Traditional Culture Encyclopedia - Tourist attractions - Can price tolerance be used as an indicator of tourist loyalty?

Can price tolerance be used as an indicator of tourist loyalty?

Yes Price tolerance can be used as one of the indicators of tourist loyalty, but it is not the only indicator. Price tolerance is influenced by tourists' economic strength, willingness to pay, values and other factors. When tourists feel that the price they pay is lower than the expected value, they will increase their loyalty to the destination, brand or service provider. Tourist loyalty refers to tourists' high satisfaction and loyalty to a specific destination, brand or service provider, while price tolerance refers to the gap between the highest price that tourists can accept and the actual price when purchasing tourism products or services.