Top Trends Shaping the Travel Industry

The travel industry is undergoing tremendous change. Social media is opening up new creative ways for travel companies to market to consumers and broaden their reach. At the same time, mobile shopping is skyrocketing, forcing industry players to adapt quickly in order to capture the sales of on-the-go shoppers.

Perhaps most importantly, the sharing economy is now a multibillion dollar market and one of the fastest growing segments of the travel industry. Some analysts speculate that disruption is the “new normal” in the travel industry. To learn more about these shifts, read the blog post below.

Topics: Travel & Leisure Industry Insights

WebRTC and the Emerging Communications-Enabled Ecosystem

There is a big migration underway from traditional voice to data. This is not to mean that voice goes away in favor of only non-voice services. What this really means is that traditional circuit-switched (bearer) is going away and thus traditional voice calling plans. One of the key technologies that will help drive this migration is WebRTC.

Topics: Software & Enterprise Computing Industry Insights

The Importance of Competitive Intelligence

Competitive intelligence sounds like a useful concept in theory, but should it be considered an ongoing business priority? We asked a variety of executives, entrepreneurs, and consultants to weigh in on this question. Here, we’ve gathered their insights in a series of quotes to highlight a range of unique perspectives. Read on to learn more about the value of tracking your competitors and keeping a close watch on emerging market trends.

Topics: Market Research Strategy Profound

Projected 2016 Trends in the Pet Industry

The market for pet products and services is expected to rebound in 2015 compared to last year and experience higher sales in different market segments. By 2019, the industry is expected to hit $91.72 billion in sales. To maximize potential opportunities, companies in the pet industry need to understand the current trends that have affected the market as well as the emerging trends that are expected to drive the market in the coming year. In this post, we'll share findings from the comprehensive report U.S. Pet Market Outlook, 2015-2016 by Packaged Facts and explain the major trends that will affect pet product sales throughout 2016.

Topics: Pets Packaged Facts

Publisher Spotlight: Q&A with MarketsandMarkets

In this series, we are taking a closer look at specific publishers on Profound. You'll have the opportunity to learn more about the reports they publish and what kinds of problems they help clients solve. Today, we’re interviewing MarketsandMarkets, a market research company that produces 1,200 high-level, strategically analyzed studies each year. Learn more about them in the Q&A below.

Topics: Profound Market Research Provider

The Big Shopping Days of Thanksgiving Weekend

For consumers all across the U.S., the day after Thanksgiving marks the official start to the holiday season — and what better way to celebrate than buying presents? The term “Black Friday” was coined in the 1960s, and today it has become one of the busiest shopping days of the year. In the past few years, Friday is no longer the only shopping day promoted during Thanksgiving weekend. Now, consumers can get deals all weekend long on Small Business Saturday and Cyber Monday.

Topics: Retail Holiday

A Snapshot of Consumer Spending on Thanksgiving

Thanksgiving Day includes many different traditions for families all over America. From cooking extravagant dinners to traveling to visit friends and famly, the options for celebrating the holiday are truly endless. But there is one common factor that affects families during Thanksgiving weekend each year: high spending.

Thanksgiving weekend is one of the most expensive of the year, and that’s not just because of the amount of turkey being purchased. Food, travel costs, and shopping on Black Friday are all contributors to high spending during the five-day span. In this blog post, we will look at some of the main factors that influence consumer spending patterns during Thanksgiving.

Topics: Travel & Leisure Retail Holiday

How MarketResearch.com Became an Industry Leader: Part II

In yesterday’s post, we interviewed Founder and CEO Rob Granader to find out what distinguishes MarketResearch.com from other business intelligence providers. We delved into MarketResearch.com’s new business strategy and explored its unique mix of innovative market research solutions.

Today, we continue our discussion with Rob and highlight several other attributes that help shape MarketResearch.com’s company culture and the overall customer experience.

Topics: Academic Profound Market Research Subscription Market Research Provider Knowledge Centers Custom Market Research

How MarketResearch.com Became an Industry Leader: Part I

The ups and downs of the world economy clashed and converged with the growth of MarketResearch.com — since its start at the end of the dot com bubble in 2001. MarketResearch.com has weathered a series of economic storms including the tech bubble, the 9/11 terrorist attacks, and the Great Recession of 2009. Many of these downturns occurred at pivotal moments in the company’s history. Most pronounced, soon after MarketResearch.com finalized a large acquisition focused on the financial services market, the world’s banks went into a nosedive.

Despite these challenges, MarketResearch.com has become the leading provider of global market intelligence products and services, which are used by more than 5,000 companies a year and 89 percent of the Fortune 1000.

Topics: Academic Profound Market Research Subscription Market Research Provider Knowledge Centers Custom Market Research

How to Define Your Target Audience

Promoting your business to anyone and everyone is not an effective marketing strategy. To efficiently drive sales and increase brand awareness, you must focus on your target audience. But who is your target audience, exactly? How do you know if your marketing will appeal to them?

Consumer research is a vital step that can help you find the answers you need. Below, three experts share questions you can ask to help identify your target audience, assess buyer behavior, and optimize your marketing strategy. Their suggestions go beyond the basics — and some of their ideas may surprise you. Read on to find out more.

Topics: Market Research Strategy Advertising Marketing How To's