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The price of heritage: an investigation of hotel prices

Author

Listed:
  • Sameer Mathur
  • Prem Prakash Dewani

Abstract

This paper investigates the price premium charged by hotels to heritage tourists. A field study shows that heritage hotels in India command a sizable price premium over comparable, conventional hotels in India. Another field study finds that hotel rooms facing the Niagara Falls, USA, are more expensive than hotel rooms facing the city. A third study investigates the preferences of heritage tourists visiting India to see the Taj-Mahal. The study finds that heritage tourists indicate higher quality perception, purchase intentions, word-of-mouth likelihood and willingness-to-pay for a hotel room with an ethnic room decor and overlooking the Taj-Mahal compared to a hotel room with a modern decor and overlooking the city. Overall, this paper demonstrates a significant 'price of heritage'.

Suggested Citation

  • Sameer Mathur & Prem Prakash Dewani, 2016. "The price of heritage: an investigation of hotel prices," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 13(2), pages 127-153.
    • Handle: RePEc:ids:ijicbm:v:13:y:2016:i:2:p:127-153
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