, customers became health conscious and therefore, they exert high emphasis on the services which assures their well-being and controls health issues. CONTINUE…..
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•Howison, S., Finger, G. and Hauschka, C., 2015. Insights into the Web presence, online marketing, and the use of social media by tourism operators in Dunedin, New Zealand. Anatolia.26(2). pp.269-283. •Jauhari,V.ed.,2017.HospitalityMarketingandConsumerBehavior:Creating Memorable Experiences. CRC Press. •Lub, X. D. and et. al., 2016. The future of hotels: The Lifestyle Hub. A design-thinking approach for developing future hospitality concepts.Journal of Vacation Marketing. 22(3) pp.249-264. REFERENCES