Niche Markets

Niche Markets
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Slide 1: Tekstslide
TourismFoundation Degree

In deze les zitten 16 slides, met interactieve quizzen, tekstslides en 1 video.

time-iconLesduur is: 60 min

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Niche Markets

Slide 1 - Tekstslide

Definitions 
Niche Market: a small area of trade within the economy, often involving specialised products (dictionary.com)

Toften and Hammervoll (2009), niche marketing can be understood as a focus on a limited market, which is generally considered to be appropriate for small or specialised businesses.



Slide 2 - Tekstslide

Ways to identify a niche....
Price
Demographics
Level of quality
Psychographics
Geographic area
Lifestyle
Occasion
Profession
Style
Culture
Activity or habits
Behaviour

Slide 3 - Tekstslide

Niche Tourism 

Slide 4 - Tekstslide

Slide 5 - Video

Slide 6 - Tekstslide

Why do you think this type of tourism has become so popular?

Slide 7 - Woordweb

Niche Events 

Slide 8 - Tekstslide

Can you think of an example of a niche event?

Slide 9 - Woordweb

Examples of niche events 
Technology Conferences
Sustainability Expos
Food and Beverage Festivals
Wellness Retreats
Personal Development Seminars
Music and Art Festivals
Fashion Shows
Sports Conventions
Entrepreneurship Bootcamps
Gaming and Esports Events
Travel Expos
Health and Wellness Conferences
Pet Shows and Expos
Film Festivals

Slide 10 - Tekstslide

Slide 11 - Link

Slide 12 - Tekstslide

Millennials 
Scott Wayne, co-founder of The Envoy Portfolio, a team of negotiators, analysts and creatives, who research and influence human decision-making through a portfolio of products and services, believes niche events are growing in popularity because they appeal to millennials’ preferences.

“As millennials are now the largest generation in the workplace, it comes as no surprise that their preferences are becoming more in demand,” he says.

Wayne continues, “Millennials crave less formal and more experiential and intimate learning and networking experiences. Having only ever lived in a digitally centric business environment, smaller more experimental talks and events offer a personalized opportunity to disconnect and make lasting personal connections.”

Slide 13 - Tekstslide

Niche Hospitality 
Hotels 
Restaurants 
Bars/pubs 
Retreats 
Tours/trails 

Slide 14 - Tekstslide

Group task - Padlet page
Group 1 - Events 

Group 2 - Tourism 

Group 3 - Hospitality 

Examples in NI

Slide 15 - Tekstslide

Class test - practice 
Complete workbook 

Draft model answer 

Slide 16 - Tekstslide