This study examines the relationship between perceived risks and customer value in Taiwan's hotel industry. It analyzes how six perceived risk factors (financial, functional, physical, psychological, social, and temporal) negatively impact five types of customer value (functional, social, emotional, epistemic, and conditional). The study surveys 600 hotel customers about their perceptions. Results support that functional value is related to functional, financial and physical risks, social value is correlated with social risk, and emotional and epistemic values are negatively correlated with psychological risk. The study concludes hotels can enhance customer value by reducing these perceived risks.