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This paper focuses on the reason why hoteliers choose to be present in online travel agent (OTA) and social media websites for sales purposes. It also investigates the technological and human factors related to these two practices. Design/Methodology/Approach The research is based on a survey sent to a wide range of hotels in a Swiss touristic region. The empirical analysis involves the specification of two ordered logit models exploring the importance (in terms of online sales) of both social media and the online travel agent, Booking.com. Findings Findings highlight the constant tension between visibility and online sales in the web arena, as well as a clear distinction in social media and OTA website adoption between hospitality structures using online management tools and employing personnel with specific skills. Practical Implications The research highlights the need for the hospitality industry to be maintain an effective presence on social media and OTAs in order to move towards the creation of a new form of social booking technologies to increase their visibility and sales. Originality/Value This research contributes to understanding the major role played by OTAs and social media in the hospitality industry whilst underlining the possibility of a major interplay between the two.

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13Tourist accommodation price is a widely investigated topic as it represents a major 14 contribution to the total tourist expenditure. The identification of the determinant factors is 15 commonly based on supply-driven applications and, while little research has been made on

Choice behaviour might be determined by asymmetric preferences whether the consumers are faced with gains or losses. This paper investigates loss aversion and diminishing sensitivity, and analyzes their implications on willingness to pay and willingness to accept measures in a reference pivoted choice experiment in a freight transport framework. The results suggest a significant model fit improvement when preferences are treated as asymmetric, proving both loss aversion and diminishing sensitivity. The implications on willingness to pay and willingness to accept indicators are particular relevant showing a remarkable difference between symmetric and asymmetric model specifications. Not accounting for loss aversion and diminishing sensitivity, when present, produces misleading results and might affect significantly the policy decisions.

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