Market research involves qualitative methods like in-depth interviews and observation to understand customer attitudes beyond just numbers.
Travel and tourism organizations use market research to:
Discover what attracts customers.
Gauge their market position (e.g., if they are a market leader, selling more than competitors, or if competitors are gaining).
Identify customer and potential customer needs and wants.
Analyze competitors.
Inform the creation of marketing plans.
A key component of business tourism is MICE (Meetings, Incentives, Conferences, and Exhibitions), involving specialized venues and services from hotels and conference centers.