“…The CBBE model may also apply to DMO stakeholders, for which the financial measure of destination brands would be of little practical value (Pike, 2007) with only few exceptions of licensing opportunities (i.e., "I ♥ NY"). Competitive advantage and competitiveness, both also connected to other proprietary brand assets (Aaker, 1991), attract some interest (Mechinda, Serirat, Popaijit, Lertwannawit, & Anuwichanont, 2010;Pike et al, 2010;Yüksel & Yüksel, 2001) in the literature of destination brand equity. Nevertheless, destination marketers have mostly been focusing on brand equity dimensions other than brand assets, on the grounds that financial evaluation is of little relevance if managers do not know how value is created from the customer's perspective and how to capitalize on it, in order to develop successful brand strategies (Keller, 1993).…”