14 research outputs found

    Examining Price Perceptions of State Parks' Dual-Pricing Practice with Prospect Theory

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    The purpose of this study was to gain a better understanding of tourists’ reactions towards differential pricing practices in the tourism industry. Specifically, guided by prospect theory, the study examined how valence framing, a price-framing tactic, affected price-related perceptions (i.e., perceived price, perceived fairness and perceived value). Moreover, this study investigated the moderating roles of four factors (price magnitude, composite price, familiarity with price practices, and involvement) in the valence framing effects. Based on prospect theory, a conceptual framework was proposed for this study. A hypothetical scenario-based experiment approach was utilized to examine the proposed model. Three independent variables (i.e., valence framing, price magnitude, and composite price) were manipulated in scenarios, and familiarity and involvement were measured as covariates. A 2 (valence framing: positive framing vs. negative framing) by 2 (price magnitude: high vs. low) by 2 (composite price: high vs. low) experiment was conducted online. Participants were randomly assigned to one of the eight scenarios and a total of 351 participants were recruited from the Amazon’s Mechanical Turk. The results revealed a significant main effect of valence framing on perceived fairness, a significant interaction effect on perceived price between valence framing and price magnitude, and a significant interaction effect on perceived value between valence framing and price magnitude. Although no interaction effect was found between valence framing and familiarity and involvement, main effects of familiarity and involvement were found on perceived price, perceived fairness and perceived quality. Results provide both theoretical and practical implications for public tourism organizations in terms of differential pricing strategies based on visitors’ residence

    Examining Chinese Non-cruisers' Images and Constraints towards Cruising

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    This study examined Chinese non-cruisers’ images and constraints towards cruising. Seven hypotheses were proposed to explore the relationships among images of cruising, cruise constraints, desire, intention and socio-demographics. Both qualitative and quantitative methodologies were utilized. Based on the literature review, semi-structured interviews were first conducted to determine measurement items for constructs of interest. A convenience sample was then used to collect quantitative data for testing the proposed hypotheses. Factor analysis involved three scales including affective images of cruising, cognitive images of cruising and cruising constraints. Two factors, positive images and negative images, were found in the scale of cognitive images of cruising, and five factors – intrapersonal constraints, not an option, structural constraint, time constraints and psychological constraints – resulted from the scale of cruising constraints. However, no dimension resulted in the scale of affective images of cruising. Among the seven tested hypotheses, five of them were supported and two were rejected by the data. The results showed that: 1) images of cruising were negatively correlated with cruising constraints; 2) images of cruising had positive effects on desire to cruise; 3) cruising constraints had negative effects on both desire and intention; 4) demographics variables had no significant effects on either images of cruising or cruising constraints. Based on the results of this study, both theoretical and practical implications were suggested, and directions for future research were recommended
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