From Lived Experience to Visitor Loyalty: The Mediating Role of Perceived Value in Cultural Festivals
DOI:
https://doi.org/10.25145/j.pasos.2026.24.052Keywords:
experiential perceptions, motivations; visitor loyalty, mediation, perceived value, satisfaction, cultural festivals, World Heritage Site, PLS-SEM, SOR modelAbstract
This study examines how festival attendees' experiential perceptions and motivations influence perceived value, satisfaction, and loyalty, while incorporating the analysis of the mediating role of these variables. The case study focuses on the 2024 Córdoba International Flower Festival. Drawing on the Stimulus-Organism-Response (SOR) model, a quantitative approach was implemented through a survey (n=774) and a partial least squares structural equation modelling (PLS-SEM) methodology. The findings reveal that experiential perceptions significantly affect perceived value and satisfaction, although they do not exert a direct influence on loyalty. Satisfaction emerges as the main determinant of visitor loyalty, whereas perceived value operates as a full mediator between motivations and satisfaction. These results contribute to advancing academic knowledge on cultural festivals and provide practical insights for event managers in the design of sustainable and memorable visitor experiences, with relevant implications for the safeguarding of intangible cultural heritage.
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- PASOS. Revista de Turismo y Patrimonio Cultural
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- Instituto Universitario de Investigación Social y Turismo. Universidad de La Laguna (España) - Instituto Universitario da Maia ISMAI (Portugal)
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