Table of Content •Introduction •Factors influencing consumer behaviour •Impact of digital technologies on consumer trends •Conclusion •References
Introduction The consumer behaviour is the study of the behaviour of consumers related to the process they use to choose the product or service, consume and dispose the product (Walmsley, 2015). Hospitality industry is the growing industry and the business operations are changing with the change in technology. The online hospitality has make it easy for the customers to experience the service whenever they want. The presentation is on Crowne Plaza which was founded in 1983 in UK and has more than 3600 hotels.
Factors influencing consumer behavior The buying behaviour of consumers and the purchase decision in influenced by social, cultural, personal and psychological factors. Cultural factors Buyer's culture Subculture Social class
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Cont.... Personal factors Age and life cycle stage Professionals buying power Social factors Family Reference groups Psychological factors Motivation Perception
Impact of digital technologies on consumer trends The digital technologies has changes how the business work and it has impacted them in the long term. It is making the business processes faster and consumers informed. Digital technologies uses televisions, smart phones, social media, computers, etc. •Change in consumer desires •Better experience to customers •Customers are informed •Social media and smart phone connect
Conclusion From the presentation it is concluded that the marketers need to find the moments that matter in the decision making of customers and they need to have an impact on the customers so that they can increase profits. The customers has to take decisions because they will pay of the services and it is not easy to get the money out of customer's pocket so they need to satisfy the needs of customers.
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References Walmsley, A., 2015.Youth employment in tourism and hospitality: a critical review. Goodfellow Publisher Limited. Goryushkina, N.E. and et.al., 2018. The world hotel market: Current state and development trends.International Journal of Mechanical Engineering and Technology. 9(13). pp.618-627.