Air Travel Market Segmentation at Travel

Air Travel Market Segmentation. Historically, airlines have segmented passengers into two discrete categories which are based on the purpose for travel: Global leisure travel market was valued at us$ 4,405.5 bn in 2021 and is projected to reach us$ 6,347.8 bn by 2027.

Airlines
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Airlines, on the other hand,. Offer a complete range of products to serve all market segments. Historically, airlines have segmented passengers into two discrete categories which are based on the purpose for travel:

Airlines

Gray (1995) investigated the short haul business air travel market using a benefit segmentation approach. Each segment must be unique, have common needs, and respond in a similar manner to marketing efforts. We are talking millennials vs baby boomers, singles vs young families, affluent vs the budget or, perhaps, value conscious. However, should there be a recession, money belts are tightened, and less leisure trips may be taken.