Publication
Algarve hotel price determinants: a hedonic pricing model
| dc.contributor.author | Soler, Ismael P. | |
| dc.contributor.author | Gemar, German | |
| dc.contributor.author | Correia, Marisol B. | |
| dc.contributor.author | Serra, Francisco | |
| dc.date.accessioned | 2020-07-24T10:52:58Z | |
| dc.date.available | 2020-07-24T10:52:58Z | |
| dc.date.issued | 2019-02 | |
| dc.description.abstract | This 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.doi | 10.1016/j.tourman.2018.08.028 | |
| dc.identifier.issn | 0261-5177 | |
| dc.identifier.issn | 1879-3193 | |
| dc.identifier.uri | http://hdl.handle.net/10400.1/14429 | |
| dc.language.iso | eng | |
| dc.peerreviewed | yes | |
| dc.publisher | Elsevier Sci Ltd | |
| dc.subject | Room rates | |
| dc.subject | Attributes | |
| dc.subject | Market | |
| dc.subject | Tourism | |
| dc.subject | Impact | |
| dc.subject | Differentiation | |
| dc.subject | Performance | |
| dc.subject | Destination | |
| dc.subject | Strategies | |
| dc.title | Algarve hotel price determinants: a hedonic pricing model | |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 321 | |
| oaire.citation.startPage | 311 | |
| oaire.citation.title | Tourism Management | |
| oaire.citation.volume | 70 | |
| person.familyName | Correia | |
| person.familyName | Serra | |
| person.givenName | Marisol B. | |
| person.givenName | Francisco | |
| person.identifier | 0000000428330706 | |
| person.identifier.ciencia-id | FE15-819A-4535 | |
| person.identifier.ciencia-id | 4D1C-9D66-8D99 | |
| person.identifier.orcid | 0000-0002-1788-6114 | |
| person.identifier.orcid | 0000-0002-8461-5162 | |
| person.identifier.scopus-author-id | 55333058000 | |
| person.identifier.scopus-author-id | 56290841200 | |
| rcaap.rights | restrictedAccess | |
| rcaap.type | article | |
| relation.isAuthorOfPublication | ee01864e-dec4-4285-a4b7-4ccb53d9afaa | |
| relation.isAuthorOfPublication | 22775c38-a6c8-4162-9ac0-c1941fbf693c | |
| relation.isAuthorOfPublication.latestForDiscovery | ee01864e-dec4-4285-a4b7-4ccb53d9afaa |
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