Managing tourism products and destinations embedding public good components: A hedonic approach

Modest Fluvià Font, Ricard Rigall Torrent

Research output: Indexed journal article Articlepeer-review

110 Citations (Scopus)

Abstract

Decision making by tourism firms' managers and public policymakers is complex for many reasons. One of them is that many tourism products embed a combination of multiple public (external to the decisions of individual firms, related to location and essentially non-rival) and private attributes. Since tourists get satisfaction from each of the components of the product variety bought, managers face the daunting task of putting together, promoting and pricing a bundle of heterogeneous components. This paper draws on hedonic pricing literature to obtain insights (beyond making correct pricing decisions) for tourism firms' managers and public policymakers when dealing with products and destinations embedding public good components. An application to coastal hotels in tourism destinations of Catalonia is presented.
Original languageEnglish
Pages (from-to)244-255
JournalON
Volume32
Publication statusPublished - 1 Apr 2011

Fingerprint

Dive into the research topics of 'Managing tourism products and destinations embedding public good components: A hedonic approach'. Together they form a unique fingerprint.

Cite this