Tag: Business

Business Archives - Maptitude Learning Portal

Business

Maptitude Learning Portal articles tagged with Business

How to Perform Spatial Segmentation Analysis?

You can perform Spatial Segmentation Analysis by using GIS mapping software and geodemographics. Spatial segmentation analysis is a powerful method for businesses to gain actionable insights into their markets by combining demographic and psychographic data with advanced geoanalytics tools. Using software like Maptitude and its segmentation tools, companies can uncover hidden patterns in large datasets …

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How to Identify Target Zones for Expansion

To identify target zones for expansion, you can use market targeting mapping software. Market targeting is a strategy used by businesses that have a deep understanding of their customer base. This approach relies on identifying customer traits and linking them to data sets for actionable insights. For example: An established restaurant may know its core demographic …

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How to Measure Hotel Market Share using the Huff Model in Maptitude

This article explores how hotels can be used to measure tourism attractiveness. We do this by establishing the size of the trade area of each community based on the number of lodging opportunities in competing towns. To complete this analysis, we use Maptitude Mapping Software. Why do a Trade Area Analysis? A trade area analysis provides …

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How Do I Calculate Market Share for Three or More Brands?

You can calculate market share for three or more brands by using sales mapping software. You can create a multiple brand Market Share analysis using the Huff Gravity model to compare three or more sets of competing locations by any area (postal/ZIP codes, political/administrative/territory boundaries, etc.). The analysis will estimate the market share for all sets …

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