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Extensions on the conceptualization of customer perceived value: insights from the airline industry

Thomas Mayr (Institute for Tourism and Leisure Studies, University of Economics and Business, Vienna, Austria)
Andreas H. Zins (Professor in the Department of Tourism and Hospitality Management, MODUL University, Vienna, Austria)

International Journal of Culture, Tourism and Hospitality Research

ISSN: 1750-6182

Article publication date: 5 October 2012

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Abstract

Purpose

The purpose of this paper is to test and compare different conceptual approaches for perceived value in a service context.

Design/methodology/approach

Perceived value is an outcome construct that results from various benefits received and sacrifices devoted to achieve a particular exchange of a service. The paper compares three different modeling approaches (Type 1, Type 2, and Type 4) for perceived value using data from an in‐flight survey. The questionnaire covered topics such as perceived service quality and overall satisfaction, price perception, customer value, and customer retention.

Findings

The theoretical discussion repeatedly emphasizes that only the formative modeling of perceived value fits the arguments put forward in the existing literature. This study replicates and extends a study by Lin et al. in the airline service context. The paper reports details about the impact of the proposed seven “get” and “give” components, together with an analysis of the consequences perceived value has on satisfaction, loyalty, and word‐of‐mouth.

Research limitations/implications

The findings suggest extensions and improvements concerning measurement and conceptual issues.

Practical implications

Perceived value shows a substantial effect on behavioral consequences. Service operations must observe the perception of atmospherics emerging from the main service encounters next to considering functional aspects.

Originality/value

Misconceptualizations of multi‐item constructs are well known. However, critical discussions and empirical tests are still scarce in the tourism field. This paper tests and compares different conceptual approaches for perceived value in a service context.

Keywords

Citation

Mayr, T. and Zins, A.H. (2012), "Extensions on the conceptualization of customer perceived value: insights from the airline industry", International Journal of Culture, Tourism and Hospitality Research, Vol. 6 No. 4, pp. 356-376. https://doi.org/10.1108/17506181211265086

Publisher

:

Emerald Group Publishing Limited

Copyright © 2012, Emerald Group Publishing Limited