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Pricing the Time and Location of a Stay at a Hotel or Apartment

Author

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  • Catalina Juaneda

    (Departament d'Economia Aplicada, Universitat de les Illes Balears, Cra. De Valldemossa, km 7.5, 07122 Palma (Illes Balears), Spain)

  • Josep Maria Raya

    (Escola Universitaria del Maresme, Universitat Pompeu Fabra, Ernest Lluch s/n, 08302 Mataró (Barcelona), Spain)

  • Francesc Sastre

    (Departament d'Economia Aplicada, Universitat de les Illes Balears, Cra. De Valldemossa, km 7.5, 07122 Palma (Illes Balears), Spain)

Abstract

This paper presents a comparative study of the price component of the physical characteristics and the location of apartments and hotels in order to compare their effect on the final price of both types of accommodation. In addition the authors carry out a comparative study of the price component of the point in time at which the stay was offered. For the price component of the actual place, substantial variability can be observed in the case of hotels, whereas little variability can be observed in the case of apartments. When seasonality is compared, slightly lower seasonality can be observed for hotels in relation to apartments throughout the period under study, and higher seasonality observed in the case of Spanish resorts (particularly the Balearic Islands) in comparison with French ones.

Suggested Citation

  • Catalina Juaneda & Josep Maria Raya & Francesc Sastre, 2011. "Pricing the Time and Location of a Stay at a Hotel or Apartment," Tourism Economics, , vol. 17(2), pages 321-338, April.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:2:p:321-338
    DOI: 10.5367/te.2011.0044
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    References listed on IDEAS

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    7. Bobrovskaya, Ekaterina & Polbin, Andrey, 2022. "Determinants of short-term rental prices in the sharing economy: The case of Airbnb in Moscow," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 65, pages 5-28.
    8. de Oliveira Santos, Glauber Eduardo, 2016. "Worldwide hedonic prices of subjective characteristics of hostels," Tourism Management, Elsevier, vol. 52(C), pages 451-454.
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    10. Aldric Vives & Marta Jacob & Eugeni Aguiló, 2019. "Online hotel demand model and own-price elasticities: An empirical application in a mature resort destination," Tourism Economics, , vol. 25(5), pages 670-694, August.
    11. José Francisco Perles Ribes & Luis Moreno Izquierdo & Ana Ramón Rodríguez & María Jesús Such Devesa, 2018. "The Rental Prices of the Apartments under the New Tourist Environment: A Hedonic Price Model Applied to the Spanish Sun-and-Beach Destinations," Economies, MDPI, vol. 6(2), pages 1-9, April.
    12. Ripoll-Zarraga, Ane Elixabete & Raya, Josep Maria, 2020. "Tourism indicators and airports' technical efficiency," Annals of Tourism Research, Elsevier, vol. 80(C).
    13. Ante Mandić & Elza Jurun, 2018. "The Determinants of Small and Family Owned Hotel Room Rates," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 11(2), pages 17-22, September.
    14. Aldric Vives & Marta Jacob & Marga Payeras, 2018. "Revenue management and price optimization techniques in the hotel sector," Tourism Economics, , vol. 24(6), pages 720-752, September.

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