Purpose -The Purpose of this study is to emphasize the importance of corporate economic value creation and creating shared value(CSV), and then is to examine the effect of the customer loyalty on hotel image and the trust by CSV in hotel industry.
Design, data, and methodology - To perform this study, total 320 questionnaire were distributed to customers who are aware of ‘Making Delicious Jeju’(the Shilla hotel's representative social contribution program), dated from April 5th to 19th, 2022. Excluding unworkable data, usable 297 responses were obtained for empirical analysis. Useful samples were analyzed in SPSS 25.0 for Window.
Result - The main consequences are as following: (1)CSV had a significant effect on the corporate images. (2) CSV had a significant effect on the corporate trust. (3) Corporate images had a significant effect on the customer loyalty. (4) Corporate trust had a significant effect on the customer loyalty. (5) Corporate image acts as a parameter in the effect of CSV on customer loyalty
Conclusions - The results shows that in order to increase the customer loyalty, hotel companies should show that they share and solve the economic, social, and environmental problems of the local community.