A demand-driven analysis of tourist accommodation price: A quantile regression of room bookings. (September 2015)

• Record Type: Journal Article
• Authors: Masiero, Lorenzo; Nicolau, Juan L.; Law, Rob
• Is Part Of: International journal of hospitality management. Volume 50(2015)
• Page Start: 1
• Page End: 8
• Publication Date: 2015-09
• Subjects: Hotel booking -- Accommodation expenditure -- Quantile regression; Hotel management -- Periodicals; Restaurant management -- Periodicals; Food service management -- Periodicals; Hôtels -- Gestion -- Périodiques; Restaurants -- Gestion -- Périodiques; Services alimentaires -- Gestion -- Périodiques; Food service management; Hotel management; Restaurant management; Periodicals; 647.94
• DOI: 10.1016/j.ijhm.2015.06.009
• Languages: English
• ISSNs: 0278-4319

Abstract

Abstract: Tourist accommodation expenditure is a widely investigated topic as it represents a major contribution to the total tourist expenditure. The identification of the determinant factors is commonly based on supply-driven applications while little research has been made on important travel characteristics. This paper proposes a demand-driven analysis of tourist accommodation price by focusing on data generated from room bookings. The investigation focuses on modeling the relationship between key travel characteristics and the price paid to book the accommodation. To accommodate the distributional characteristics of the expenditure variable, the analysis is based on the estimation of a quantile regression model. The findings support the econometric approach used and enable the elaboration of relevant managerial implications.