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To examine the brand development of starred hotels, this study examines asample of 615 five-star customers to confirm anewly proposed path for the formation of starred hotel brand equity. The research findings show that technological competence and service innovation implementation are the leading factors in hotel brand equity and have positive interaction effects on customers’ perceived value. The tandem mediation of customer cognition (perceived value) and emotional (trust) factors promotes the formation of brand equity. The moderating role of acceptance of electronic word-of-mouth (AEWOM) is highlighted to accelerate the path from customer cognition to customer emotions. This study not only contributes anew theoretical basis for the sustainable development of starred hotels but also provides anew perspective for future research on brand equity.
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