This presentation provides an overview of consumer behavior, including the factors that influence it and the impact of digital technology on consumer trends. It focuses on the hospitality industry and how understanding consumer behavior can help businesses meet customer needs and wants.
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UNDERSTANDING CONSUMER BEHAVIOR
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Introduction Different factors that affect consumer behavior Consumer trends are changing due to digital technology Conclusion References TABLE OF CONTENT
Consumer behaviour is study of all the activities of individuals and organization and how they use and select good and services of particular company. It is an decision making process of consumer at the time of purchasing good and services. Organization Analyse and identify consumer's decision making process to target particular customer in market. INTRODUCTION
Study of consumer behaviour includes study of individual, group and organization and their the affect of various factors on their buying behaviour. Consumer behaviour helps in understanding the behaviour of individual towards purchasing good and services of particular brand or company. In the context of The Dorchester, hotel is highly focused on giving their customer high level of comfort and satisfaction by the services they are providing them. DIFFERENT FACTORS THAT AFFECT CONSUMER BEHAVIOR
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There are various factors that influence consumer behaviour is following below: Social factors:These factors prevent in the society whereindividuals are living. In society there are several individuals with different choices and preferences and there also various factors of society that influence the behaviour of individual. Personal factors:These factors are personal factor of individual that make change in their buying behaviour. Different persons have their own personal choice and preferences according to their culture and environment. CONTINUE….
Cultural factors:In the business of hospitality differentculturefactorsaffectthebehaviorof individual. These are the people with same set of valuesandideologiesthatbelongtoparticular group or community. Psychological factors: It is major determinate of consumer behavior, these factors are difficult to measure but has strong presence that can influence the behavior of an individual. CONTINUE….
Digital technology can be define as the tools, device, systems that helps in generating and storing data and information. In today's scenario digital technology Is most useful function that individuals are using in their daily works. In hospitality business there are several digital technology that helps customers to use hospitality services from their home. Thus there are several digital platforms that is affecting the business of The Dorchester. CONSUMER TRENDS ARE CHANGING DUE TO DIGITAL TECHNOLOGY
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Below are various factors that have impact on trends of consumer by using digital technology: Change in consumers desires:Digital technology has major impact on consumers using hospitality facilities. It changes their demand and choice and affect the business of The Dorchester. Impact of Mobile Apps:In current scenario mobile app have assess to all most every individual they are using this apps to reach hotels and restaurant. Mobile apps helps hospitality business by connecting with more people and make them regular customer. CONTINUE…..
Improvement of consumer connections:Digital technology helps hospitality business by connecting with them for long time. They use various social media platform such as Facebook, Instagram and other applications that help them to enhance their connection with customers. CONTINUE…
From the above information it can be conclude that understanding consumer behaviour is very important aspectofhospitalitybusiness.Withthehelpofanalysingconsumerbehaviourorganizationcan understand needs and wants of their customer and how they can fulfil it. CONCLUSION
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Cantallops, A.S. and Salvi, F. 2014. New consumer behavior: A review of research on eWOM and hotels.International Journal of Hospitality Management,36, pp.41-51. De Mooij, M. 2019.Consumer behavior andculture: Consequences for global marketing and advertising. SAGE Publications Limited. Grimmer, M., Kilburn, A.P. and Miles, M. 2016. The effect of purchase situation on realized pro- environmental consumer behavior.Journal of Business Research,69(5), pp.1582-1586. REFERENCES