Emotional Value in Experiential Marketing: Driving Factors for Sales Growth – A Quantitative Study from the Eastern Coastal Region
Year: 2024
Type: article
Study design: Observational Study
Abstract: This quantitative research investigates the impact of perceived emotional value in luxury experiential marketing, particularly its influence on the likelihood of repeat purchases. Conducted quantitatively in Shanghai, a city in the Eastern coastal region of China, the research collected data from 206 customers who purchased luxury goods. The findings show a significant positive correlation between customers' perception of emotional value and the likelihood of repeat luxury purchases. Customer satisfaction plays a crucial mediating role in linking customers' perception of emotional value to the likelihood of repeat purchases, while gender does not moderate this relationship. These results underscore the importance of integrating diverse emotional value services into smart marketing strategies. By doing so, businesses can not only enhance customer satisfaction but also significantly improve overall luxury sales performance. This research emphasizes the strategic value of nurturing meaningful customer experiences, thereby strengthening market presence and competitiveness in the dynamic luxury business environment.
Authors: Chi Li, Yingda Tang
Institutions: Yunnan University, University of California, Los Angeles
Language: English
Subfield: Marketing
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4402888255