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An Integrative Reference-Dependent Framework of Tourist Satisfaction

Gains, Losses, and Motivational Moderators of Behavioral Intentions

Bibliographic Data

ID21652840
AuthorsHyojun Jung (0009-0008-1147-4451, Virginia Tech), Juan L Nicolau (0000-0003-0048-2823, Virginia Tech, corresponding author)
Year2025
Publication date2025-10-16
Open AccessYes
TypeARTICLE
VenueJournal of Hospitality & Tourism Research (JOURNAL)
Journal identifiersISSN: 1096-3480 • E-ISSN: 1557-7554
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/10963480251391398
OpenAlexW4415245092
LanguageEN
Citations received1
References cited60

While satisfaction, motivation, revisit intention, and recommendation intention have been extensively studied in tourism research, existing models overlook the role of reference dependence in shaping tourist behavior. This study applies prospect theory and social comparison theory to analyze how satisfaction gains and losses influence behavioral intentions within a reference dependence framework, emphasizing the moderating role of travel motivations. Using a large-scale dataset of 106,504 foreign tourists visiting South Korea (2007–2023), findings reveal that the relationships between relative satisfaction and revisit and recommendation intentions are asymmetrical and reference-dependent, with reference points derived from travel motivations. Notably, loss aversion appears consistently across both revisit and recommendations intentions and certain travel motivations exhibit different degrees of loss aversion patterns. By integrating behavioral economics with motivational psychology, this study contributes to understanding how relative satisfaction, evaluated as gains and losses rather than absolute satisfaction levels, shows asymmetric associations across different motivations in relation to behavioral intentions

Behavioral economics · Loss aversion · Prospect theory · Social comparison theory · Tourism · Consumer Behavior in Brand Consumption and Identification · Digital Marketing and Social Media · Diverse Aspects of Tourism Research

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Citations per year1
Citation span2026 - 2026 (1)
Highly citedNo

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