In:
Journal of Travel Research, SAGE Publications, Vol. 50, No. 2 ( 2011-03), p. 186-197
Abstract:
Location-based premiums for hotels have been observed in various segments, such as downtown and resort hotels. However, the location effect of airport hotels has not yet been studied, despite the longstanding history and significance of this market, which is arguably the most location-sensitive segment. It has also been found that former models for hotel location based on firms’ bid-rent functions were not directly applicable to airport hotels, even when the monocentricity assumption holds. Thus, the current study applied the household bid-rent function to provide a theoretical justification for premiums on airport proximity and estimated their effects on room rates using the hedonic pricing method. Results indicated that location premiums for airport hotels are simultaneously affected by their proximity to the central business district as well as the airport. Implications for the hotel industry and suggestions for future research are discussed.
Type of Medium:
Online Resource
ISSN:
0047-2875
,
1552-6763
DOI:
10.1177/0047287510362778
Language:
English
Publisher:
SAGE Publications
Publication Date:
2011
detail.hit.zdb_id:
2036634-6
SSG:
14
SSG:
3,2
