Paper ID : 1653
Status : Paper published
Language : Turkish
Topic : Microeconomics and Entrepreneurship
Presenter: Asst. Prof. Dr. Nilgün Bilici
Session : 5D Turizm
The Analysis of Hotel Room Rates Using Hedonic Model: The Case of Erzurum
Otel Oda Fiyatlarının Hedonik Model İle Analizi: Erzurum Örneği
- Asst. Prof. Dr. Cem Işık (Atatürk University, Turkey)
- Asst. Prof. Dr. Nilgün Bilici (Atatürk University, Turkey)
In this study, it is aimed to analyze the relationship between the hotel room rates and its features by using hedonic price approach. In this context, the data of 26 factors of 20 hotels in Erzurum have been tested by setting log-log regression model on EViews 8 program. It has been determined that these 15 factors in 26 are significant and it has been also found that 13 factors of them (chain hotel, room size, bathroom, breakfast, LCD TV, a bar, Wi-Fi, shuttle, conference room, restaurant, night club, fitness center and fax/copier) increase the hotel room rate and two of them (location and skiing facilities) reduce the room rates.
JEL codes: D01, D02
Işık, Cem, Bilici, Nilgün (2016). "The Analysis of Hotel Room Rates Using Hedonic Model: The Case of Erzurum" in Proceedings of International Conference of Eurasian Economies 2016, pp.734-740, Kaposvár, HUNGARY.
Full paper in PDF format.
Session 5D: Turizm