This report is required to choose a business operating in the tourism sector and describe how the business segments its market and how this segmentation is reflected in its marketing strategy.

Essay by sentimentalUniversity, Bachelor'sB, March 2007

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By Elaine Yiting SHAO

Dreamers' Paradise

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Dreamworld

So Many Worlds In One

Name: Elaine Yiting SHAO

ID: 1955 9224

Tutor: Blake Stanwick

Unit Name: Tourism Marketing

Unit Code: MKW2600

Word Count: 2876 �

Table of Contents

iiiExecutive Summary �

11 Introduction �

11.1 Purpose �

11.2 Scope �

11.3 Methodology �

11.4 Limitations �

11.5 Assumptions �

22 Background �

13 Identification of Market Segmentation �

13.1 Theory of Market Segmentation �

13.2 The Importance of Segmentation �

14 Analysing Market Segmentation Using Segmentation Variables �

14.1 Recognition of Appropriate Variables �

14.2 Application of Market Segmenting Using Different Variables �

14.2.1 Geographical Segmentation �

14.2.2 Demographic Segmentation �

24.2.2.1 Segmentation by Age �

24.2.2.2 Segmentation by Family Life Cycle �

24.2.3 Psychographic Segmentation �

34.2.3.1 Segmentation by Attitudes and Opinions �

34.2.3.2 Segmentation by Lifestyles �

34.2.4 Behaviouristic Segmentation �

44.2.4.1 Segmentation by Purchase Occasions and Brand Loyalty �

54.3 An Overall Notion �

55 Clarification of Marketing Strategies �

55.1 The Marketing Mix Approach �

55.2 Product �

65.2 Price �

75.3 Place �

85.4 Promotion �

88 Recommendations �

99 Conclusion �

1010 Appendix �

10Appendix A: The Admission Fees for Dreamworld, Movie World and Sea World �

12Appendix B: The Cover Page of The Wiggles Magazine �

1311 References �

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Executive Summary

This report is designed to introduce an understanding of market segmentation and marketing strategy integrated with the exiting business - Dreamworld. It clarifies how Dreamworld - the largest theme park in Australia segments its market, and how the segmentation is reflected in its marketing strategy.

Firstly, the report indicates the background of Dreamworld market. It describes how Dreamworld segments its market and identifies the marketing strategies applied by Dreamworld in its marketing segment. To pursue success, the approach of segmentation...