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Luxury tourism and purchase intention factors: a mixed approach applied to luxury goods

Business

Luxury tourism and purchase intention factors: a mixed approach applied to luxury goods

E. Gil-cordero, P. Ledesma-chaves, et al.

This research delves into the pivotal factors driving purchase intention for luxury goods amidst the evolving tourism landscape post-pandemic. Conducted by Eloy Gil-Cordero, Pablo Ledesma-Chaves, Sunghoon Yoo, and Heesup Han, the study uncovers vital determinants such as price, vanity, communication, and social influence, providing invaluable insights for consumer behavior in luxury markets.

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Playback language: English
Abstract
This research explores the key drivers of purchase intention for luxury goods in the new tourism era after the pandemic via constructs associated with the behavior of tourist consumers of luxury goods and the business strategy regarding them. The mixed methodology allowed for a twofold objective with the investigation of purchase intention to clearly establish what the most important determinants that affect purchase intention are, and, secondly, to determine to some extent the order, importance, and combination of these determinants. The PLS-SEM demonstrated price, vanity, communication, and social influence as increasing purchase intention. The QCA analysis evidences value and vanity as the necessary conditions for intention.
Publisher
Humanities and Social Sciences Communications
Published On
Aug 03, 2023
Authors
Eloy Gil-Cordero, Pablo Ledesma-Chaves, Sunghoon Yoo, Heesup Han
Tags
purchase intention
luxury goods
tourism
consumer behavior
post-pandemic
determinants
business strategy
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