Understanding Customers and Consumer Behavior in the Tourism Industry
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Added on 2023/06/15
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This essay discusses the importance of understanding customers and consumer behavior in the tourism industry. It covers micro and macro consumption, decision-making theories, and technology used in the industry. The essay also provides insights into Hays Travel and its operations.
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Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Customer refers to a person who can purchase specific products and services from the store and pay accordingly to satisfy their desires. Sometimes this individual is customer as well as consumer and sometimes not. Consumer determine someone who can buy particular item and also consume it that means it can use this product by its own can't resell such item. In simple term, it is known as end user of items(Mishra Singh and Koles, 2021).Consumption simply means spending on utility and utilise specific goods and services for household purpose. This essay is based on Hays Travel, it is a independent travel company that operate tour and provide holiday package to its clients. Its headquarters is in Sunderland, England. This report will cover micro and macro view of consumption, theories related decision making and defines various technologies related to big data of macro consumption. MAIN BODY It refers to a tendency of person who can use small resources and incentives as per their demand. Tiny view is going to be be concerned about small details about specific product that gives a high satisfaction level(Vanhala and et.al., 2020).This can relate directly to the decision of person who can allocate production consumption and exchange. This micro segment helps marketer to know better understanding about understanding of their customer just because it empowers technology. In context of Hays Travel, customers are highly demanded as it is a leading company. According to this small area clients are increasing through trust, relationship and honesty that makes its holiday wonderful. This micro perspective reflect social structure and life that are found in individual at the time of interaction. Basically tourist are consume that helps to satisfy his/ her individual desire and make them satisfied by wide variety of items. These factor creates a long lasting impact on business economy. It comprises consumer behaviour, supplier, reseller etc. As nature of customer is essential part in this factor because these are one who can improve company growth through purchasing their item. This micro consumption view is based on strategy related to item as it is a key part for survive in market place. If any kind of reason, company are not able to make effective strategies related then it can reflect entire respected company. Basically, it can be used just for the sake of increasing number of customer that aids to understand environment. Competitive price, less quality of product and other advantages that usually offer by business.
In short, micro segment is significant for consumers and well as company because it directly affects both. It comprises several elements that helps to understand about targeted audience. And also create an implication on business operations and performance level that generally used to grow business(Duca-Radu, Kenny and Reuter, 2021).This is the main source that can increase the competitiveness of market. Consumption is based on consumer behaviour that means what is their taste and preference according to market trends. Due to COVID- 19 tourism business highly affected ans as per this , it occur rapid changes in customer nature as well as market. Information processing theory is an approach that tells about the way through which an information is encoded in human brain. In reference to customer behaviour, it can be used in identifying the process in which a customer thinks before buying a product or service. This process of product selection by customer is known as consumer information processing. There are various stages that involve in consumer decision making process. First it identifies the needs for any product or service from the market(Sokhanvar, Çiftçioğlu and Javid, 2018). This is known as problem recognition. It is the result of distinctions between an individual's current state of satisfaction and its desired wants. After recognising the problems, the customer searches for the actual or related product that could help in fulling its need, it is considered as information search. In mostly cases he/ she has options for selecting between the samesatisfactory items, excluding the commodities or services that are provided by only one or few provider and don't have any competition. In cases of selection, the consumer compares the different products by considering different aspect such as price, quality and availability and select the best or most satisfactory product. This part of process is called alternative evaluation and selection. The next stage in this theory is outlet selection and purchase. In this the consumer selects the feasible outlet from which he/she is going to buy and finally makes the purchase. Then there are services which a business organisation provides to its customers that already made any purchase such as – return, exchange or any maintenance service for developing a loyal bond with them and this is known as post purchase processes. In tourism sector, this theory can impact to a great extent. Tourist put lots of efforts in finding their vacation and touring spot by studying the market trends and reviews of the past visitors(Kim and Jeong, 2018). The world has unlimited numbers of tourist attraction place. People select from them according to their resources. Tourism companies are also selected and even booked in advance.
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This phenomena is a sphere of consumption that can use analytical categories. This transformation can be used on societal level. In case of tourism it defines a sub system that is based on socio- economic improvement. It is a very important aspect of tourism as it helps in providing clear over view. Acknowledging related to extreme variability of this sector needs to identify dynamic through social and economic perspective that can be arises direct changes in tourism. Large scale parts of shopper conduct additionally incorporates many element which influences working and various tasks oforganization. It is vital for advertiser to distinguish diverse full scale perspectives which influencepurchaser conduct(Vergori and Arima, 2020). Social and affordable angles is being considered as the main variable which straightforwardly sway on the decision making of the consumer. Social perspectives incorporates the things like family, companions, status, gatherings of people and a lot more which influence the conduct of the buyer(Lee and Jan, 2019). They Rome around and meet with various individuals which have distinctive attitude, conduct and language. This influences the conduct and buying choice of buyer. Monetary viewpoints additionally impact on buyers which are impacted by economy of a nation or a market. In this event, nation have a high political solidness and strong financial conditions then this lead to increment in buying force of shopper. Positive financial and money related circumstance incrementventure of purchaser on buying item. The climate or social orders in which an individual live is being considered as a significant component for impacting conduct of shopper. In context of tourism, various firm that can highly connected with this industry are directly implication on this aspects as the consumption view related to customer. Companies that are usually in this be like, Export travel, London travel , ultimate travel etc. are directly affect through this segment. Use of technologies play a vast role in mostly all types of business entities including tourism sector. Tourism centred entities can include hotels, restaurants, guides, convenience facilities and many more. To make their experience better and avoid uncertainties such as not finding or getting spots to visit and places to stay, people search for the tourism companies online and book them in advance. This gives tourism companies a positive force to make their online presence.There are certain apps through which people can easily view and book their hotels. These are vastly getting in use so that the tourists can put their full focus in getting new experiences and avoid wasting time in finding the useful resources at the time of their visit
(Gravari-Barbas, 2018). Making of online websites is also a source of attraction to tourists by showing and giving them the reliance to have a fruitful experience through pictures and videos. CONCLUSION It is conclude from above essay is that consumer is very important aspect for every organisation as these are one who helps in surviving business. Above analysis includes micro as well as macro segment, decision theories and technology that are adopt by tourism industry. These aspects is significant not only for business or consumer but also for enhancing competition level in market place. A suitable instances of tourism organisations are also marked in this essay as these business also concerned about these term in order to increasing industry growth and success.
REFERENCES Books and Journals Mishra, R., Singh, R.K. and Koles, B., 2021. Consumer decision‐making in Omnichannel retailing:Literaturereviewandfutureresearchagenda.InternationalJournalof Consumer Studies.45(2). pp.147-174. Vanhala, M. and et.al., 2020. The usage of large data sets in online consumer behaviour. Duca-Radu, I., Kenny, G. and Reuter, A., 2021. Inflation expectations, consumption and the lower bound: Micro evidence from a large multi-country survey.Journal of Monetary Economics.118.pp.120-134. Sokhanvar,A.,Çiftçioğlu,S.andJavid,E.,2018.Anotherlookattourism-economic development nexus.Tourism management perspectives,26, pp.97-106. Vergori, A.S. and Arima, S., 2020. Cultural and non-cultural tourism: Evidence from Italian experience.Tourism Management,78, p.104058. Gravari-Barbas, M., 2018. Tourism as a heritage producing machine.Tourism management perspectives,25, pp.173-176. Lee,T.H.andJan,F.H.,2019.Cancommunity-basedtourismcontributetosustainable development?Evidencefromresidents’perceptionsofthesustainability.Tourism Management,70, pp.368-380. Kim, H.J. and Jeong, M., 2018. Research on hospitality and tourism education: Now and future.Tourism Management Perspectives,25, pp.119-122.