Do implicit prices for hotels and second homes show differences in tourists' valuation for public attributes for each type of accommodation facility?

Albert Saló, Anna Garriga, Ricard Rigall-I-Torrent, Mar Vila, Modest Fluvià

Producció científica: Article en revista indexadaArticleAvaluat per experts

38 Cites (Scopus)

Resum

Tourism accommodation comprises a bundle of private attributes (e.g. star rating, swimming pool or sports facilities) located in a specific physical environment (municipality, in this paper), which embeds public attributes (e.g. natural environment, public safety or cultural heritage). The literature has argued that the price of accommodation takes into account this bundle. Because tourist profiles are likely to be different for different types of accommodation, tourists could value differently the relevant and common public attributes that surround accommodation facilities. Using a database built from brochures of hotels and second homes for 2004 (with prices and private characteristics) in the Costa Brava (Spain), this paper relies on hedonic regressions to clarify the role of both private a location-related attributes for both types of tourism accommodation. We find that the effects on price of some characteristics related to location differ for each type of accommodation. This finding has important implications for private managers and public policy makers in the hospitality industry.

Idioma originalAnglès
Pàgines (de-a)120-129
Nombre de pàgines10
RevistaInternational Journal of Hospitality Management
Volum36
DOIs
Estat de la publicacióPublicada - de gen. 2014
Publicat externament

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