Analysis of Consumer Behavior and Trends in the Hospitality Sector
VerifiedAdded on 2023/01/19
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Report
AI Summary
This report analyzes consumer behavior within the hospitality industry, focusing on the impact of digital technology and cultural influences. It examines how factors such as social and cultural backgrounds, along with psychological aspects, shape consumer decisions. The study uses the Bicester Village Hotel in the UK as a case study to illustrate these concepts. The report also highlights the significant changes in consumer trends driven by digital advancements, such as online booking and digital payment options, comparing the experiences of customers in the past to those of today. The study also explores the Black Box Model to understand the factors influencing consumer decision-making. It concludes by emphasizing the importance of understanding consumer behavior for hotels to attract and retain customers in a competitive market.
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