Operationalises perceived value for tourism purchases as a five-dimensional construct. Functional value of service quality captures the travel agent or provider's reliability and competence; functional package quality captures the tangible quality of the tourism product itself (accommodation, transport, excursions); functional price captures the economic value-for-money assessment; Emotional value captures the pleasurable feelings generated by the tourism experience; Social value captures how the travel choice enhances social image and signals status to reference groups. The GLOVAL model demonstrates that emotional and social value dimensions have direct and substantial effects on tourist satisfaction and loyalty independent of functional value.
Likert (1–7, strongly disagree to strongly agree)
Functional Value — practical and economic worth (Likert 1–7, strongly disagree to strongly agree)
Emotional Value — affective worth
Social Value — social image and interpersonal worth
Epistemic Value — novelty and curiosity satisfaction
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Five subscale scores. Emotional value is the strongest predictor of satisfaction and loyalty — reinforcing the primacy of affective response in tourism consumption. Functional price value is most salient in budget and mass-market tourism segments; Social value is most relevant for luxury and prestige tourism. The GLOVAL framework has been applied in cruise, hotel, and cultural tourism research.
Sanchez, J., Callarisa, L., Rodriguez, R.M., & Moliner, M.A. (2006). Perceived value of the purchase of a tourism product. Tourism Management, 27(3), 394–409.
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