The Number of Occupied Hotel Rooms: A Time Series Model that Accounts for Constrained Capacity and Prices

Kurt Brännäs () and Jonas Nordström

No 559, Umeå Economic Studies from Umeå University, Department of Economics

Abstract: The daily number of occupied hotel rooms in three large Swedish cities is modelled by an integer-valued and binomial autoregression. The model includes the capacity constraint and price variables are incorporated through the parameters of the model. The model implies a duration of hotel visit and an occupancy probability. We find that a 10 percent increase in the price level shortens the median duration of a hotel visit by approximately 6 percent during weekends and 8 percent during weekdays.

Keywords: Binomial; autoregression; estimation; demand analysis; rationed; price effect (search for similar items in EconPapers)
JEL-codes: C22 C25 C51 D21 L83 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2001-05-23
References: Add references at CitEc
Citations:

Published in Studies in Nonlinear Dynamics and Econometrics, 2004.

Downloads: (external link)
http://www.econ.umu.se/DownloadAsset.action?conten ... Id=3&assetKey=ues559 (application/pdf)

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:hhs:umnees:0559

Access Statistics for this paper

More papers in Umeå Economic Studies from Umeå University, Department of Economics Department of Economics, Umeå University, S-901 87 Umeå, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by David Skog ().