Search

Central Bank Digital Currency (CBDC) is a digital asset backed to fiat currencies issued and regulated by reputable national financial institutions. Bearing in mind accelerating developments in financial technology and CBDC, this study explored tourists' adoption of CBDC as a payment method by focusing on the relationship between attitudes, subjective norms, perceived behavioral control, mass media coverage, fear of missing out relative advantages, and perceived risk. A socio-psychological theory was utilized as a theoretical framework. The survey data were collected from China, Korea, and the US. The proposed framework strongly supported Digital Korean Won and Digital Yuen. [ABSTRACT FROM AUTHOR]

This study explores consumers' perceptions of different payment methods (mobile, traditional and cryptocurrency) for hotels and tourism in an international destination, based on the technology acceptance model (TAM). Taking a quantitative research approach, data collected from China and Korea were analyzed using structural equation modeling. The results show that Chinese and Korean consumers' perceived usefulness, ease of use, and security differ with different payment methods. The findings also reveal different underlying mechanisms that determine Chinese and Korean consumers' intention to visit a destination based on their choice of payment method. This study provides a theoretical basis for future research on crypto-payments and offers pragmatic recommendations for professionals in the hospitality and travel industry in light of the attitudes and intentions of the two countries towards the three payment methods. • Customers' perceptions of three different payment methods in the hospitality and tourism industry are examined. • Chinese and Korean consumers display some differences in their responses to different payment methods. • The technology acceptance model (TAM) was used as a theoretical base. • Security, ease of use, and usefulness were of importance in building customers' intention to visit a destination. [ABSTRACT FROM AUTHOR]

• This research examines Chinese traveler word-of-mouth behavior for Korean restaurants. • The essential role of spatial and human crowdedness is uncovered. • The important moderating nature of perceived time pressure is notable. • Image, emotions, and satisfaction are the important drivers of word-of-mouth behaviors. This study aimed to examine the perceived crowdedness (Human, Spatial), emotions, customer satisfaction, and WOM intentions relationships while visiting a crowded restaurant in Korea. Additionally, it estimated the potential moderating role of perceived time pressure on the proposed structural model. The obtained cross-sectional survey data was evaluated and validated utilizing a systematic analysis process. The results indicated both significant and insignificant relationships of spatial crowdedness and human crowdedness to generate positive and negative emotions. It also determines the critical role of perceived time pressure in moderating the relationship between satisfaction and WOM intentions. The implications for marketing managers and future research directions in restaurants were also discussed. [ABSTRACT FROM AUTHOR]