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Newfoundland and Labrador Product Development Strategy

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- 4 -Market Segments/Segmentation: The definition of segments of the marketplace in whichthe members of the target audience share like characteristics. Market segmentation is usuallydone on the basis of one or more of the following; purpose-of-trip/travel, geographic area,demographics, psycho-graphics (interests, values), <strong>and</strong> travel mode.Media: Communications tools available in reaching target audiences.Mentoring: Coaching provided by a knowledgeable, experienced <strong>and</strong> respected professional.Motorcoach Tour: A group tour in which the primary mode of transportation is bymotorcoach.Natural Heritage: The natural environment in the absence of human intervention – forests,lakes, oceans, mountains, flora <strong>and</strong> fauna, wildlife, etc.Niche Markets: Specialized market segments that can be narrowly defined, usually becauseof avid interests. An example would be avid birdwatchers who are prepared to travel for thatactivity.Package: A pre-arranged combination of travel components "packaged" together <strong>and</strong> sold atan all-inclusive price in a single transaction.Positioning: The manner in which a product or service is presented to the consumer inmarketing materials that draws attention to its unique appeals to targeted market segments.Primary Research: The collection of original information, usually obtained from customersor users of a business’ product. Common techniques include mail surveys, telephone surveys<strong>and</strong> personal interviews.Purpose of Trip/Travel: A form of market segmentation based on the reason for travel.Quality Assurance: Providing assurance to a buyer as to the quality of the product on offer.In tourism this refers to rating <strong>and</strong> endorsement programs, such as Canada Select.RTA: Regional tourism associationRTDA: Regional tourism development associationRV (Recreational Vehicle): A motorized recreational vehicle with onboard livingaccommodations.Receptive Operator: A tour company that specializes in particular destinations, providingservices at the destination to group travel organizers <strong>and</strong> tour operators. Some limit theirservices to the community <strong>and</strong> area in which they are based; others provide services to entireregions.THE ECONOMIC PLANNING GROUP of Canada <strong>Newfoundl<strong>and</strong></strong> & <strong>Labrador</strong> Tourism <strong>Product</strong> <strong>Development</strong>D. W. Knight Associates <strong>Strategy</strong> <strong>and</strong> Accommodation Needs StudyAppendix IV: Glossary

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