A demand-driven analysis of tourist accommodation price: A quantile regression of room bookings [Summary]

TR Number

Date

2015-09

Journal Title

Journal ISSN

Volume Title

Publisher

Virginia Tech

Abstract

Tourist accommodation expenditure is a widely investigated topic as it represents a major contribution to the total tourist expenditure. The identification of the determinant factors is commonly based on supply-driven applications while little research has been made on important travel characteristics. This paper proposes a demand-driven analysis of tourist accommodation price by focusing on data generated from room bookings. The investigation focuses on modeling the relationship between key travel characteristics and the price paid to book the accommodation.

Description

Keywords

Hotel booking, Accommodation expenditure, Quantile regression

Citation