This presentation provides insights into the factors and trends affecting consumer behavior in the hospitality industry. It explores the influence of culture, social factors, personal factors, and emerging trends like digital technology. The presentation focuses on GLH Hotels, a British-based hotel company.
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HOSPITALITY CONSUMER BEHAVIOR INSIGHT
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Hospitality industry is a broad field, main focus is on providing leisure services rather than basic needs. Hospitality industry works in various sectors like food &drinks, hotels & resorts, travel & tourism, event planning and many other. Hospitality can also be defined as vast category inservice field providing luxury services to range of consumers. For this presentation, GLH Hotels id chosen, it is a British based hotel company. INTRODUCTION
Consumer Behaviouris a phenomena used to study individual or group of people about how they make purchases or select products to fulfil their leisure desires. Consumer behaviour is defined as decision process of people while they are buying any goods or services for need satisfaction. VARIOUS FACTORS AFFECTING CONSUMER BEHAVIOR
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Factors that influence consumer behaviour Cultureelement is most important while understanding consumer behaviour, it is one of the most basic area which influence consumers needs and their decision-making criteria. Socialfactors refer to social groups, status, family and other elements which affects behaviour of people. This is sub-divided into: Reference groups- Family CONTINUE…
Personalfactor includes age, occupation, lifestyle and financial conditions of consumers, these are also very influential in nature. These are also divided into parts such as: Age and life cycle- Occupation Psychologicalfactor include different aspects and which are as follows. Motivation Perception CONTINUE…
Many new trend are coming in with changing business environment and working styles of different organisations. One of these new trend is brought in by digital technology, use of new technologies is increasing day by day in lives of everyone. Nowadays people are becoming techno-friendly, they get everything on their smartphones or laptops like any kind of information about anything. This aspect is playing huge role in hospitality industry too customers needs and demand are changing with introduction of technology in world. EMERGING TRENDS AFFECTING CONSUMER BEHAVIOR
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Some of these factors of digital technology which impacted consumer behaviour are explained below: Brings ease and comfort:Digital technology brought ease and comfort to customer. People nowadays are becoming very busy in their daily life and at some point they need some comfort. Helpsindividualsinevaluationandcomparison:Withusedigitaltechnologyalmostall organisations or in case of hospitality field hotel and resorts have their presence on internet. CONTINUE…
Jauhari,V.ed.,2017.HospitalityMarketingandConsumerBehavior:CreatingMemorable Experiences. CRC Press. Mariani, M. and et. al., 2018. Business intelligence and big data in hospitality and tourism: a systematic literature review.International Journal of Contemporary Hospitality Management. 30(12). pp.3514-3554. REFERENCES