An Application of Hedonic Pricing Analysis to the Case of Hotel Rooms in Taipei

Ching-Fu Chen and Robert Rothschild
Additional contact information
Ching-Fu Chen: Department of Transportation and Communication Management Science, National Cheng Kung University, 1 University Rd., Tainan 701, Taiwan

Tourism Economics, 2010, vol. 16, issue 3, 685-694

Abstract: This study investigates the impact of a variety of attributes or ‘characteristics’ on the rates charged for hotel rooms in Taipei. The authors employ a ‘hedonic pricing’ method and use data obtained for 73 hotels from an Internet travel agent. The results show that hotel location, the availability of LED TV and the presence of conference facilities have significant effects on both weekday and weekend room rates. By contrast, Internet access and the presence of a fitness centre have significant effects on weekday rates only, while room size has a significant effect on weekend rates only. Of particular interest, given the results obtained in earlier work, is that in Taipei there is a negative relationship between proximity to the city centre and room rates, both on weekdays and at weekends.

Keywords: hedonic pricing; hotel room; service attributes; Taipei (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (53)

Downloads: (external link)
https://journals.sagepub.com/doi/10.5367/000000010792278310 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:16:y:2010:i:3:p:685-694

DOI: 10.5367/000000010792278310

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().