Exploring opportunities for food services marketing in condominiums : a conjoint analysis approach / Karl Justeen C. David; Nikko L. Laorden, adviser

By: Contributor(s): Material type: TextTextPublication details: 2016Description: 54 leavesSubject(s): Abstract: Davao City, one of the fastest growing economies in the Philippines has seen an increase in the development and demand of condominiums in recent years. Current trends in other major cities worldwide include the integration of food service and food distribution channels within condominium projects. This study explores the potential for food marketing within condominiums using conjoint analysis, cluster analysis, and logistic regression. The study gathered 200 responses for a survey encompassing socio-demographic profiles, consumer preferences, as well as 18 plan cards (unique condominium attribute combinations) the respondents were tasked to rate from 1-10. Results showed that most potential condominium buyers are career-driven people of age 20-40, with relatively high monthly incomes. Of the 200 respondents, 90.5% preferred condominiums with in-house food services. The conjoint process shows that there is a positive relationship between a condominium?s marketability and presence of in-house food services (9.344%), however, it should be noted that primary attributes like furnishing level score higher importance values (26.035%). Cluster analysis reveals 2 distinct consumer groups: the ?United-Focused? cluster that focuses largely on unit-specific attributes and the ?Meticulous? cluster that pay relatively more even attention to secondary attributes like integrated food services. A binary logit analysis shows that respondents who are married, have relatively large households, and eat out because of better food quality are more likely to be ?Meticulous? buyers, hence pay more attention to a condominium's in-house food channels and other amenities. Condominium developers and the food service sector may capitalize on this opportunity, but food-integrated condominium offerings should be tailored to married, food-cautious buyers and those that live highly urban lifestyles.
List(s) this item appears in: BS Agribusiness Economics
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Thesis Thesis University Library Theses Room-Use Only LG 993.5 2016 A3 D38 (Browse shelf(Opens below)) Available 3UPML00019538
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Thesis (BS Agribusiness Economics)-- University of the Philippines Mindanao, June 2016

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Davao City, one of the fastest growing economies in the Philippines has seen an increase in the development and demand of condominiums in recent years. Current trends in other major cities worldwide include the integration of food service and food distribution channels within condominium projects. This study explores the potential for food marketing within condominiums using conjoint analysis, cluster analysis, and logistic regression. The study gathered 200 responses for a survey encompassing socio-demographic profiles, consumer preferences, as well as 18 plan cards (unique condominium attribute combinations) the respondents were tasked to rate from 1-10. Results showed that most potential condominium buyers are career-driven people of age 20-40, with relatively high monthly incomes. Of the 200 respondents, 90.5% preferred condominiums with in-house food services. The conjoint process shows that there is a positive relationship between a condominium?s marketability and presence of in-house food services (9.344%), however, it should be noted that primary attributes like furnishing level score higher importance values (26.035%). Cluster analysis reveals 2 distinct consumer groups: the ?United-Focused? cluster that focuses largely on unit-specific attributes and the ?Meticulous? cluster that pay relatively more even attention to secondary attributes like integrated food services. A binary logit analysis shows that respondents who are married, have relatively large households, and eat out because of better food quality are more likely to be ?Meticulous? buyers, hence pay more attention to a condominium's in-house food channels and other amenities. Condominium developers and the food service sector may capitalize on this opportunity, but food-integrated condominium offerings should be tailored to married, food-cautious buyers and those that live highly urban lifestyles.

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