How does homestay operstors make quick response to changing trends in jomedtsy tpirism?5 answersHomestay operators adapt to changing trends in domestic tourism by implementing the concept of the triple bottom line (TBL). This approach emphasizes not only profit but also environmental and social responsibility, aligning with evolving consumer preferences for sustainable and responsible travel experiences. Additionally, the evaluation system of tourism homestay resources is continuously revised based on market, policy, and theoretical backgrounds, ensuring operators stay attuned to current developments. By actively engaging stakeholders, managing environmental impacts, implementing sustainable practices, and analyzing the life cycle of products used, homestay businesses can respond swiftly to changing trends in domestic tourism while maintaining a sustainable and appealing "home away from home" experience.
How does increasing business networking improbe sales in homestay?5 answersIncreasing business networking in homestay establishments can significantly improve sales by leveraging various online marketing strategies. The integration of network technology, such as collaborative filtering algorithms, and social network services (SNS), plays a crucial role in enhancing customer reach and engagement. By utilizing the Internet for marketing, homestay businesses can tap into a broader customer base, leading to increased visibility and higher conversion rates. Additionally, the management of private home accommodations through social and business networks can provide valuable insights for understanding and supporting this sector of the hospitality industry. Leveraging network relationality principles and shareable tourism experiences through peer-to-peer platforms can further enhance the appeal of homestay offerings. Overall, effective business networking through online platforms can drive sales growth and foster sustainable business development in the homestay sector.
How do the target marketing strategies impact the small and medium-sized enterprises on the international market?5 answersTarget marketing strategies have an impact on small and medium-sized enterprises (SMEs) in the international market. The study by Billore and Billorehighlights the importance of customer knowledge, networking, and cultural knowledge for SMEs in the initial stages of internationalization. It suggests that these factors contribute to the market orientation of the firms and help in devising relevant strategic fit with the market. The study by Cui, Walsh, and Zouproposes that the impact of host-home country similarity on SMEs' international performance is moderated by their choice of exploration and exploitation strategies. The study by Armario, Ruiz, and Armariofinds a direct positive relationship between market orientation and internationalization strategy, with the effect on performance in foreign markets being moderated by knowledge acquisition and market commitment. The study by Riviere and Upsonexplores how customers and competitors drive SME behaviors aimed at achieving positional market advantages. Finally, the study by Moensuggests that small firms develop export strategies aimed at reducing their size disadvantages, with a focus on niche markets, product quality, personal selling, and distribution efficiency.
What is the demand for homestays in Malaysia?5 answersThe demand for homestays in Malaysia is high, with the tourism industry experiencing significant growth and the number of registered homestay entrepreneurs increasing. Homestays are seen as a valuable tourism product that aids the success of the tourism industry in Malaysia. The homestay programme was introduced in Malaysia in 1988 to cater to the demand of tourists seeking cultural experiences and knowledge enhancement. The growth of the tourism industry in Johor, in particular, has led to a high demand for homestays in the state. Homestay entrepreneurs in Malaysia are motivated by internal factors to engage in the homestay business, despite facing challenges and problems. The COVID-19 pandemic has significantly affected the tourism sector, including homestays, with entrepreneurs facing various challenges and hoping for government and private agency support.
What is target market?5 answersA target market refers to a specific group of consumers who have a need for a product or service and are willing to pay for it at a profitable price. It is important for businesses to identify their target market in order to develop effective marketing strategies and cater to the needs and wants of their customers. The process of identifying a target market involves considering consumer demographics such as age, gender, and income level, as well as their interests, hobbies, concerns, and preferences regarding product characteristics. Market research is then conducted to estimate the available customer base, determine the amount of product or service to be consumed, and assess consumer sensitivity to price changes. By understanding their target market, businesses can tailor their products, prices, channels, and promotional tactics to suit the requirements of individual consumers and maximize their impact.
What are the marketing strategies for cruise lines?5 answersCruise lines employ various marketing strategies to attract customers and drive consumer behavior. These strategies include utilizing advanced pricing strategies based on factors such as cabin type, departure date, booking-to-departure time, number of nights, ship size, and port of departure. Additionally, cruise tourism enterprises focus on customer satisfaction as a basis for their marketing strategies, taking into account product mechanisms, psychological mechanisms, and emotional mechanisms that affect customer satisfaction. Social media analytics, particularly on platforms like Twitter, are also used to understand customer sentiment and preferences, with celebrities, professional bloggers, cruise lines, and travel agencies playing a significant role in shaping cruise-related discussions. Furthermore, marketing programs for cruise vacations emphasize emotional value, social value, and perceived novelty to influence consumers' intention to cruise, particularly among younger customers. Overall, the marketing approach in the cruise industry revolves around adapting to the needs of tourists, focusing on the consumer-tourist and their preferences.