The investigation of relationships between perceived value and revisit intention: A study on five star hotels

Perceived value is the post purchase judgments of the customers? according to the price of goods or services paid. Accordingly, the customers go through an assessment process in which they think whether the product or the service bought is worth the money paid and time spent. As a result of their assessments, the higher perceived value (quality, price, emotional and social value) of the customers, the higher repurchase intentions the customers will more likely to have (in the tourism context, revisit intentions). Perceived value is a significant indicator whether the tourists may revisit a destination in the future. For that reason, repeat visitors may provide invaluable data to the business in the scope of the evaluation of destination marketing. Moreover, it was proved that the higher the perceived value of the customers the higher the revisit intention the customers have. In addition, it was determined that if the tourists have high levels of revisit intention, they may recommend the destination to their friends, relatives and the other whom that they interact with. The purpose of this study is to determine the brand awareness and perceived value levels of the guests staying in five-star thermal hotels along with the determination of the revisit intentions of the guests. In addition, it was aimed to determine the effect of perceived value level of the guests on their revisit intention. The participants? distribution was depicted by frequency and percentage method by their demographic and some of the individual characteristics. Moreover, perceived value levels and the re-visit intentions of the arithmetic mean and the standard deviation of the values were calculated and interpreted. In addition to that, the relations between the perceived value and re-visit the intentions were analyzed by chi-square tests, correlation and regression method. It was found out that the perceived value has a strong effect on revisit intention. Key Words: Perceived Value, Revisit Intention, Five-Star Hotels, Afyonkarahisar