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The effect on prices of the attributes of holiday hotels: a hedonic prices approach

This article examines the effect on price of different characteristics of holiday hotels in the sun-and-beach segment. The effect on price is estimated under the hedonic function perspective by means of random effect models, known also as mixed or panel models. Some 82,000 prices were gathered between 1991 and 1998 from tour operator catalogues. The study reveals huge price differences between 4-star hotels and the rest, coupled with practically no difference between 1-star and 2-star hotels. Other attributes with a significant effect on price are town, hotel size, distance to the beach and availability of parking place. The results can assist hotel managers in shaping pricing and investment strategies

IP Publishing

Author: Espinet i Rius, Josep Maria
S谩ez Zafra, Marc
Coenders, Germ脿
Fluvi脿, Modest
Abstract: This article examines the effect on price of different characteristics of holiday hotels in the sun-and-beach segment. The effect on price is estimated under the hedonic function perspective by means of random effect models, known also as mixed or panel models. Some 82,000 prices were gathered between 1991 and 1998 from tour operator catalogues. The study reveals huge price differences between 4-star hotels and the rest, coupled with practically no difference between 1-star and 2-star hotels. Other attributes with a significant effect on price are town, hotel size, distance to the beach and availability of parking place. The results can assist hotel managers in shaping pricing and investment strategies
Document access: http://hdl.handle.net/2072/247850
Language: eng
Publisher: IP Publishing
Rights: Tots els drets reservats. Reproduced by permission
Subject: Preus -- Fixaci贸
Pricing
Hotels -- Preus
Hotels -- Prices
Title: The effect on prices of the attributes of holiday hotels: a hedonic prices approach
Type: info:eu-repo/semantics/article
Repository: Recercat

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