Professional Documents
Culture Documents
Bangladesh
A new generation, Gen Z, is beginning to exert its influence on the consumer behaviors, making
waves across all industries including food and beverage. It’s essential for food and beverage
companies to better understand their purchasing behaviors in order to help position their
customer’s marketing efforts for success.
Eating Out
One of the more interesting points for food and beverage industries is that this lack of interest
in alcohol, sugary drinks, fat related food items means that Generation Z’s disposable income is
probably to be spent on eating out than preceding generations. This may well mean that our
food and beverage industry as well as the cafe and restaurant will have positive impact in the
coming years.
Here are a few ways Gen Z consumers are driving changes in the food and beverage industry in
Bangladesh:
Generation Z consumers are more likely to choose a product based on how it tastes or
performs instead of its brand, giving food and beverage industry a considerable challenge
in winning over this demographic.
Generation Z consumers are more willing to pay for products that deliver on their taste,
nutrition and convenience expectations. They are willing to seek more premium products
that give them the replenishment they need throughout the day.
3. Redefining mealtimes :
Snacking is no longer considered a guilty pleasure occasion for junk food. Younger
consumers such as those in Generation Z are more likely to view snacking as part of their
daily meal intake and use it as an opportunity to gain nutritional boosts rather than just
empty calories.
4. Ordering online :
Using online services to do things like purchase groceries and order food through delivery
services is second nature to Generation Z consumers, who grew up with the Internet,
whereas older generations are less interest to require advantage of those digital
capabilities.
Generation Z equates clean eating with an improved quality of life. They are also more likely
to buy from brands that use ingredients that are sourced sustainably or locally and are
transparent about how and where their products are produced.
The impact of Generation Z on accommodation industry in
Bangladesh
Book travel :
When it comes to travel, Generation Z who may be too young to book travel themselves
that has a positive impact and can make growth in Bangladesh accommodation industry
day by day.
Generation Z have a great deal of influence on where their families go on vacation, and
even the hotels or resorts they will stay at that will impact to Increase Bangladesh
accommodation industry.
Inspired by what generation Z sees on social media about accommodation sector, they
usually create their decisions based on the picture and videos on their newsfeeds that
has impact on accommodation industry highly in Bangladesh.
With so much travel-related information readily available, Generation Z are looking for
more unique travel opportunities that go above and beyond the traditional vacation.
One of the main reasons for doing so, is to make their lives look more interesting and
exciting on social media or website or apps that operated by accommodation sector,
which can be achieved by visiting unusual or unique locations.
Shared Living Spaces: Now luxury, upscale and mid-scale accommodation properties have
come up with communal rooms with shared living spaces to cater to the generation Z need to
socialize. Hotels are progressively eliminating traditional lobbies in favor of open, communal
area to require full advantage of a property’s views and surroundings. For this reason, now
accommodation companies have partnered with shared economy service providers such as
travel agency, tour operator to enable generation Z’s stay into a vacation.
Loyalty Programs: When it comes to loyalty programs, generation Z want unique benefits
that can be accessed fast using modern technology such as the latest apps linked to social
media. Thinking that generation Z are not loyal to a brand is a misconception — they like brands
that align with their values, needs and preferences. That has a positive impact on
accommodation industry.