Question

Define Market Segmentation. Explain any one variables of market segmentation in detail.

31 Jul 2026
Answer :
Word Count : 477
Market segmentation is the process of dividing a broad and heterogeneous market into smaller, clearly identifiable groups of consumers who have similar needs, characteristics, preferences, or purchasing behaviour. In tourism marketing, market segmentation is particularly important because tourists differ greatly in terms of their motivations, income, age, lifestyle, travel preferences, destination choices, and spending patterns. Instead of adopting a single marketing strategy for all tourists, tourism organisations can identify specific segments and develop suitable products, prices, promotional messages, and distribution channels for each segment. Market segmentation enables tourism businesses such as hotels, airlines, travel agencies, _______ _____ _____ ______ ______ ___ _______ _________ _________ _____ ______ ______.
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