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The purpose of this study was to examine the effects of cultural tourism festival's experiential elements on Brand equity and Satisfaction by applying the experience economy theory of Pine & Gilmore. The object of this study was the participants of Boryeong mud festival. 200 questionnaires were distributed and 194 collected questionnaires were analyzed with SPSS and AMOS. The analysis of this research carried on the effects of cultural tourism festival's experiential elements on Brand equity and Satisfaction. SPSS was applied for the basis statistics analysis and AMOS for the structural model and verification of the hypothesis. The results of this study are summarized as follows. First, 4Es of culture tourism festival have a significant effect on brand image. Second, educational and esthetic experience has a significant effect on perceived quality. Third, the brand image and perceived quality have a significant effect on satisfaction. Therefore, this study suggests the importance of a positive image building when you plan a culture and tourism festival.