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Algarve hotel price determinants: A hedonic pricing model
dc.contributor.author | Soler-García, Ismael Pablo | |
dc.contributor.author | Gemar-Castillo, Germán | |
dc.contributor.author | Correia, Marisol B. | |
dc.contributor.author | Serra, Francisco | |
dc.date.accessioned | 2024-01-31T10:08:32Z | |
dc.date.available | 2024-01-31T10:08:32Z | |
dc.date.issued | 2019 | |
dc.identifier.citation | Soler, I. P., Gemar, G., Correia, M. B., & Serra, F. (2019). Algarve hotel price determinants: A hedonic pricing model. Tourism Management, 70, 311-321. | es_ES |
dc.identifier.uri | https://hdl.handle.net/10630/29474 | |
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. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Elsevier | es_ES |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internacional | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.subject | Hostelería - Precios - Gestión - Algarve (Portugal) | es_ES |
dc.subject.other | The Algarve | es_ES |
dc.subject.other | Hotel | es_ES |
dc.subject.other | Pricing management | es_ES |
dc.subject.other | Hedonic | es_ES |
dc.subject.other | Brand image management | es_ES |
dc.title | Algarve hotel price determinants: A hedonic pricing model | es_ES |
dc.type | journal article | es_ES |
dc.centro | Facultad de Ciencias Económicas y Empresariales | es_ES |
dc.identifier.doi | https://doi.org/10.1016/j.tourman.2018.08.028 | |
dc.type.hasVersion | AM | es_ES |
dc.departamento | Economía y Administración de Empresas | |
dc.rights.accessRights | open access | es_ES |