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Flight Centre Market Research Report

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Flight Centre Market Research Report
Flight Centre: Portfolio Analysis of its Competitiveness and Market Opportunities

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Student Name: WEI ZHOU
Student Number: 43410295
Lecturer Name: Aaron Tkaczynski
Course Name: Marketing&Distribution Research Project
Course Code: Tour 7032
Date: 15/09/2014

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WEI ZHOU 43410295

Executive Summary!
Flight Centre (UK) is the British arm of Flight Centre Travel Group (FCTG), it’s the third largest national market for FCTG. While the UK travel market have matured, there exists different small market segments which still possess potential for growth. The competitive stance analysis of Flight Centre (UK) indicates that the industry still has growing consumer demand.

While Flight Centre (UK) is much

smaller than the two dominant industry leaders – TUI Travel and Thomas Cook
Group, its parent company FCTG possess stronger finances, which enables Flight
Centre (UK) to consider fighting for a bigger market share. The core finding of this report indicates that there exists a huge opportunity in the online market for
Flight Centre (UK), these also exist smaller opportunities in niche markets like heritage tourism and high-end travel services.

The report after analysing the

findings, recommends more focused marketing into the online and heritage tourism segment of the market, as well as to consider the possibility of high-end travel services as a possible targeted market segment.

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Tour 7032 Marketing&Distribution Research Project Marketing Research Report 1

WEI ZHOU 43410295

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Table of Contents!
Executive Summary ......................................................................................1
Background ...............................................................................................3
Managerial Issue .........................................................................................3
Research Objectives ....................................................................................4
Methodology



References: Bank of England, 2014. Bank of England. [Online] Available at: http://www.bankofengland.co.uk/Pages/home.aspx Bates, A. & Bailey, E., 2003. Marketing to win market share - the role of doctor sentiment and benchmarking Breeze, J., 2014. Agents of change: Operators embrace the possibilities of the internet to boost revenue, Melbourne: IBISWorld Industry Report. Brennan, A., 2014. Global Tourism, Melbourne: IBISWorld. Davies, B. & Downward, P., 2007. Exploring price and non-price decision making in the UK package tour industry: Insight from small-scale travel agents and tour operators Management, Volume 28, pp. 1236-1261. Dugulan, D., Balaure, V. & Popescu, I. C., 2010. Cultural Heritage, Natural Resources and Competitiveness of the Travel and Tourism Industry in Central and Eastern European Esen, S. & Uyar, H., 2012. Examining the competitive structure of Turkish tourism industry in comparison with diamond model Evans, N., Campbell, D. & Stonehouse, G., 2003. Competitive strategy and strategic direction for travel and tourism organizations Flight Centre UK, 2014. About Us. [Online] Available at: http://www.flightcentre.co.uk/about-us Flight Centre, 2012. 2011 - 2012 Flight Centre Limited Annual Report, Brisbane: Flight Centre Limited. Flight Centre, 2013. 2012-2013 Flight Centre Limited Annual Report: Travel Agent to Travel Retailer, Brisbane: Flight Centre Limited. Goldstein, D. & Lee, Y., 2005. The rise of right-time marketing. Journal of Database Marketing & Customer Strategy Management, 12(3), pp Hel, 2014. GSM Lecture 5. [Online] Available at: http://hel.org.uk/studies/international%20management/ Heseltine, M., 1994. Competitiveness: what, why and how?. European Business Journal, 6(3), p Jeon, H., 2014. Bon voyage: Despite competition, rebounding travel rates keep the industry flying high, Melbourne: IBISWorld Industry Report. Langowitz, N. S., 1991. Motivations for Innovation in Firms: Economic Insight into the U.S. Lin, R., 2014. Come fly with me: The Industry faces gowing competition from online booking services, Melbourne: IBISWorld Industry Report. Shafaei, R., 2009. An analytical approach to assessing the competitiveness in the textile industry Thomas Cook Group, 2013. Annual Report & Accounts 2013: Transformation The first 365 days, London: Thomas Cook Group Plc. Tse, A. C.-b., 2003. Disintermediation of travel agents in the hotel industry. Hospitality Management, Volume 22, pp TUI AG, 2014. TUI Travel. [Online] Available at: https://www.tui-group.com/en/company/sectors/tuitravel TUI Travel, 2013. Annual Reports & Accounts 2013. [Online] Available at: http://www.tuitravelplc.com/investors-media/annual-reportaccounts-2013#.VBWUa_mSx8E Whittingham, J., 2013. What TUI Travel PLC is doing to become a more sustainable business, Bournemouth: TUI Travel PLC. Zhang, H. Q. & Morrison, A., 2007. How can the small to medium sized travel agents stay competitive in China 's travel service sector?

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