Hedonic Price Attributes of Airbnb Listings in Split

Domagoj Nikolic and Filip Cavar
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Domagoj Nikolic: Hospitality and Tourism Management Department, Rochester Institute of Technology Croatia, Croatia
Filip Cavar: Hospitality and Tourism Management Department, Rochester Institute of Technology Croatia, Croatia

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Abstract: As the sharing economy concepts such as Airbnb are new to Split, Croatia, the market is still unsettled and how to determine the appropriate rates is a question. The focus of this research was to find out the current price determinants (hedonic attributes) and provide a model of analysis so that sensible recommendations could be given on how the quality of hedonic attributes effects rates and occupancy. Using observation method and statistical analysis, the research showed that hedonic attributes of listings in Split provide practically no differentiation in rates or occupancy of listings. The main deciding factor seems to be the destination's popularity.

Keywords: Private accommodation; Airbnb; price determinants; hedonic attributes; pricing; Split (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp20:385-369

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