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36th Cordoba Guitar Festival: Spectator Analysis Using Structural Equation Modelling (SEM)

1
Applied Economics, University of Cordoba, Puerta Nueva s/n, 14071 Cordoba, Spain
2
Department of Research, Casa Grande University, Guayaquil 090613, Ecuador
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(3), 826; https://doi.org/10.3390/su11030826
Received: 2 December 2018 / Revised: 28 January 2019 / Accepted: 31 January 2019 / Published: 5 February 2019
(This article belongs to the Section Tourism, Culture, and Heritage)
The Cordoba Guitar Festival is one of the most important cultural events in Spain. This article analyses the musical preferences, satisfaction, attitudinal loyalty, and behavioural loyalty of spectators who attended the 36th festival held in July 2016, as well as the festival’s economic impact on the city. These characteristics of the public give rise to the four hypotheses of this study. To achieve this aim, a structural equation model (SEM) was used. The results −χ2 = 27.79, with the p-value found to be p = P (χ2 ≥ 27.79) = 0.224—show the goodness-of-fit of the model and indicate that the observed data do fit the expected dataset. The results therefore allow us to accept the proposed hypotheses concerning the influence of different latent factors, such as musical preferences, loyalty, and satisfaction with the festival. This is the main focus with which the present study has been written. Regarding the economic impact, the Festival raised 1.2 million euros, that is, slightly more than 73,000 euros per day. The amount, although not very high, is important as additional income for the city. The conclusions show the need to consider the preferences of the spectator as an essential tool to enable the continuation and longevity of the Cordoba Guitar Festival—an important cultural destination. View Full-Text
Keywords: festival; guitar; culture; Spain; SEM; AMOS; latent variables; observed variables festival; guitar; culture; Spain; SEM; AMOS; latent variables; observed variables
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MDPI and ACS Style

Fruet-Cardozo, J.V.; Pérez-Gálvez, J.C.; Jara-Alba, C.; Gómez-Casero, G. 36th Cordoba Guitar Festival: Spectator Analysis Using Structural Equation Modelling (SEM). Sustainability 2019, 11, 826. https://doi.org/10.3390/su11030826

AMA Style

Fruet-Cardozo JV, Pérez-Gálvez JC, Jara-Alba C, Gómez-Casero G. 36th Cordoba Guitar Festival: Spectator Analysis Using Structural Equation Modelling (SEM). Sustainability. 2019; 11(3):826. https://doi.org/10.3390/su11030826

Chicago/Turabian Style

Fruet-Cardozo, Juan V.; Pérez-Gálvez, Jesús C.; Jara-Alba, Carol; Gómez-Casero, Gema. 2019. "36th Cordoba Guitar Festival: Spectator Analysis Using Structural Equation Modelling (SEM)" Sustainability 11, no. 3: 826. https://doi.org/10.3390/su11030826

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