{"id":404,"date":"2020-11-02T12:33:12","date_gmt":"2020-11-02T10:33:12","guid":{"rendered":"https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/?post_type=lesson&#038;p=404"},"modified":"2023-08-15T09:17:23","modified_gmt":"2023-08-15T06:17:23","slug":"markets","status":"publish","type":"lesson","link":"https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/lesson\/markets\/","title":{"rendered":"Markets and Trends"},"content":{"rendered":"<p>In this lesson, you learn to assess the markets you are operating in. Also, you recognize trends affecting these markets.<\/p>\n<p>Watch the Prezi video above on the steps you need to take to analyse the market situation. Then read the theory part and additional sources according to your own needs and interests.<\/p>\n<p><strong>A market<\/strong> is\u00a0\u00a0\u201ca means by which the\u00a0exchange\u00a0of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through mediating agents or institutions. It has expanded to include the whole geographical area in which sellers compete with each other for customers.\u201d (<a href=\"https:\/\/www.britannica.com\/topic\/market\" target=\"_blank\" rel=\"noopener\">Encyclopaedia Britannica 2021<\/a>.)<\/p>\n<p>A market analysis is needed<\/p>\n<ul>\n<li><span style=\"font-size: 1rem\">to identify\u00a0<\/span><span style=\"font-size: 1rem\"> the key players in the markets,<\/span>\n<ul>\n<li>position of your competition<\/li>\n<li>market entry barriers<\/li>\n<li>regulatory framework<\/li>\n<\/ul>\n<\/li>\n<li>to know your potential customers\n<ul>\n<li>volume\u00a0and value<\/li>\n<li>segmentation<\/li>\n<li>buying behaviour<\/li>\n<\/ul>\n<\/li>\n<li>to know what kind of products are preferred by the customers<\/li>\n<li>to know the problems with the products you are selling.<\/li>\n<\/ul>\n<p>Sources for the latest information and data on trends and historical development of markets can be obtained from studies, magazines,\u00a0 newspapers, journals, company websites, search engines and even from blogs on specific niches.<\/p>\n<p>High-quality and extensive data sources are offered by various country or organization databases such as <span style=\"text-decoration: underline\"><a href=\"https:\/\/www.statista.com\/\" target=\"_blank\" rel=\"noopener\">Statista<\/a><\/span> , <span style=\"text-decoration: underline\"><a href=\"https:\/\/visitory.io\/\" target=\"_blank\" rel=\"noopener\">Visitory<\/a><\/span>, the <a href=\"https:\/\/www.unwto.org\/statistics\" target=\"_blank\" rel=\"noopener\">World Tourism Organization (UNWTO)<\/a>, <span style=\"text-decoration: underline\"><a href=\"http:\/\/visitfinland.stat.fi\/PXWeb\/pxweb\/en\/VisitFinland\" target=\"_blank\" rel=\"noopener\">Statistics Service Rudolf of Visit Finland<\/a><\/span> , <span style=\"text-decoration: underline\"><a href=\"https:\/\/www.lapland.fi\/category\/business\/facts-figures\/\" target=\"_blank\" rel=\"noopener\">House of Lapland<\/a><\/span> , and <a href=\"https:\/\/www.metsa.fi\/en\/outdoors\/visitor-monitoring-and-impacts\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline\">Mets\u00e4hallitus<\/span>.<\/a><\/p>\n<figure id=\"attachment_867\" aria-describedby=\"caption-attachment-867\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-867 size-full\" src=\"https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-scaled.jpg\" alt=\"Cloudeberries and duckboards\" width=\"2560\" height=\"816\" srcset=\"https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-scaled.jpg 2560w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-600x191.jpg 600w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-1280x408.jpg 1280w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-768x245.jpg 768w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-100x32.jpg 100w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-120x38.jpg 120w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-1536x490.jpg 1536w, https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2020\/11\/cloudberries_duckboards-2048x653.jpg 2048w\" sizes=\"auto, (max-width: 706px) 89vw, (max-width: 767px) 82vw, 740px\" \/><figcaption id=\"caption-attachment-867\" class=\"wp-caption-text\">Photo: Outi K\u00e4hk\u00f6nen<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p><strong>Task 1:\u00a0<\/strong>Read <strong style=\"font-size: 1rem\"><a href=\"https:\/\/www.waddensea-worldheritage.org\/sites\/default\/files\/2019_Key%20Market%20Trends.pdf\" target=\"_blank\" rel=\"noopener\">the report Tourism and Nature. Key Market Trends and Important Implications for SMEs<\/a>\u00a0 and the\u00a0 <a href=\"https:\/\/nationalparkvadehavet.dk\/media\/269111\/prowad-fact-sheets.pdf\" target=\"_blank\" rel=\"noopener\">Factsheet <\/a><\/strong><span style=\"font-size: 1rem\">prepared by\u00a0<\/span><span style=\"font-size: 1rem\">European Tourism Futures Institute (ETFI).<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><span style=\"font-size: 1rem\">Which trends do you recognize in your destination? <\/span><\/li>\n<li><span style=\"font-size: 1rem\">Do they affect your business?\u00a0<\/span><\/li>\n<li>Have you recognized any other trends?<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Task 2:\u00a0 <\/strong>Analyse your company and fill in your remarks in <span style=\"text-decoration: underline\"><a href=\"https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/files\/2022\/04\/PAN_SWOT-English_TourismABC.pdf\" target=\"_blank\" rel=\"noopener\"><strong>this SWOT template<\/strong> (pdf file)\u00a0<\/a> <\/span>online. Save it for yourself (click the arrow down, top right, Save with changes).<\/p>\n<p><strong>Read more about<\/strong><\/p>\n<p><strong>1. Various strategies<\/strong><\/p>\n<ul>\n<li>Finland\u2019s Tourism Strategy <a href=\"https:\/\/tem.fi\/en\/finland-tourism-strategy\" target=\"_blank\" rel=\"noopener\">https:\/\/tem.fi\/en\/finland-tourism-strategy<\/a><\/li>\n<li>Lapland Tourism Strategy (in Finnish only) <a href=\"https:\/\/arcticsmartness.eu\/wp-content\/uploads\/Matkailu_tilannekuvaraportti_web.pdf\" target=\"_blank\" rel=\"noopener\">Matkailu_tilannekuvaraportti_web.pdf (arcticsmartness.eu)<\/a><\/li>\n<li>Sustainable Tourism Strategy of Salla <a href=\"https:\/\/www.visitsalla.fi\/wp-content\/uploads\/2020\/12\/Sustainable-tourism-strategy-of-Salla_final.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.visitsalla.fi\/wp-content\/uploads\/2020\/12\/Sustainable-tourism-strategy-of-Salla_final.pdf<\/a><\/li>\n<li>Tourism Road Map Norway <a href=\"https:\/\/destinationcenter.org\/wp-content\/uploads\/2017\/12\/Tourism-Road-Map-Norway.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/destinationcenter.org\/wp-content\/uploads\/2017\/12\/Tourism-Road-Map-Norway.pdf<\/a><\/li>\n<\/ul>\n<p><strong>2. Trends and megatrends<\/strong><\/p>\n<ul>\n<li>SITRA 2021. <strong>Megatrends<\/strong>. <a href=\"https:\/\/www.sitra.fi\/en\/topics\/megatrends\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.sitra.fi\/en\/topics\/megatrends\/.<\/a><\/li>\n<li>Business Finland 2020. <strong>Trends and Signals of the Future of International Travel in Finland.<\/strong> <a href=\"https:\/\/www.businessfinland.fi\/49f2a2\/globalassets\/julkaisut\/visit-finland\/tutkimukset\/2020\/trends-and-signals-of-the-future-of-travel-2020.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.businessfinland.fi\/49f2a2\/globalassets\/julkaisut\/visit-finland\/tutkimukset\/2020\/trends-and-signals-of-the-future-of-travel-2020.pdf<\/a>.<\/li>\n<li>CBI 2021. <strong>Which trends offer opportunities or pose threats<\/strong> on the European outbound tourism market? <a href=\"https:\/\/www.cbi.eu\/market-information\/tourism\/trends\" target=\"_blank\" rel=\"noopener\">https:\/\/www.cbi.eu\/market-information\/tourism\/trends.<\/a><\/li>\n<li>Elmahdy, Y. M., Haukeland, J. V. &amp; Fredman, P. 2017. <strong>Tourism megatrends,<\/strong><br \/>a literature review focused on nature-based tourism. <a href=\"http:\/\/www.umb.no\/statisk\/ina\/publikasjoner\/fagrapport\/if42.pdf\" target=\"_blank\" rel=\"noopener\">http:\/\/www.umb.no\/statisk\/ina\/publikasjoner\/fagrapport\/if42.pdf.<\/a><\/li>\n<li>European Tourism Futures Institute (ETFI) 2019. <strong>Tourism and Nature. Key Market Trends and Important Implications for SMEs<\/strong>. <a href=\"https:\/\/www.waddensea-worldheritage.org\/sites\/default\/files\/2019_Key%20Market%20Trends.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.waddensea-worldheritage.org\/sites\/default\/files\/2019_Key%20Market%20Trends.pdf.\u00a0<\/a><\/li>\n<li>Lab8 Service Experience Laboratory 2019. 8 <strong>Food Travel Trends<\/strong> to Do Something About. <a href=\"https:\/\/www.haaga-helia.fi\/en\/current\/articles\/food-travel-trends\" target=\"_blank\" rel=\"noopener\">https:\/\/www.haaga-helia.fi\/en\/current\/articles\/food-travel-trends<\/a>.<\/li>\n<li>Lab8 Service Experience Laboratory 2019. <strong>7 Hospitality Eco Trends<\/strong>. <a href=\"https:\/\/www.haaga-helia.fi\/sites\/default\/files\/file\/2020-11\/lab8_hospitalityecotrends_2019.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.haaga-helia.fi\/sites\/default\/files\/file\/2020-11\/lab8_hospitalityecotrends_2019.pdf<\/a>.<\/li>\n<li>Lab8 Service Experience Laboratory 2021. <strong>The Future of Tourism<\/strong>. <a href=\"https:\/\/www.haaga-helia.fi\/en\/current\/news\/lab8s-brand-new-trend-report-presents-future-tourism\" target=\"_blank\" rel=\"noopener\">https:\/\/www.haaga-helia.fi\/en\/current\/news\/lab8s-brand-new-trend-report-presents-future-tourism<\/a><\/li>\n<li>Lapin Luotsi <strong>foresight<\/strong> site <a href=\"https:\/\/lapinluotsi.fi\/en\/\" target=\"_blank\" rel=\"noopener\">https:\/\/lapinluotsi.fi\/en\/.<\/a><\/li>\n<li>Luc Hoffman Institute 2021. The <strong>Future of Nature-based Tourism<\/strong>. Impacts of Covid-19 and Paths to Sustainability. <a href=\"https:\/\/luchoffmanninstitute.org\/wp-content\/uploads\/2021\/04\/luchoffmanninstitute-future-nature-based-tourism-report-2021.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/luchoffmanninstitute.org\/wp-content\/uploads\/2021\/04\/luchoffmanninstitute-future-nature-based-tourism-report-2021.pdf<\/a>.\u00a0<\/li>\n<li>Visit Finland 2021. <strong>Luxury in Finland<\/strong>. <a href=\"https:\/\/www.visitfinland.com\/luxury\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.visitfinland.com\/luxury\/.<\/a><\/li>\n<li>SKIFT 2021.<strong> The Rise of Transformative Travel<\/strong>. <a href=\"https:\/\/skift.com\/insight\/skift-trends-report-the-rise-of-transformative-travel\/\" target=\"_blank\" rel=\"noopener\">https:\/\/skift.com\/insight\/skift-trends-report-the-rise-of-transformative-travel\/.<\/a><\/li>\n<li><span class=\"TextRun BCX0 SCXW22466183\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW22466183\">Wolf<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">, I. D.<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">,<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">\u00a0A<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">insworth<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">\u00a0G. B. &amp;<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">\u00a0C<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">rowley<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">, J.<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">\u00a0<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">2017.\u00a0<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\"><strong>Transformative travel as a sustainable market niche for protected areas<\/strong>: a new development, marketing and conservation model<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">.\u00a0<\/span><\/span><span class=\"TextRun BCX0 SCXW22466183\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW22466183\">Journal of Sustainable Tourism\u00a025(4):1-24<\/span><span class=\"NormalTextRun BCX0 SCXW22466183\">.\u00a0<\/span><\/span><span class=\"TextRun BCX0 SCXW22466183\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW22466183\">\u00a0<\/span><\/span><a class=\"Hyperlink BCX0 SCXW22466183\" href=\"https:\/\/www.researchgate.net\/publication\/315942082_Transformative_travel_as_a_sustainable_market_niche_for_protected_areas_a_new_development_marketing_and_conservation_model\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined BCX0 SCXW22466183\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW22466183\" data-ccp-charstyle=\"Hyperlink\">https:\/\/www.researchgate.net\/publication\/315942082_Transformative_travel_as_a_sustainable_market_niche_for_protected_areas_a_new_development_marketing_and_conservation_model<\/span><\/span><\/a>.<\/li>\n<li>WelDest 2015. Developing a Competitive <strong>Health and Wellbeing<\/strong> Destination. <a href=\"https:\/\/www.globalwellnesssummit.com\/wp-content\/uploads\/Industry-Research\/Global\/2015-developing-a-competitive-health-and-wellbeing-destination.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.globalwellnesssummit.com\/wp-content\/uploads\/Industry-Research\/Global\/2015-developing-a-competitive-health-and-wellbeing-destination.pdf.<\/a><\/li>\n<\/ul>\n<p><strong>In Finnish:<\/strong><\/p>\n<ul>\n<li>TOPI &#8211; tulevaisuustutkimuksen oppimateriaali <a href=\"https:\/\/tulevaisuus.fi\/menetelmat\/toimintaympariston-muutosten-tarkastelu\/trendianalyysi-tulevaisuudentutkimuksen-menetelmana\/\" target=\"_blank\" rel=\"noopener\">https:\/\/tulevaisuus.fi\/menetelmat\/toimintaympariston-muutosten-tarkastelu\/trendianalyysi-tulevaisuudentutkimuksen-menetelmana\/<\/a><\/li>\n<li>Trendit ja ennakointi, reports compiled by Rural\u00a0 Finland <a href=\"https:\/\/ruralfinland.karelia.fi\/tutkimukset\" target=\"_blank\" rel=\"noopener\">https:\/\/ruralfinland.karelia.fi\/tutkimukset<\/a><\/li>\n<li>Visit Finland Mit\u00e4 on suomalainen luksusmatkailu <a href=\"https:\/\/www.businessfinland.fi\/49aac3\/globalassets\/julkaisut\/visit-finland\/vfluksusmatkailuesite_final.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.businessfinland.fi\/49aac3\/globalassets\/julkaisut\/visit-finland\/vfluksusmatkailuesite_final.pdf<\/a><\/li>\n<li>Transformative travel webinar (muutosmatkailu)\u00a0 <a href=\"https:\/\/www.youtube.com\/watch?v=uLILNzBk5hc&amp;feature=youtu.be&amp;ab_channel=RuralFinlandII\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=uLILNzBk5hc&amp;feature=youtu.be&amp;ab_channel=RuralFinlandII<\/a><\/li>\n<\/ul>\n<h2>Sources:<\/h2>\n<p>Business Finland 2021. Benchmark Report Developing Finnish Lapland as a year-round travel destination through outdoor activities <a href=\"https:\/\/www.businessfinland.fi\/497680\/globalassets\/julkaisut\/visit-finland\/tutkimukset\/2021\/benchmark-report-130421.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.businessfinland.fi\/497680\/globalassets\/julkaisut\/visit-finland\/tutkimukset\/2021\/benchmark-report-130421.pdf<\/a>.<\/p>\n<p>Cooper, C., Fletcher, J., Gilberg, D. &amp;\u00a0Wanhill, S. 1993. Tourism: Principles and Practice. Philadelphia, PA: Trans-Atlantic Publications.<\/p>\n<p>Encyclopaedia Britannica\u00a0 2021. Market. <a href=\"https:\/\/www.britannica.com\/topic\/market\" target=\"_blank\" rel=\"noopener\">https:\/\/www.britannica.com\/topic\/market<\/a>.<\/p>\n<p>Houston, K. 2013. Supply and Demand in Tourism.\u00a0 <a href=\"https:\/\/www.slideshare.net\/karenhouston125\/supply-and-demand-in-tourism\" target=\"_blank\" rel=\"noopener\">https:\/\/www.slideshare.net\/karenhouston125\/supply-and-demand-in-tourism<\/a>.<\/p>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":0,"template":"","meta":{"_initial_content":"","_new_post":false,"_quiz_has_questions":false,"_lesson_complexity":"easy","_lesson_length":0,"_lesson_course":321,"_lesson_preview":""},"lesson-tag":[],"class_list":["post-404","lesson","type-lesson","status-publish","hentry","module-operating-environment","post"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Markets and Trends - PAN - Phenomena of Arctic Nature<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogi.eoppimispalvelut.fi\/phenomenaofarcticnature\/lesson\/markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets and Trends - PAN - Phenomena of Arctic Nature\" \/>\n<meta property=\"og:description\" content=\"In this lesson, you learn to assess the markets you are operating in. 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