Hotel attributes and hedonic prices: an analysis of internet-based transactions in Singapore’s market for hotel rooms

Andersson, David Emanuel

doi:10.1007/s00168-008-0265-4

Cited by 60 publications

(48 citation statements)

References 9 publications

(4 reference statements)

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“…Generalization at the regional scale might allow an assessment to reflect the real usage well, whilst at the scale of the city, where the population density varies [47], the assessment can be strongly biased and the RES will be unevenly distributed in space. Property values increase along the urban-rural gradient (the closer to the city centre, the more expensive) [48][49][50][51][52][53], and a similar pattern should be revealed as property nears RES provisioning of cities' green infrastructure. While the benefits derived from potential ES resources of green infrastructure-such as CO 2 and noise reduction-or a positive influence on microclimate affect all the citizens in the neighbourhood, benefits associated with recreation or choice of an aesthetic neighbourhood to live in are subject to the general laws of demand and supply.…”

Section: Actual and Potential Benefits From Green Infrastructurementioning

confidence: 91%

High Biodiversity of Green Infrastructure Does Not Contribute to Recreational Ecosystem Services

2017

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Urban lakes, especially those of natural origin, provide ecosystem services, recreation being one of the most important and highly valued by city dwellers. Fulfilling the needs of city residents to relax and have contact with nature has become a priority in urbanized areas and has been proven to positively affect people's health and well-being. The recreational potential of water bodies was identified to be the most important aspect of ecosystem services to the residents of the neighboring areas. An assessment of recreational ecosystem services (RES) provisioning to society based on the real time spent by the citizens and housing values in the urban-rural gradient revealed that the economic benefits of lakes differ in urbanized, suburban and rural landscapes. The growth of cities has led to an increased population density in the surroundings of ecologically valuable areas, resulting in higher pressure from visitors seeking recreational areas. Along with urbanization, the impoverishment of ecosystem functions takes place, limiting their capability to provide ecosystem services. In this work, the provisioning of recreational ecosystem services of 28 floodplain lakes located along the urban-rural gradient of the Warsaw agglomeration was assessed. The relationship between the ecological value of the water bodies, measured using naturalness indices, and the recreational ecosystem services they can provide was assessed. The results showed that the floodplain lakes located along the urban-rural gradient are of great importance to the citizens due to their recreational potential. The provisioning of recreational ecosystem services is poorly connected with the ecological characteristics of the floodplain lakes. Only hemeroby was significantly correlated with provisioning, and there was no relationship with factors such as naturalness of vegetation or water quality, demonstrating that public preference was not generally influenced by high ecological quality. These data should be available to potential buyers and be integrated in spatial planning management plans in order to shape future housing policy.

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Section: Actual and Potential Benefits From Green Infrastructurementioning

confidence: 91%

High Biodiversity of Green Infrastructure Does Not Contribute to Recreational Ecosystem Services

2017

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“…Generalization at the regional scale might allow an assessment to reflect the real usage well, whilst at the scale of the city, where the population density varies [45], the assessment can be strongly biased and the RES will be unevenly distributed in space. It can assumed that analogically to hotel prices (the closer to the city centre, the more expensive) the urban-rural gradient will also be revealed in RES provisioning of cities green infrastructure [46][47][48][49][50][51]. While the benefits derived from potential ES resources of green infrastructure -such as CO2 and noise reduction or a positive influence on microclimate affect all the citizens in the neighbourhood, benefits associated with recreation or choice of aesthetic neighbourhood for living are subject to the general laws of demand and supply.…”

Section: Actual and Potential Benefits From Green Infrastructurementioning

confidence: 99%

High Biodiversity of Green Infrastructure Does Not Contribute to Recreational Ecosystem Services

Sikorska¹,

Sikorski²,

Hopkins³

2017

Preprint

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Urban lakes, especially those of natural origin, provide ecosystem services, recreation being one of the most important and highly valued by the city dwellers. Fulfilling the need of city residents to relax and have contact with nature has become a priority in urbanized areas and has been proved to positively affect people's health and well-being. The recreational potential of water bodies was identified to be most important aspect of ecosystem services to the residents of the neighboring areas. Assessment of recreational ecosystem services (RES) provisioning to society based on the real time spent by the citizens, in the rural-urban gradient allowed us to show how the economic benefits of lakes differ in urbanized, suburban and rural landscapes. Growth of cities has led to increased population density in the surroundings of ecologically valuable areas, resulting in higher pressure from visitors seeking recreational values. Along with urbanization, the impoverishment of ecosystem functions takes place limiting their capability to provide ecosystem services. In this work provisioning of recreational ecosystem services of 28 floodplain lakes located in urban-rural gradient of Warsaw agglomeration was assessed. The relation between the ecological value of the water bodies, measured using naturalness indices, and the ecosystem services they can provide was assessed. The results showed that the floodplain lakes located along the urban-rural gradient are of a great importance to the citizens due to their recreational potential. However the provisioning of recreational ecosystem services is poorly connected with the ecological value of the floodplain lakes and the economic benefits are of a greatest importance in objects included in the urban green spaces.

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“…For this reason, it has been used, as in the case of Andersson (2010), the information available through an online booking website. Specifically, the CUBAHOTELRESERVATION 6 website provides information on usual rates applying to different types of rooms in each hotel, along with a fairly detailed description of its characteristics.…”

Section: Data and Identification Of Innovative Attributesmentioning

confidence: 99%

“…In general, authors either reduce the number of attributes or gather them to avoid the problem of multicollinearity (Andersson, 2010 andRiera, 2001). In our case, we are going to drop only those variables with proven measurement error, i.e.…”

Section: Data and Identification Of Innovative Attributesmentioning

confidence: 99%

See 1 more Smart Citation

Are innovations relevant for consumers in the hospitality industry? A hedonic approach for Cuban hotels

et al. 2016

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Abstract:This paper evaluates the impact of innovative activity in the hotel industry on the willingness to pay by consumers. To this end we estimate a hedonic price function where innovation is identified indirectly through certain attributes. The contrast is performed on a representative sample of Cuban hotels considering a large number of attributes of hotels and rooms. To solve the usual problems of collinearity an original procedure is developed. The results highlight the importance of the attributes linked to innovation and internationalization on the price of the rooms of Cuban hotels.Keywords: Innovation, Hospitality industry, Prices, hedonic pricing method. ¿ES RELEVANTE LA INNOVACIÓN PARA LOS CLIENTES EN LA INDUSTRIA HOTELERA? UN ENFOQUE HEDÓNICO PARA LOS HOTELES CUBANOS Resumen:Este trabajo evalúa el impacto de la actividad innovadora en la industria hotelera sobre la disposición a pagar por los consumidores. Con este objetivo se estima una función hedónica de precios donde las innovaciones se identifican indirectamente a través de ciertos atributos de los hoteles. El contraste se realiza sobre una muestra representativa de hoteles cubanos considerando un número importante de atributos de los hoteles y de las habitaciones. Para solventar el problema habitual de colinealidad en este contexto, se desarrolla un procedimiento original. Los resultados ponen de manifiesto la importancia de los atributos ligados a la innovación e internacionalización sobre el precio de las habitaciones de los hoteles cubanos.

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Hotel attributes and hedonic prices: an analysis of internet-based transactions in Singapore’s market for hotel rooms

Abstract: C21, D23, D83, L83, L85, L86, R33,

Cited by 60 publications

References 9 publications

High Biodiversity of Green Infrastructure Does Not Contribute to Recreational Ecosystem Services

High Biodiversity of Green Infrastructure Does Not Contribute to Recreational Ecosystem Services

High Biodiversity of Green Infrastructure Does Not Contribute to Recreational Ecosystem Services

Are innovations relevant for consumers in the hospitality industry? A hedonic approach for Cuban hotels

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