This study revisits the dimensional structure of the brand loyalty construct. Following recent developments in loyalty studies, this research conceptualizes brand loyalty as a four‐dimensional construct comprising of cognitive, affective, conative, and behavioral loyalty. It is proposed that the first three dimensions collectively form a higher order factor—namely attitudinal loyalty—which then leads to behavioral loyalty. However, this conceptualization is not supported by the data. Alternatively, a modified model—based on the traditional conceptualization that attitudinal loyalty is a first‐order, one‐dimensional construct—was found to better fit the data. Thus, this study revalidates the traditional two‐dimensional conceptualization of loyalty. It also contributes to the literature by introducing and validating a five‐item attitudinal loyalty measure. An earlier draft of this paper was presented at the 2007 Travel and Tourism Research Association (TTRA) Annual Conference in Las Vegas, NV.