Conclusions
Viewing a destination as a brand, this study applies the perceived brand value concept from the branding literature in explaining the destination loyalty of Chinese millennial tourists, whose behaviors are unique and influential on the Chinese and the international marketplaces. It provides empirical evidence that highlights the effects of their perceived values of the destination brand on their destination brand loyalty (i.e. their revisit and recommendation intentions). Specifically, three dimensions of the perceived destination brand values (i.e. emotional, social, and epistemic values) are found to influence their destination loyalty. Furthermore, this study determines the moderating effects of the destination brand globality, destination choice status, and nation brand attitude on the relationships between the Chinese millennial tourists' perceived values and destination loyalty. To illustrate, brand globality moderates the relationship between perceived emotional, monetary, and epistemic values, and destination loyalty. Furthermore, the effects of functional and social values on destination loyalty are moderated by destination choice status. Besides, nation brand attitude moderates functional value and destination loyalty. The following sections discuss theoretical contributions and managerial implications of this study.