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The second-home rental market: A hedonic analysis of the effect of different characteristics and a high-market-share intermediary on price

The phenomenon of second homes has been little studied in the tourism economics literature. Residential tourism can represent more than 50% of housing in tourist areas like the Costa Brava in Spain. This article uses hedonic techniques to analyse the market value of the attributes that explain the overall price of a representative sample of second-home rentals. The explanatory variables of this overall price include characteristics such as number of rooms, housing area size, garden size, swimming pool, housing type, distribution channel, municipality, sea views, distance to the beach and seasonality. This study therefore provides tools to assist the decision making of the main agents involved: stakeholders and policy makers

漏 Tourism Economics, 2011, vol. 17, n煤m. 5, p. 1017-1033

IP Publishing

Author: Sal贸 Mayolas, Albert
Garriga Ripoll, Anna
Date: 2011
Abstract: The phenomenon of second homes has been little studied in the tourism economics literature. Residential tourism can represent more than 50% of housing in tourist areas like the Costa Brava in Spain. This article uses hedonic techniques to analyse the market value of the attributes that explain the overall price of a representative sample of second-home rentals. The explanatory variables of this overall price include characteristics such as number of rooms, housing area size, garden size, swimming pool, housing type, distribution channel, municipality, sea views, distance to the beach and seasonality. This study therefore provides tools to assist the decision making of the main agents involved: stakeholders and policy makers
Format: application/pdf
ISSN: 1354-8166 (versi贸 paper)
2044-0375 (versi贸 electr貌nica)
Document access: http://hdl.handle.net/10256/9402
Language: eng
Publisher: IP Publishing
Collection: Reproducci贸 digital del document publicat a: http://dx.doi.org/10.5367/te.2011.0074
Articles publicats (D-EC)
Is part of: 漏 Tourism Economics, 2011, vol. 17, n煤m. 5, p. 1017-1033
Rights: Tots els drets reservats
Subject: Turisme
Tourism
Resid猫ncies segones
Second homes
Title: The second-home rental market: A hedonic analysis of the effect of different characteristics and a high-market-share intermediary on price
Type: info:eu-repo/semantics/article
Repository: DUGiDocs

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