Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10451/42776 |
Resumo: | This article evaluates the impact of security in the hostel industry on the willingness to pay by customers. More specifically, given the importance of security in the decision to travel and in the choice of a given destination, we analyze the impact of security guest reviews on a consumer-generated website on hostel room prices. Furthermore, we investigate whether the impact of security guest reviews on the hostel room prices is higher for the hostels located in the countries with the lowest ranking in the Global Peace Index. Finally, we examine whether females and older guests are willing to pay a premium in terms of price for a hostel with a higher level of security. For this purpose, we estimate a hedonic price function for a sample of consumer reviews of 477 hostels in 22 worldwide capitals, with different levels of peace, from Hostelworld. The results highlight the importance of security on the determination of hostel room prices. We find that customers are willing to pay a higher premium in terms of price, in the least worldwide peaceful countries, for a hostel room with higher levels of security. In the case of women and older guests, the premium they are willing to pay is higher. |
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Effect of Security on Hostels’ Price Premiums: a hedonic pricing approachHostelsSecurityHospitality industryPricesHedonic pricing methodThis article evaluates the impact of security in the hostel industry on the willingness to pay by customers. More specifically, given the importance of security in the decision to travel and in the choice of a given destination, we analyze the impact of security guest reviews on a consumer-generated website on hostel room prices. Furthermore, we investigate whether the impact of security guest reviews on the hostel room prices is higher for the hostels located in the countries with the lowest ranking in the Global Peace Index. Finally, we examine whether females and older guests are willing to pay a premium in terms of price for a hostel with a higher level of security. For this purpose, we estimate a hedonic price function for a sample of consumer reviews of 477 hostels in 22 worldwide capitals, with different levels of peace, from Hostelworld. The results highlight the importance of security on the determination of hostel room prices. We find that customers are willing to pay a higher premium in terms of price, in the least worldwide peaceful countries, for a hostel room with higher levels of security. In the case of women and older guests, the premium they are willing to pay is higher.SAGE PublicationsRepositório da Universidade de LisboaCró, SusanaMartins, António MiguelSimões, José ManuelCalisto, Maria de Lurdes2020-04-08T12:33:44Z20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10451/42776engCró, S., Martins, A.M., Simões, J.M. & Calisto, M.L. (2019). Effect of security on hostels’ price premiums: A hedonic pricing approach. Cornell Hospitality Quarterly 60 (2), pp. 150-158. Doi:10.1177/19389655187772241938-965510.1177/19389655187772241938-9663info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-08T16:42:54Zoai:repositorio.ul.pt:10451/42776Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:55:44.700182Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
title |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
spellingShingle |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach Cró, Susana Hostels Security Hospitality industry Prices Hedonic pricing method |
title_short |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
title_full |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
title_fullStr |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
title_full_unstemmed |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
title_sort |
Effect of Security on Hostels’ Price Premiums: a hedonic pricing approach |
author |
Cró, Susana |
author_facet |
Cró, Susana Martins, António Miguel Simões, José Manuel Calisto, Maria de Lurdes |
author_role |
author |
author2 |
Martins, António Miguel Simões, José Manuel Calisto, Maria de Lurdes |
author2_role |
author author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Cró, Susana Martins, António Miguel Simões, José Manuel Calisto, Maria de Lurdes |
dc.subject.por.fl_str_mv |
Hostels Security Hospitality industry Prices Hedonic pricing method |
topic |
Hostels Security Hospitality industry Prices Hedonic pricing method |
description |
This article evaluates the impact of security in the hostel industry on the willingness to pay by customers. More specifically, given the importance of security in the decision to travel and in the choice of a given destination, we analyze the impact of security guest reviews on a consumer-generated website on hostel room prices. Furthermore, we investigate whether the impact of security guest reviews on the hostel room prices is higher for the hostels located in the countries with the lowest ranking in the Global Peace Index. Finally, we examine whether females and older guests are willing to pay a premium in terms of price for a hostel with a higher level of security. For this purpose, we estimate a hedonic price function for a sample of consumer reviews of 477 hostels in 22 worldwide capitals, with different levels of peace, from Hostelworld. The results highlight the importance of security on the determination of hostel room prices. We find that customers are willing to pay a higher premium in terms of price, in the least worldwide peaceful countries, for a hostel room with higher levels of security. In the case of women and older guests, the premium they are willing to pay is higher. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019 2019-01-01T00:00:00Z 2020-04-08T12:33:44Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10451/42776 |
url |
http://hdl.handle.net/10451/42776 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Cró, S., Martins, A.M., Simões, J.M. & Calisto, M.L. (2019). Effect of security on hostels’ price premiums: A hedonic pricing approach. Cornell Hospitality Quarterly 60 (2), pp. 150-158. Doi:10.1177/1938965518777224 1938-9655 10.1177/1938965518777224 1938-9663 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
SAGE Publications |
publisher.none.fl_str_mv |
SAGE Publications |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134498652160000 |