1. Introduction
The global COVID-19 pandemic has continued to impact societies to an extreme degree, from their economy to social conditions, including how people spend their leisure time [
1]. Among the various types of leisure activities, events have been a growth area in many countries for decades [
2]. Events are not only considered a way to escape from routine and daily activity, but their presence also helps cities and regions attract visitors and improve the host’s economic condition [
1,
3].
Jakarta Fair, commonly known by the locals as PRJ, is an annual event in Jakarta and part of a series of events to celebrate the city’s anniversary. It has been claimed as the largest exhibition event in Southeast Asia, given the event’s ability to attract millions of visitors during its one-month-long arrangement. After a two-year hiatus due to the COVID-19 pandemic, Jakarta Fair was held again this year. This time it was held longer than usual, which was 39 days, and it successfully attracted 7 million visitors. Despite the pandemic’s disruption, many people attended the event for various purposes as Jakarta Fair offered not only exhibitions but also various entertainments, ranging from concerts, carnival parades, fireworks, kids’ playgrounds, and other activities. That said, events act as a leisure and recreation space, entertainment venue, and marketplace.
As event tourism has grown in many cities worldwide, and some events have even become a city’s major attraction, the industry players must stay competitive. One way is by tracking changes and trends of event attendees, which includes incorporating generational diversity among the attendees. It is indeed common nowadays for many companies to use generation-oriented improvements for optimizing their businesses, including the tourism and leisure industry [
2,
4]. As the future belongs to Millennials and Gen Z, where these generations have dominated the current global population as well as Indonesia’s. According to Ramgade and Kumar (2021), Millennials are around 31.5% of the total global population of the world while Gen Z belong to about 32%; data from the Central Statistics Agency (BPS) in 2020 showed that the population of Indonesia was dominated by Millennials which was 25.87% and Gen Z which was 27.94% of the total population), tourism and leisure players must shift from their conventional approach to focus on the needs of these two generations. Especially considering that they are more willing to spend their money to have experiences than products, it shows bigger opportunities for the tourism and leisure industry [
5]. However, as an event’s nature comprises tangible and intangible service products, participants often face difficulties assessing an event’s quality [
6]. This situation calls for urgent attention for event and festival organizers to understand the quality of an event experience. It is imperative because one of the critical success factors in maintaining an event’s competitive advantage is building long-term participant–event relationships [
7]. That being said, event organizers must understand their event quality from the participants’ perspectives. Jakarta Fair is not exceptional. Albeit the oldest and most iconic event in Jakarta, they must optimize their events for younger generations.
Based on the aforesaid, this study aims to provide Millennial and Gen Z characteristics in attending events and examine the determinants of the two generations’ satisfaction by analysing its relationship with their perceived event quality. Regarding the former aim, digital behaviour, i.e., the source of information availability and payment method, is also included as the two generations, mainly Gen Z, have been considerably connected with technology. Further analysis of moderating variables from digital behaviour component was also conducted to identify their significance on the relationship between event quality and satisfaction. Finally, as there are only a few studies that focus on understanding the behavioural intention and perspectives of Millennials and Gen Z as event participants [
2], this study contributes to increasing that understanding.
3. Methods
3.1. Research Method
This research used quantitative data to provide a general picture of the research problem by exploring the relationships between event quality and satisfaction. A convenience sampling survey of 236 participants was completed to gain the perception of event participants at the Jakarta Fair. The sample size was identified based on Yamane’s formula with a 7% precision level, and the confidence level is 95%. Data were collected through a survey from June–July 2022, using a Likert scale questionnaire with several sections, obtaining different types of information, such as socio-economic, event quality, satisfaction, and loyalty.
3.2. Operational Variables
Data analysis applied multiple linear regression analysis using SPSS version 28. In this study, the independent variable is event quality, which consists of the event program and facility, and the dependent variable is satisfaction. According to the literature, some factors might indirectly impact event attendees’ satisfaction, and therefore, this study considered generation and payment method as moderating variables.
5. Conclusions
The results of this study confirm those of existing studies, such as [
2,
3], which showed positive effects of event program and facility on participants’ satisfaction, regardless of the relationship, which is not as strong as expected. This study also demonstrates the positive influence of digital tools, such as payment methods and information sources, in the relationship between event quality and attendees’ satisfaction. The result is in line with previous studies [
4]. However, further investigation of the findings has shown that the relationship between event facility and satisfaction is positively influenced only by the payment methods with cash and mixed payment. Whereas, existing studies, e.g., [
5,
9], showed that cashless or digital payment provides satisfaction for Millennials and Gen Z as it enhances their experience.
In Indonesia, Millennials and Gen Z are the significant workforce with increasing income and dominating service consumption. Thus, for event sustainability, particularly post-COVID-19, it is essential for event organizers to understand better the influential factors affecting their experience and satisfaction of Millennials and Gen Z [
2]. This study advances the body of knowledge by revealing their characteristics and determinant factors in attending events. Furthermore, as there is insufficient knowledge on how different event quality dimensions can independently contribute to participants’ satisfaction, particularly in a developing context [
2], this study also adds knowledge in this area. That said, this study considers event quality dimensions independently, which in this case refers to event program and facility.