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What drives tourist satisfaction in Montenegro: the role of tangible and intangible elements

Stanovčić, Tatjana; Moric, Ilija; Pekovic, Sanja; Perović, Đurđica (2014-10), What drives tourist satisfaction in Montenegro: the role of tangible and intangible elements, in Mehic, Eldin, 7th International Conference of the School of Economics and Business Conference Proceedings, University of Sarajevo, School of Economics and Business : Sarajevo, p. 363-363

Type
Communication / Conférence
Date
2014-10
Conference title
7th International Conference of the Faculty of Economics Sarajevo (ICES 2014)
Conference date
2014-10
Conference city
Sarajevo
Conference country
Bosnie-Herzégovine
Book title
7th International Conference of the School of Economics and Business Conference Proceedings
Book author
Mehic, Eldin
Publisher
University of Sarajevo, School of Economics and Business
Published in
Sarajevo
ISBN
978-9958-25-093-4
Number of pages
V-379
Pages
363-363
Metadata
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Author(s)
Stanovčić, Tatjana

Moric, Ilija

Pekovic, Sanja

Perović, Đurđica
Abstract (EN)
Providing high quality experience for the tourists is seen as a key strategic objective in contemporary tourism development. In fact, the quality of experience has been considered as a tool for increasing destination competitiveness. Montenegro as tourist destination is committed to achieving tourists' satisfaction where main focus should be given to the analysis of the key determinants of tourist satisfaction. Tourism products and sendees need to match tourists' expectations, in order to achieve their satisfaction. However, it is not enough to analyze his/her satisfaction, measured on an ordinal scale (very satisfied, satisfied, not satisfied), but to analyze the factors and their interrelationships in the process of the tourist satisfaction for a better understanding of the consumer psychology, as well. Given the importance of tangible and intangible elements of tourism product, the objective of our paper is to empirically examine whether tangible and intangible elements of Montenegrin tourism product influence differently tourist satisfaction. In doing so, we use data from the Montenegrin survey called Guest Survey 2010. The main objective of the survey is to obtain representative view regarding tourist travel behavior and satisfaction during their stay in Montenegro. Working on sample of 740 tourists, our results reveal that both tangible and intangible elements improve tourist satisfaction.
Subjects / Keywords
Intangible elements; Tangible elements; Tourist satisfaction
JEL
D12 - Consumer Economics: Empirical Analysis
L83 - Sports; Gambling; Restaurants; Recreation; Tourism

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