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Effect on Prices of the Attributes of Holiday Hotels: A Hedonic Prices Approach

Espinet, J.M., Saez, M., Coenders, G., Fluvià, M.·2003·Tourism Economics

Abstract

This article examines the effect on price of different characteristics of holiday hotels in the sun-and-beach segment. The effect on price is estimated under the hedonic function perspective by means of random effect models, known also as mixed or panel models. Some 82,000 prices were gathered between 1991 and 1998 from tour operator catalogues. The study reveals huge price differences between 4-star hotels and the rest, coupled with practically no difference between 1-star and 2-star hotels. Other attributes with a significant effect on price are town, hotel size, distance to the beach and availability of parking place. The results can assist hotel managers in shaping pricing and investment strategies.

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Authors
Espinet, J. M., Saez, M., Coenders, G., & Fluvià, M.
Venue
Tourism Economics
Published
2003-06
Volume
9
Issue
2
Pages
165-177
ISSN
  • 1354-8166 (ISSN-L)
  • 2044-0375
OpenAlex
W2097142382
Cited by
271
References
0
FWCI
7.71
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Effect on Prices of the Attributes of Holiday Hotels: A Hedonic Prices Approach. https://app.cochat.ai/papers/10.5367/000000003101298330
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Espinet, J. M., Saez, M., Coenders, G., & Fluvià, M. (2003). Effect on Prices of the Attributes of Holiday Hotels: A Hedonic Prices Approach. Tourism Economics. https://doi.org/10.5367/000000003101298330

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