Market research is any organized effort to gather information about markets or customers. It is a very important component of business strategy equally important in tourism market as well . Market research is a key factor to get advantage over competitors. Market research provides important information to identify and analyze the market need, market size and competition.
The term market research is commonly interchanged with marketing research however, marketing research is concerned specifically about marketing processes, while market research is concerned specifically with markets.
Market research, includes social and opinion research, is the systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods and techniques of the applied Social Sciences to gain insight or support decision making.
After all market research is a process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service, research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face.
Examples related to tourism market research may be as followes:
• American Airlines investigating consumer attitudes and behaviors to enable the airline to
better serve the flying public.
• Marriott Hotels, Resorts, and Suites studying the leisure travel market .
• The Himalaya Trek conducting a market profile study to understand consumers
• Nepal Tourism Board (NTB) measuring the economic impact of tourism in the Nepal
To conduct market research, organisations may decide to undertake the project themselves (some through a marketing research department) or they might choose via a market research agency or consultancy.
Market Researchers can utilise many types of research techniques and methodologies to capture the data that they require. All of the available methodologies either collect quantitative or qualitative information. The use of each very much depends on the research objectives but many believe that results are most useful when the two methods are combined.
Marketing research used in all industries is the formal process for objectively learning more about a company's sales prospects in order to more efficiently market to them. Using the results of quantitative research helps to align individual experiences and personal knowledge with a more focused and unbiased perspective.
productplacepromotionpeopleprocesspricephysical
It is different from marketing a product because it is a service. Marketing Tourism is different from marketing a service because it is one of those services that aren't needed, but people appreciate. Also, going on vacation requires one to devote multiple days to vacation.
Those who work in hospitality and tourism marketing promote travel packages, trips, accommodations and more. Marketers work to entice travelers to visit a particular location or tourist attraction.
Service marketing means buying & Selling of services with the customer satisfaction that includes intangibility, heterogeneity, perish ability & inseparability from customers such as Tourism Service, Telecommunications Service etc.
significance of service marketing
He/she will learn to... 1. Examine and discuss the key concepts and principles of marketing as applied to tourism. 2. Demonstrate an evaluative understanding of current issues associated with tourism marketing. 3. Access, examine and assess the effectiveness of marketing strategies applied to tourism marketing. 4. Recognise and apply an Asian-Pacific perspective when researching tourism marketing issues. 5. Engage in tourism and marketing research and inquiry to inform strategic decision making and problem solving. 6. Demonstrate skills in oral and written communication as well as critical and analytical thinking in accordance with professional contexts.
Paul Brunt has written: 'Market research in travel and tourism' -- subject(s): Tourism, Marketing research
Marketing research can determine the medical procedures most appealing to travelers. These procedures can then be advertised to increase travel to that area.
what is the need of marketing tourism
Tourism Tim Warren self published the book, Tourism Marketing Success initially in 2003. 2nd Edition of Tourism Marketing Success in 2009. The 3rd edition of Tourism Marketing Success is a full tourism business and marketing course.
Tourism marketing is advertising the attractions in your area that attract tourists. You need a budget for your advertising and a marketing plan.
7p's of marketing mix for tourism
The knowledge of philosophy of tourism is the love of wisdom on tourism matters, discuss
define and discuss various tourism multipliers in detail
The importance of ethics to tourism research is that is gives guidance on how the research should be conducted. Ethics will also enhance professionalism in the tourism research process.
It is important to study tourism marketing in the tourism industry in order to know effectives ways to reach people in order to encourage them to visit the area you wish them to visit.