This paper discusses the aviation industry of Australia, focusing on Qantas. It covers industry demographics, factors influencing purchasing, and consumer trends.
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Running head: INTERNATIONAL BUSINESS International Business Name of the Student: Name of the University: Author note:
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1INTERNATIONAL BUSINESS Table of Contents 1. Introduction............................................................................................................................2 2. Discussion..............................................................................................................................2 2.1. Industry Demographics...................................................................................................2 2.1.1. Business travellers........................................................................................................2 2.1.2. Holiday travellers.........................................................................................................2 2.2. Factors influencing purchasing.......................................................................................2 2.3. Consumers’ trends in the Airline industry......................................................................3 2.3.1. Megatrends...................................................................................................................3 3. Conclusion..............................................................................................................................3 References:.................................................................................................................................4
2INTERNATIONAL BUSINESS 1.Introduction This paper shall elaborate on discussing about the aviation industry of Australia. The chosen company for this purpose is Qantas. It shall highlight the industry demographics, business travellers, and holiday travellers, the factors influencing purchasing of the customers and the consumer trends and megatrends. 2. Discussion 2.1. Industry Demographics 2.1.1. Business travellers Business travellers of Qantas account for about 12% of the total passengers and are significantly profitable for the company (O’Connell, 2016). They aid more than the leisure travellers in the total revenue earned by the airline company. 2.1.2. Holiday travellers The holiday travellers of Qantas include a large travel groups and their main holiday peak season is during the summer season. It arranges everything right from flights, transfers, accommodation, activities to conference venues for these group (Scharfenort, 2017). It is to note that a holiday traveller group of Qantas include 10 to 15 people. 2.2. Factors influencing purchasing The factors that influence the purchase decisions of the buyers in the airline industry include the age and the lifecycle, the occupation of the traveller, the characteristics of the journey, the ticket prices, the income level, the social class to which the person belongs to, the perceived quality of services offered by the airline and his or her previous experience with flying.
3INTERNATIONAL BUSINESS 2.3. Consumers’ trends in the Airline industry There are several consumer trends seen in the recent years in the airline industry and the most significant of them include the following: a)the rising demands of the passengers and rebounding b)the world of consumer is online and offline today c)Changing the course in the generation of revenue d)Ever increasing focus on the standardisation and regulatory routes (Seo & Park, 2018) 2.3.1. Megatrends The key megatrends in the airline industry in contemporary world include: a)Workforce marketplace- Customers todays are highly relied on digital technology. b)Ecosystem power- Airline industry is actively taking part in the travel ecosystem c)Designs for the humans- the airline industry and the careers are taking steps towards creating seamless experience for the travellers. 3. Conclusion Hence, from the above analysis it can be concluded the expectations of customers today from the airline industry has increased a lot and so is the advancement in technology. Qatar needs to keep a track of its customers’ needs and should align its processes and operations so that to fulfil those needs of its customers and to maintain its market position.
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4INTERNATIONAL BUSINESS References: O’Connell, J. F. (2016). Airlines: an inherently turbulent industry. InAir Transport in the 21st Century(pp. 109-146). Routledge. Scharfenort, N. (2017). 8 Tourism development challenges in Qatar.International Tourism DevelopmentandtheGulfCooperationCouncilStates:Challengesand Opportunities, 140. Seo, E. J., & Park, J. W. (2018). A study on the effects of social media marketing activities on brand equityand customerresponse in theairlineindustry.Journal of Air Transport Management,66, 36-41.