Brand equity and consumer buying behavior: Determinants of intentions to visit- tourism destinations in Cavite, Philippines
Cavite State University- Indang, Cavite, Philippines, De la Salle College of Saint Benilde- Taft, Manila, Philippines.
Research Article
World Journal of Advanced Research and Reviews, 2024, 21(01), 525–542
Article DOI: 10.30574/wjarr.2024.21.1.0007
Publication history:
Received on 25 November 2023; revised on 02 January 2024; accepted on 05 January 2024
Abstract:
By highlighting the four dimensions that constitute brand equity, and the four factors that influence the selection and decisions of consumers, this research aimed to assist tourist destination owners and managers in creating a brand and knowing their target market and their preferences when it comes to spending their money. The descriptive correlational and comparative methods were employed on 339 BSTM students during the first semester of SY 2022-2023. This study revealed that majority of the guests were female, young, with a family earning above minimum wage in a month, and living in the urban areas of Cavite. Perceived quality and Psychological factors came out to be the most dominant factors they considered in visiting tourist destinations. There is no significant difference in the perceived brand equity when grouped according to their demographic profile. There is no significant difference in the respondents’ buying behavior when grouped according to their demographic profile. There is a significant relationship between perceived brand equity and buying behavior. This study recommends that a step-by-step approach should be used, from identifying who the brand is to emphasizing its points of uniqueness and user profile. Customers may therefore positively assess and develop a link that will lead to an enduring and unbreakable bond, which shapes and impacts their purchasing decision. The analysis of this study concludes that Tourism Destinations in Cavite with higher levels of brand equity would generate higher levels of customer visits. Also, consumer buying behavior was associated with more willingness to visit a destination.
Keywords:
Brand Equity; Consumer Buying Behavior; Cvsu College Students; Tourism Destinations
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0