Prices of short-stay accommodation: time series of a eurozone country

Gričar, Sergej; Bojnec, Štefan

doi:10.1108/ijchm-01-2019-0091

Cited by 14 publications

(14 citation statements)

References 57 publications

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“…As one exception, Herrmann and Herrman studied the effects of large-scale events on hotel prices and showed that average rates fluctuated greatly over time during Germany's Oktoberfest [20]. Gricar and Bojnec studied seasonal fluctuations in hotel pricing from a longitudinal standpoint, and their findings proved the rationale for seasonal pricing [21]. Law and colleagues have examined room rate fluctuations in various settings.…”

Section: Research On Hotel Room Ratesmentioning

confidence: 99%

Fluctuations in Hong Kong Hotel Industry Room Rates under the 2019 Novel Coronavirus (COVID-19) Outbreak: Evidence from Big Data on OTA Channels

Qianxi

Law

et al. 2020

Sustainability

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The infectious pneumonia caused by the 2019 novel coronavirus (COVID-19) has spread rapidly worldwide, crippling the global tourism industry’s development and operations. In Hong Kong, where tourism is a pillar industry, the hotel industry is essential to maintaining a stable economy. Facing multiple forms of pressure, the industry’s status deserves close attention. More than 200 hotels in Hong Kong were taken as the research set in this study. A Python-based web crawler was used to collect daily hotel prices from various online travel agencies. Repeated-measures analysis of variance (ANOVA), correlation analysis, and descriptive analysis were employed to study hotels’ room rate fluctuations over time. Results indicated that room rates across hotels in Hong Kong were primarily influenced by holidays and festivities prior to COVID-19, whereas rates tended to decline after the outbreak. Data analysis based on hotels’ star ratings revealed that 5-star hotels were relatively less affected by COVID-19 while 4- and 4.5-star hotels were most seriously affected. District-level analysis also showed that hotel room rates were differentially influenced by the virus: Hong Kong’s Islands district was hit hardest, followed by Kowloon. These findings offer valuable implications for hotel managers and relevant government departments in making rational decisions based on the current market state.

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Section: Research On Hotel Room Ratesmentioning

confidence: 99%

Fluctuations in Hong Kong Hotel Industry Room Rates under the 2019 Novel Coronavirus (COVID-19) Outbreak: Evidence from Big Data on OTA Channels

Qianxi

Law

et al. 2020

Sustainability

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“…The P2P accommodation phenomenon has been studied in the literature from different points of view: regulations (Williams and Horodnic, 2017), price and revenues (Gri car and Bojnec, 2019;Guttentag and Smith, 2017;Zervas et al, 2017), economic impact on the traditional offer (Heo, 2016;Möhlmann, 2015) and consumer choice motives (Botsman and Rogers, 2010;Guttentag, 2015;Guttentag et al, 2018;Pappas, 2017;Piscicelli et al, 2015). Although explored from different perspectives, the P2P accommodation phenomenon requires further investigation, as the literature is still fragmented (Dolnicar, 2019;Sainaghi et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

The motives behind consumers’ intention to use peer-to-peer accommodation: an fsQCA application

Canio

Nieto-Garcia

Martinelli

et al. 2020

IJCHM

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Purpose Literature on the motives influencing consumers’ intention to use peer-to-peer (P2P) platforms has become vast and fragmented. The purpose of this paper is to shed light on this research stream by applying a novel methodological approach that reveals the existence of alternative combinations of motives that equally boost consumers’ intention to use P2P accommodation. Design/methodology/approach The methodological approach builds on the complexity theory and includes both linear and nonlinear techniques. The empirical analysis combines multiple regression analysis and fuzzy-set qualitative comparative analysis (fsQCA). The sample comprises 458 users of a leading P2P accommodation platform. Findings The fsQCA reveals four distinct combinations of motives. Social interaction and social esteem, either combined themselves or in partial combination with economic benefits, emerge as two important drivers of behavioral intention to use P2P accommodation. Sustainability appears in three of the combinations. Originality/value This paper contributes to the P2P accommodation literature by adopting a novel methodological approach that shows the complexity behind consumers’ intention to use P2P accommodation. Consumer motives cannot be considered as separate entities because their effect on consumer intention depends on the interplay among them. Therefore, the different combinations of motives should be managed simultaneously.

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“…The empirical results confirmed that overnight stays for foreign tourists were positively associated with the prices of short-stay accommodation. Tourists could benefit either from greater price stability or from differentiated seasonal prices, which are important in the promotion of the price attractiveness of the tourist destination [9]. The findings also reveal that the local tourist accommodation supply has experienced an especially dynamic, sustained growth over the past decade.…”

Section: Literature Reviewmentioning

confidence: 87%

Change in the Structure of the Accommodation Capacity of the Czech Hotel Industry under Conditions of Economic Globalization

et al. 2021

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As our research has shown, the number of foreign tourists visiting Czechia rose in the period between 2012 and 2017, as did hotel occupancy and accommodation prices. The growth of the local economy, the new airlines from Asia and the USA to Prague, and the perception of the Czech metropolis as a safe destination, played a big part in it. Compared to other accommodation facilities, the number of 5- and 4-star hotels is still growing in Czechia, thus better meeting the needs of demanding tourists. According to experience and statistical data, these are non-European tourists and tourists with above-average income. The growth in the number of these tourists had a strong influence on the increase in the number of hotels and the increase in the capacity of the highest-category hotels. Building new, quality hotels, and renovating historical buildings to a higher standard to provide an outstanding experience for foreign tourists staying in Czechia, can contribute to achieving the sustainability of the tourism sector in the country. Also mentioned is the current impact of the coronavirus pandemic on tourism in Czechia. A statistical analysis of time series of indicators and hypothesis testing were the main methods used in the study.

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Prices of short-stay accommodation: time series of a eurozone country

Cited by 14 publications

References 57 publications

Fluctuations in Hong Kong Hotel Industry Room Rates under the 2019 Novel Coronavirus (COVID-19) Outbreak: Evidence from Big Data on OTA Channels

Fluctuations in Hong Kong Hotel Industry Room Rates under the 2019 Novel Coronavirus (COVID-19) Outbreak: Evidence from Big Data on OTA Channels

The motives behind consumers’ intention to use peer-to-peer accommodation: an fsQCA application

Change in the Structure of the Accommodation Capacity of the Czech Hotel Industry under Conditions of Economic Globalization

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