The effect of time on hotel pricing strategy

Josep Maria Raya

Applied Economics Letters, 2011, vol. 18, issue 13, 1201-1205

Abstract: Tourist product distribution over the Internet is encouraging companies to implement dynamic pricing policies. The aim of this article is to present an empirical model of the dynamics of room prices in tourist resorts on the Catalan coast. We estimate a discrete time duration model for the probability of a price change occurring at any particular time and a count model for the number of price changes occurring over the period. The results suggest that the largest marginal effects are caused by a change in the location, the hotel category and the market share.

Date: 2011
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DOI: 10.1080/13504851.2010.532091

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