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

Celia Bilbao-Terol (), Verónica Cañal-Fernández (), Luis Valdés () and Eduardo Del Valle ()
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Celia Bilbao-Terol: Department of Economics, University of Oviedo, 33006 Oviedo, Spain
Verónica Cañal-Fernández: Department of Economics, University of Oviedo, 33006 Oviedo, Spain
Luis Valdés: Department of Applied Economics, University of Oviedo, 33006 Oviedo, Spain
Eduardo Del Valle: Department of Applied Economics, University of Oviedo, 33006 Oviedo, Spain

Sustainability, 2017, vol. 9, issue 10, 1-17

Abstract: 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.

Keywords: environmental amenities; geographic information system; hedonic price model; rural heritage; rural land use; rural tourism sustainability; self-catering cottages (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2017
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