Convention attendees value opportunities for
education and social networking more highly than features relating
to the convention site itself, according to Dr Jinsoo Lee of the
School of Hotel and Tourism Management (SHTM) at The Hong Kong
Polytechnic University and a co-author.
In a recently published article, the researchers
identify the sensitivity of attendees to a multidimensional
conceptualisation of value. The ultimate objective, they note, is
to provide suggestions for convention planners on how best to
cultivate attendees who are sensitive to not only functional value
but also emotional and social value, thus generating loyalty and
additional profit.
How customers perceive the value of goods and
services is an important issue because such perceptions are
closely related to “customer loyalty and profit”, thus providing a
“sustainable competitive advantage” for provider. However, the
researchers argue that our understanding of this issue is too
narrowly focused on functional or economic value, such as whether
the service offers value for money. They suggest, in the context
of convention attendance, that value should instead be considered
multidimensional, covering social and emotional as well as
functional value.
The first dimension, emotional value, is
particularly important for assessing the value that attendees gain
from conventions, suggest the researchers, because attendees are
“excited and pleased to learn and exchange knowledge”. The second
dimension, social value, is significant because opportunities to
“develop social networks and gain peer recognition” are important
motivations for convention attendees. The third dimension,
functional value, while seeming to be of less significance is
still relevant, with the researchers explaining that the
cost of attending conventions can be high. Value for money is an
important part of the decision to attend.
To investigate the plausibility of their
multidimensional perspective, the researchers surveyed attendees
at three international academic conventions held at the COEX
Convention and Exhibition Centre in Seoul, South Korea, one of the
leading convention facilities in the region. Their objective was
to explore the “motivators, facilitators, and inhibitors” of
convention attendance in a broad cross-section of academic and
industry attendees.
The attendees were asked to rate the convention
quality according to the three aspects of multidimensional value:
emotional, social and functional. They were also asked to rate the
extent to which another six dimensions influenced their
perceptions of multidimensional value: accessibility in terms of
time and convenience; extra-convention opportunities such as
entertainment and shopping; the site environment, including the
climate and hospitality; social networking; professional
education; and staff service. Importantly for convention
organisers, the attendees were finally asked about their
intentions to revisit or to recommend the convention to others.
More than 65% of the respondents were academics,
and the remainder worked in industry. Only around a third of the
total were female, and the largest single age group was 36-45
years. Statistics that should be of particular interest to
convention organisers are that 43% of the attendees had been to
the same event between 2 and 5 times, and 19% had attended more
than six times.
The researchers categorise the attendees into
groups with low, medium and high sensitivity to multidimensional
value according to how they rated the importance of the value
three dimensions. Looking at whether the groups differed in terms
of demographic characteristics, they show that there were more
doctoral degree holders among the group highly sensitive to
multidimensional value than the other groups, mainly because there
were more academics in that group. It seems, then, that the
academics were more likely to rate the value of all three
dimensions higher than were the industry attendees.
Between 33% and 46% of attendees in each group
were attending the convention they were interviewed at for the
first time. However, those in the groups with medium and high
sensitivity to multidimensional value were more likely to have
attended more than eight times. In other words, regular attendees
rated the emotional, social and functional benefits higher than
less regular and first-time attendees.
The researchers also identify which of the
various factors that best distinguished the groups with low,
medium and high sensitivity to multidimensional value. Functional
value, such as value for money, was the most important factor in
all three groups, suggesting that convention attendees relied more
on “cognitive, economic evaluation of what they received and what
they paid” when judging multidimensional value. First-time
attendees were more sensitive to “value for money” than to
emotional and social values, presumably because they had “no prior
experience with and less attachment to” the convention.
Convention-specific dimensions of quality, such
as educational and social networking opportunities, better
explained the three groups than site-specific dimensions, such as
the site environment, extra-convention opportunities and
accessibility. The researchers note that the attendees placed more
emphasis on education and networking opportunities than on the
quality of the site when judging the value of the convention.
However, those with high sensitivity to multidimensional value
rated both the convention-specific and site-specific dimensions
higher than those with the lowest sensitivity to multidimensional
value.
Word of mouth distinguished between the groups
better than their stated intention to revisit, observe the
researchers. Those attendees highly sensitive to multidimensional
value were more likely to report that they would be willing to
“spread positive word of mouth communication”, whereas attendees
with low sensitivity to multidimensional value were more likely to
provide negative referrals.
The researchers suggest that word of mouth is a
“more reliable and powerful” indicator of how people will act,
because those who state that they intend to revisit may do for
reasons other than genuine loyalty. That is, they may intend to
revisit because there is no alternative, or because finding an
alternative would be too costly.
The researchers suggest that convention
organisers should pay particular attention to providing
opportunities for “professional education and social networking”
because these features are the most highly valued by attendees.
For example, they could “assign volunteer greeters and connectors
to each session” to maximise networking opportunities. Speakers
could also be asked to generate networking opportunities, such as
by arranging brainstorming sessions in small groups.
To improve educational opportunities, speakers
could be encouraged to “clarify learning outcomes and identify
teaching formats”, the researchers state. Collecting feedback
could be helpful in evaluating whether learning outcomes have been
achieved, and identifying whether “specific changes could produce
more relevant and rewarding learning opportunities”. The
researchers also suggest that there is little point selecting a
convention site that exceeds expectations, because site features
have little influence on attendees’ value perceptions.
The researchers conclude that attendees more
sensitive to multidimensional value “are a highly profitable
attendee group for convention organisers” because they are more
likely to provide positive recommendations, attend more frequently
and evaluate the convention more favourably. In contrast,
attendees less sensitive to multidimensional value provide little
benefit to convention organisers because they are more likely to
perceive the convention negatively and are unlikely to return.
Hong Kong,
SHTM,
PolyU
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