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Algarve hotel price determinants: a hedonic pricing model

2019-02Artigo científico Acesso restrito
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dc.contributor.authorSoler, Ismael P.
dc.contributor.authorGemar, German
dc.contributor.authorCorreia, Marisol B.
dc.contributor.authorSerra, Francisco
dc.date.accessioned2020-07-24T10:52:58Z
dc.date.available2020-07-24T10:52:58Z
dc.date.issued2019-02
dc.description.abstractThis study sought to assess customers' willingness to pay for a wide variety of characteristics and attributes of hotels in Portugal's Algarve region. After collecting nearly all the information available on TripAdvisor for hotels in this region, a hedonic pricing model was developed using a database of 9992 cases. The results suggest that - after standardisation - the most important variable shaping Algarve hotel room rates is the previous day's prices. When associated with a family-friendly hotel, star category and services have a greater value than beaches or golf courses do. Customers also appreciate some types of hotels, such as boutique, quaint or trendy hotels, but view others negatively, such as family-friendly or business hotels. Only the specific location of Falesia Beach adds value, although the Algarve is a desirable destination overall. Both destination and hotel managers can use the proposed method to analyse data for their region on customers' propensity to pay.
dc.identifier.doi10.1016/j.tourman.2018.08.028
dc.identifier.issn0261-5177
dc.identifier.issn1879-3193
dc.identifier.urihttp://hdl.handle.net/10400.1/14429
dc.language.isoeng
dc.peerreviewedyes
dc.publisherElsevier Sci Ltd
dc.subjectRoom rates
dc.subjectAttributes
dc.subjectMarket
dc.subjectTourism
dc.subjectImpact
dc.subjectDifferentiation
dc.subjectPerformance
dc.subjectDestination
dc.subjectStrategies
dc.titleAlgarve hotel price determinants: a hedonic pricing model
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage321
oaire.citation.startPage311
oaire.citation.titleTourism Management
oaire.citation.volume70
person.familyNameCorreia
person.familyNameSerra
person.givenNameMarisol B.
person.givenNameFrancisco
person.identifier0000000428330706
person.identifier.ciencia-idFE15-819A-4535
person.identifier.ciencia-id4D1C-9D66-8D99
person.identifier.orcid0000-0002-1788-6114
person.identifier.orcid0000-0002-8461-5162
person.identifier.scopus-author-id55333058000
person.identifier.scopus-author-id56290841200
rcaap.rightsrestrictedAccess
rcaap.typearticle
relation.isAuthorOfPublicationee01864e-dec4-4285-a4b7-4ccb53d9afaa
relation.isAuthorOfPublication22775c38-a6c8-4162-9ac0-c1941fbf693c
relation.isAuthorOfPublication.latestForDiscoveryee01864e-dec4-4285-a4b7-4ccb53d9afaa

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