Due to the policy of ”Project Vanguard for Excellent in Tourism”, the government currently is turning Taiwan into a major Asia tourist destination which to attract foreign tourists (inbound travelers). The purposes of this research are to address the two points. (1) Understanding the push and pull motivations and perceived value of foreign tourists. (2) Analyising the relationships among push and pull motivations, perceivied value, satisfaction, and loyalty. The result shows that five push dimensions, six pull dimensions and five value dimentions are found. Moreover, perceived value has impacts on both satisfaction and loyalty than push and pull motivations do. Pull motivation has an impact on perceived value. Consequently, the implications of the above findings and suggestions are discussed.