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- W2891539145 abstract "Abstract This study sought to assess customers' willingness to pay for a wide variety of characteristics and attributes of hotels in Portugal's Algarve region. After collecting nearly all the information available on TripAdvisor for hotels in this region, a hedonic pricing model was developed using a database of 9992 cases. The results suggest that – after standardisation – the most important variable shaping Algarve hotel room rates is the previous day's prices. When associated with a family-friendly hotel, star category and services have a greater value than beaches or golf courses do. Customers also appreciate some types of hotels, such as boutique, quaint or trendy hotels, but view others negatively, such as family-friendly or business hotels. Only the specific location of Falesia Beach adds value, although the Algarve is a desirable destination overall. Both destination and hotel managers can use the proposed method to analyse data for their region on customers' propensity to pay." @default.
- W2891539145 created "2018-09-27" @default.
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- W2891539145 date "2019-02-01" @default.
- W2891539145 modified "2023-10-06" @default.
- W2891539145 title "Algarve hotel price determinants: A hedonic pricing model" @default.
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- W2891539145 doi "https://doi.org/10.1016/j.tourman.2018.08.028" @default.
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