Pricing determinants in the hotel industry: Quantile regression analysis

Hung, Wei-Ting; Shang, Jui-Kou; Wang, Fei-Ching

doi:10.1016/j.ijhm.2009.09.001

Cited by 224 publications

(176 citation statements)

References 53 publications

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“…This is because the selection of a hotel location has important strategic implications and it normally involves a long-term commitment of resources. On top of that, a good hotel location does not only increase market share and profitability, but also helps in satisfying the customer requirements and enhancing the convenience of the customer which will have a direct impact on the customer's loyalty [1], [6]- [8].…”

Section: A Hotel Selection Problemmentioning

confidence: 99%

“…Much research has been done on identifying the critical factors for determining the suitability of hotel locations in an organization [1], [2], [5]- [10]. Pan [5], for example, states that a suitable hotel location should be convenient to traffic, public facilities such as commercial areas, conventional centres, and airports, and flexible space for future development.…”

Section: A Hotel Selection Problemmentioning

confidence: 99%

“…This is often measured by the distance to airport or freeway, the distance to downtown area, the distance to tourism scenic spots, the parking area, the convenience of freeway, the extensiveness of traffic routes, and the convenience to tourism scenic spots [1], [5].…”

Section: A Hotel Selection Problemmentioning

confidence: 99%

“…The tourism industry is the fastest growing industry in the 21 st century [1]. Recent surveys have indicated that tourism is currently a major contributor in global economic development [2].…”

Section: Introductionmentioning

confidence: 99%

“…This is because the selection of the most suitable hotel location has important strategic implications including an increase in market share and profitability [2], [3]. In fact, numerous researches have indicated that hotel location is the significant factor influencing operation performance in the future [1]. As a result, evaluating and selecting the most suitable hotel location from many available hotel locations becomes a critical decision to be made in the tourism industry.…”

Section: Introductionmentioning

confidence: 99%

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Interval-Valued Intuitionistic Fuzzy Multicriteria Group Decision Making Approach for Hotel Selection

Wibowo¹

2013

IJMLC

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Abstract-Evaluating and selecting the most suitable hotel location for development is complex and challenging. To effectively deal with this problem, this paper presents an interval-valued intuitionistic fuzzy multicriteria group decision making approach for evaluating and selecting hotel locations. The subjectiveness and imprecision of the decision making process are adequately modeled by the use of interval-valued based intuitionistic fuzzy numbers. The concept of ideal solutions is adopted for determining the overall performance of each alternative hotel location across all the selection criteria on which the final decision is made. An example is presented for demonstrating the applicability of the proposed approach for solving real world hotel location selection problems.Index Terms-Group decision making, hotel evaluation and selection, interval-valued based intuitionistic fuzzy numbers, subjectiveness and imprecision.

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Section: A Hotel Selection Problemmentioning

confidence: 99%

Section: A Hotel Selection Problemmentioning

confidence: 99%

Section: A Hotel Selection Problemmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Interval-Valued Intuitionistic Fuzzy Multicriteria Group Decision Making Approach for Hotel Selection

Wibowo¹

2013

IJMLC

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Toward A Place‐Based Understanding of Business Sustainability: The Role of Green Competitors and Green Locales in Firms' Voluntary Environmental Engagement

2017

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Management research has extensively considered who, what, when, why, which and how aspects pertaining to firms' voluntary environmental practices, yet the where aspect, which would consider the role of a firm's location on its environmental practices, has received remarkably less attention. We explore three research questions relating social and physical attributes of a firm's location with its engagement in a voluntary environmental program (VEP). Drawing on a sample of hotels participating in a Costa Rican VEP, we find that the number of VEP certified competitors (i.e. green competitors) and firm proximity to a sacrosanct environment (i.e. a green locale) are positively related to a firm's level of VEP engagement. We also find an interaction effect such that the relationship between the number of VEP certified competitors and the level of VEP engagement is positively moderated by firm proximity to a green locale. We argue that firms' voluntary environmental engagement can be enhanced by developing green clusters amid green corridors. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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Does advance booking matter in hedonic pricing? A new multivariate approach

Guizzardi

Angelini

Pons

2019

Journal of Tourism Research

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We consider prices across the advance bookings as a multivariate variable, modelling the time effect by means of a structural vector autoregression. Its unit-specific fixed effect is taken as the dependent variable in a set of hedonic regressions allowing us to estimate the marginal contribution to price of the (time-invariant) attributes along the price trajectory. Results from our two-step approach indicate that although past occupancy rates, events, bank holidays, and seasonality differentiate pricing strategies across advance bookings, time-invariant services/attributes tend to increase in hedonic value as the advance booking period decreases, reducing the contribution of dynamic pricing. K E Y W O R D Sbusiness tourism, dynamic pricing, fairs, Milan, seasonality, structural vector autoregression

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Pricing determinants in the hotel industry: Quantile regression analysis

Cited by 224 publications

References 53 publications

Interval-Valued Intuitionistic Fuzzy Multicriteria Group Decision Making Approach for Hotel Selection

Interval-Valued Intuitionistic Fuzzy Multicriteria Group Decision Making Approach for Hotel Selection

Toward A Place‐Based Understanding of Business Sustainability: The Role of Green Competitors and Green Locales in Firms' Voluntary Environmental Engagement

Does advance booking matter in hedonic pricing? A new multivariate approach

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