Predicting random level and seasonality of hotel prices. A structural equation growth curve approach
dc.contributor
dc.contributor.author
dc.date.accessioned
2008-02-06T08:19:27Z
dc.date.available
2008-02-06T08:19:27Z
dc.date.issued
2001-03
dc.identifier.citation
Coenders, G.; Espinet, J.M.; Sáez, M. Predicting random level and seasonality of hotel prices. A structural equation growth curve approach. Girona: Universitat de Girona. Departament d'Economia, 2001. (Documents de Treball; 1). Disponible a Internet a: http://hdl.handle.net/10256/275
dc.identifier.issn
1579-475X
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DL Gi.472-2002
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dc.description.abstract
This article examines the effect on price of different characteristics of holiday hotels in the sun-and-beach segment, under the hedonic function perspective. Monthly prices of the majority of hotels in the Spanish continental Mediterranean coast are gathered from May to October 1999 from the tour operator catalogues. Hedonic functions are specified as random-effect models and parametrized as structural equation models with two latent variables, a random peak season price and a random width of seasonal fluctuations. Characteristics of the hotel and the region where they are located are used as predictors of both latent variables. Besides hotel category, region, distance to the beach, availability of parking place and room equipment have an effect on peak price and also on seasonality. 3- star hotels have the highest seasonality and hotels located in the southern regions the lowest, which could be explained by a warmer climate in autumn
dc.format.mimetype
application/pdf
dc.language.iso
eng
dc.publisher
Universitat de Girona. Departament d'Economia
dc.relation.ispartofseries
Documents de Treball; 1
dc.rights
Aquest document està subjecte a una llicència Creative Commons: Reconeixement – No comercial – Sense obra derivada (by-nc-nd)
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dc.title
Predicting random level and seasonality of hotel prices. A structural equation growth curve approach
dc.type
info:eu-repo/semantics/workingPaper
dc.rights.accessRights
info:eu-repo/semantics/openAccess