Coastal landscape and the hedonic price of accommodation

Hamilton, Jacqueline M.

doi:10.1016/j.ecolecon.2006.08.001

Cited by 142 publications

(105 citation statements)

References 13 publications

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Section: Literature Reviewmentioning

confidence: 99%

“…These include a study on the value of coastal landscape in the Schleswig-Holstein coastal district in Germany (Hamilton, 2007) and a study of the aesthetic lake view of Lake Austin in Texas (Lansford and Jones, 1995). Hamilton (2007) evaluated the impact of climate change on hotel accommodation prices. She showed that coastal landscape has a positive impact on the price of the accommodation and thus construction of dikes to prevent flooding would result in lower prices and accordingly, profits, in the accommodations market in the region.…”

Section: Literature Reviewmentioning

confidence: 99%

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A room with a view—A valuation of the Mediterranean Sea view

Fleischer

2012

Tourism Management

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu 1 Terms of use: Documents in EconStor may A Room with a View -A Valuation of the Mediterranean Sea View AbstractAesthetic view is one of the ecosystem services of the Mediterranean Sea which can be estimated using price differences in the hotel market. Hotels situated on the Mediterranean Sea charge higher prices for a room with a sea view than for a room without it. The value of this view in 10 major Mediterranean regions was estimated in this paper using a hedonic price method. Data on 2,819 hotel rooms in high season and 2,406 rooms in the low season were collected from Booking.com and fixed effects regression was used to estimate the model coefficients. Hotel room prices were found to be higher by about 10% for a room with a view than for one with no view specification. No significant difference was found between regions or season. These findings lend support to the fact that the view of the Mediterranean is equally valued in all regions.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

A room with a view—A valuation of the Mediterranean Sea view

Fleischer

2012

Tourism Management

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“…A GIS was used to collect information related to land cover data. Hamilton [27] analyses the effect that the proximity of coastal and other landscape features has on rural tourism demand in the coastal district of Schleswig-Holstein (Germany). Mollard et al [28] study the role of environmental and regional characteristics used by tourism operators as a means of differentiating services.…”

Section: Literature Reviewmentioning

confidence: 99%

“…It is unlikely that these types of rural accommodation offer the same kind of service [6]. According to the hedonic method, homogeneity in the service is necessary [27]. Therefore, the study is reduced to self-catering cottages.…”

Section: Data and Variablesmentioning

confidence: 99%

Rural Tourism Accommodation Prices by Land Use-Based Hedonic Approach: First Results from the Case Study of the Self-Catering Cottages in Asturias

et al. 2017

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This study analyses the impacts of environmental amenities associated with agricultural and silvicultural land use on the price of rural tourism accommodation in Asturias (Spain). A hedonic price model that relates the price of rural accommodation to environmental amenities as well as equipment, services offered, and the locational characteristics of the accommodation is estimated. The rural accommodations in the study are the self-catering cottages, the intrinsic features of which promote the development of rural tourism sustainability. Geographic information systems (GIS) data are used to measure the location and the proximity to amenities of these self-catering cottages. The main results indicate that agricultural land use has an important impact on the price of accommodation in self-catering cottages. Specifically, a high percentage of grassland in the municipality where the self-catering cottage is sited has a positive effect on rental prices, while a high percentage of arable crops has the opposite effect. The analysis is interesting for decision-making in the context of environmental policies, land use conflict resolution, and rural tourism sustainability.

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“…Contrarily, the stated preference surveys draw the "data from people's responses to hypothetical questions rather than from observations of real-world choices" [2, p. 25]. Typically, in tourism research [12]- [13], the advertised accommodation prices are regressed on a set of attributes.…”

Section: Variable Construction and Selectionmentioning

confidence: 99%

Nonmarket Valuation of Cultural and Environmental Impacts of Sustainable City Tourism in Vienna, Austria

Amrusch

Wirl

2018

WIT Transactions on Ecology and the Environment

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The main purpose of this paper is to monetarily assess the effect of cultural and natural goods and services on tourism in Vienna, Austria. By means of hedonic modelling, we investigate how the value of tourist places, cultural and natural monuments is capitalized in commercial housing prices. First, in the context of variable selection, main tourist attractions are identified. In the second section, by controlling for accessibility effects of transportation, the investigation area is defined. Using hedonic regression analyses, the tourists' willingness to pay for the adjacency to monuments is quantified. Finally, results obtained are used to illustrate the influence of sustainable city tourism on the preservation of cultural and natural monuments. There are particular important trade-offs between preservation and new construction. Keywords: hedonic model, nonmarket valuation of cultural goods and services, accessibility to monuments in sustainable tourism.

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Coastal landscape and the hedonic price of accommodation

Cited by 142 publications

References 13 publications

A room with a view—A valuation of the Mediterranean Sea view

A room with a view—A valuation of the Mediterranean Sea view

Rural Tourism Accommodation Prices by Land Use-Based Hedonic Approach: First Results from the Case Study of the Self-Catering Cottages in Asturias

Nonmarket Valuation of Cultural and Environmental Impacts of Sustainable City Tourism in Vienna, Austria

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