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Differences in seasonal price patterns among second home rentals and hotels: Empirical evidence and practical implications

Hotels and second home rentals are two of the most important tourist accommodation options in Spain. In terms of seasonality, almost all previous studies have analysed tourism demand from the point of view either of total arrivals or the number of tourists lodged in a single accommodation type (hotels, rural accommodation, etc). However, there are no studies focusing on price seasonality or comparing seasonality among different accommodation types. By using seasonality indicators and a price index constructed by means of hedonic methods, this paper aims to shed some light on seasonal pricing patterns among second home rentals and hotels. The paper relies on a 2004 database of 144 hotels and 1,002 apartments on the Costa Brava (northeast Spain). The results show that prices for second home rentals display a smoother seasonal pattern than hotels due to reduced price differences between shoulder (May and October) and peak periods (August)

IP Publishing

Author: Saló Mayolas, Albert
Garriga Ripoll, Anna
Rigall i Torrent, Ricard
Vila, Mar
Sayeras, Josep Maria
Abstract: Hotels and second home rentals are two of the most important tourist accommodation options in Spain. In terms of seasonality, almost all previous studies have analysed tourism demand from the point of view either of total arrivals or the number of tourists lodged in a single accommodation type (hotels, rural accommodation, etc). However, there are no studies focusing on price seasonality or comparing seasonality among different accommodation types. By using seasonality indicators and a price index constructed by means of hedonic methods, this paper aims to shed some light on seasonal pricing patterns among second home rentals and hotels. The paper relies on a 2004 database of 144 hotels and 1,002 apartments on the Costa Brava (northeast Spain). The results show that prices for second home rentals display a smoother seasonal pattern than hotels due to reduced price differences between shoulder (May and October) and peak periods (August)
Document access: http://hdl.handle.net/2072/295271
Language: eng
Publisher: IP Publishing
Rights: Tots els drets reservats
Subject: Turisme
Tourism
Allotjament turístic -- Catalunya -- Costa Brava
Tourist camps, hostels, etc. -- Catalonia -- Costa Brava
Costa Brava
Hotels
Prices
Seasonality
Second homes
Title: Differences in seasonal price patterns among second home rentals and hotels: Empirical evidence and practical implications
Type: info:eu-repo/semantics/article
Repository: Recercat

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