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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.

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Q: Define marketing research .Discuss the scope and purpose of market research in tourism?
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