This assignment explores consumer behaviour in the hospitality sector, including the stages of consumer decision making, the importance of understanding consumer behaviour for marketers, differences between B2C and B2B decision making, and methods of market research. The case study focuses on Grosvenor House Hotel in London.
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Hospitality Consumer Behaviour and Insight
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Table of Contents INTRODUCTION...........................................................................................................................4 TASK 1............................................................................................................................................4 COVERED IN PPT................................................................................................................4 TASK 2............................................................................................................................................4 P3. Stages of the consumer decision making journey and map a path to purchase given hospitality service...................................................................................................................4 P4. Importance of consumer behaviour for marketers to understand consumer decision making in context with hospitality sector...............................................................................6 TASK 3............................................................................................................................................6 P5. Compare key differences of hospitality decision-making process in reference with B2C and B2B by using particular hospitality examples.................................................................6 P6. Different approaches to market research and methods of research for analysing decision making process.......................................................................................................................7 TASK 4............................................................................................................................................8 P7. How marketers can influence various stages of decision making by identifying appropriate examples in context with hospitality sector............................................................................8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
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payment an enjoy those services in a better way. According to respective hotel they pay in advance for better services in hotel. Receive stage:In this stage consumers enjoys their package facility within the Grosvenor House Hotel. Along with they stay happy and able to gain more facilities like public transport, other accommodations so that it increase productivity of firm and satisfaction of customers. Postpurchasestage:Accordingtothisstage,consumersevaluatestheiroverall experience by receiving services from representative hotel and filled feedback from in hotel. With the help of this respective business entity can make changes accordingly and gives better satisfaction level to customers (Hartmann, Apaolaza and DâSouza, 2018). Levels of consumer decision making in hospitality industry Thereare several levels of hospitality sector for consumer decision making process, given below: Extensive problem solving:As per this consumers involves in so many activities towards business entity. In reference with Grosvenor House Hotel, they examine huge cost services to reach end decision. Limited problem solving:In this marketer offer huge information to consumers so that they can easily find out better solutions within the hospitality organization. Routine problem solving:As per this consumers have good information towards quality of goods and their cost as well to know appropriate tour packages. Four views concerned with consumer decision making: Economic view model :This is the model which is related to the cost incurred during the buying process. So organisation have to aware about there production process which help them to maintain the cost effectively. Passive view:In this aspect it refers to the promotional activities which help organisation to improve their profits. For the organisation like Grosvenor House Hotel, managers have to use best possible advertisement method to gain advancement(Han and Won, 2018). Emotional view:Grosvenor House Hotel, management have evaluate the emotional state of end user as it plays a vital role in understanding the buying pattern of the consumers. Cognitive view:Hence it is important to have information regarding the trends which help them to gain competitive advancement in the similar industry. 6
P4. Importance of consumer behaviour for marketers to understand consumer decision making in context with hospitality sector. In the present aspect of the organisation, there are various organisation present in a similar industry. This help consumer to have different option for choosing the product and services in a well define manner. As the consumer have become more dynamic as well as brand specific which made difficult for the companies to satisfy the consumer from their rivals. In the case of Grosvenor House Hotel, the manager of the organisation have to ensure about the market and as well as changing demand of the customers. Here some reasons which are explained below: Influence of heuristic in decision making:It refers to psychological techniques which allow consumers to make decision effectively. Further it plays an vital role in buying behaviour of the consumers(McKercher,2018). So the manager of theGrosvenor House Hotel have proper research in understanding the buying behaviour of the customers. Influence of marketing mix:There are system which help in understanding the buying behaviour of the consumers. Therefore organisation likeGrosvenor House Hotel manger must use proper techniques of marketing mix such as promotingwhich help to attract more customer's. Here are some models which help in attaining gaol effectively. TASK 3 P5. Compare key differences of hospitality decision-making process in reference with B2C and B2B by using particular hospitality examples. In the hospitality sector there are different decision making process for the B2B as well as B2C marketing. So the Grosvenor House Hotel must ensure about both the marketing strategies in business to business and to customers. For example the consumer ofGrosvenor House Hotel will choose their services from the website whereas in the case of B2B organisation will maintain the relation with the suppliers and dealers in order to manage and control the demand of the market(Mansour and Ariffin, 2017). In doing business with directly with the customers organisation have to focus on quality as well as after sales services to meet the satisfaction level of the customers. Whereas in the case of B2B the organisation have to focus on other companies relation which help them grab larger market share. Both of the organisation have to maintain the relationship with the customers as well as business to maintain the quality 7
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and market which help in development and growth of the organisation. The managers of the company have to maintain the standard and have effective knowledge about the environment which help in expansion and growth in a well defined manner. Hence both B2B as well as B2C are the important ascpect which organisation have to maintain effectively. P6. Different approaches to market research and methods of research for analysing decision making process. In order to survive within the current marketplace for long period of time research is much essential part of an organisation by which they can easily determine their demands and trends to satisfying customer's desires(Paulose and Bujisic, 2017). According toGrosvenor House Hotel, they always used good research so that they can exist in hospitality sector by using 2 forms such as B2B and B2C, those are given below in detail: Marketing research approach in B2B According to B2B, respective firm use secondary sources of data which is already available within the market and it is generally used through the researcher in a short period of time(Nimri, Patiar and Kensbock, 2017). This data or source takes less cost and time for example: Public records: As per this respective firm can easily make good decision within the hospitality sector by observing overall past records towards marketplace. It helps them to fulfil their goals. Marketing research approach in B2C In this, marketer always used secondary data collection method which is acquired by first hand. Along with it is also helpful to reduce errors from work and make better project. For example: Personal interviews:By having face to face interview respective firm can get better employment in its business and able to gain huge profit or decision for the betterment of future. Therefore, it helps firm to sustain long period of time in hospitality sector(Namkung and Jang, 2017). So that these approaches or methods of research are much helpful for an organisation to analyse overall decisions towards hospitality sector. On the basis of this firm can give better support to consumers and make good relationship with them. 8
TASK 4 P7. How marketers can influence various stages of decision making by identifying appropriate examples in context with hospitality sector. For consumers learning is the best process to buy something and experience better services within the hospitality industry. With the help of better experience they can make their future better and able to give better feedbacks to different organisations. In regards with Grosvenor House Hotel, marketers plays crucial roles who makes appropriate decisions by having accurate knowledge of customers and other organisations as well(Pijls, and et. al., 2017). Therefore, marketer of this firm can easily influence several stages of decision making process in hospitality sector. There are some approaches by which marketer can easily identifying their decision making process, those are mentioned below: Behavioural approach:On the basis of this approach respective firm can learn that how consumers are behave within the organisation(Hara, 2017). It is the process of learning effective behaviour of customers for the better development in the organisation. Behaviour is always based upon minds thinking of people and how their brain works. Therefore, it is essential for firm to know about consumers. It also influence culture of people and their surroundings in which they gives better performance. Cognitiveapproach:It isthementalactivityincludesin thinking,remembering, learning and using different languages. This approach is very useful for learning and analysing overall behaviour of consumers in the industry. Along with it helps respective firm to to collect appropriate information and concepts to understand connection of people for increasing firm's productivity in hospitality sector(Haraand Villiers, 2017).Therefore, it is essential to observe consumer's behaviour and provide better goods and services accordingly. 9
CONCLUSION According to the above respective report, it has been analysed that consumer behaviour plays very crucial role in every marketer's life. In this assignment consumer behaviours is dynamic process to communicate with different people at marketplace. With the help of this hospitality organisation sector can take initiate to determine overall demand and desires of people and give better satisfaction to them. It help firms to increase profit and productivity at higher level and satisfying consumers. Furthermore, there are various decision making process in context with hospitality sector among the buying behaviour of people. Along with this, there are so many factors which directly influence consumer's buying behaviour in a positive way. In addition to this B2B & B2C are the best form for hospitality sector which helps them to increase profit by taking effective course of action to adopt huge profitability. Whereas, marketing research methods or approaches much essentials to make better decisions appropriately. 10
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