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Modeling hotel room price with geographically weighted regression

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WOS被引频次:28
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成果类型:
期刊论文
作者:
Zhang, Honglei;Zhang, Jie;Lu, Shaojing;Cheng, Shaowen;Zhang, Jinhe
通讯作者:
Zhang, J
作者机构:
[Cheng, Shaowen] Huazhong Normal Univ, Sch Urban & Environm Sci, Wuhan, Peoples R China.
[Zhang, Jinhe; Zhang, Jie; Zhang, Honglei; Lu, Shaojing] Nanjing Univ, Sch Geog & Oceanog Sci, Nanjing 210093, Jiangsu, Peoples R China.
通讯机构:
[Zhang, J] Nanjing Univ, Sch Geog & Oceanog Sci, Nanjing 210093, Jiangsu, Peoples R China.
语种:
英文
关键词:
Hotel room price;Hedonic price model;Spatial autocorrelation;Geographically weighted regression;Beijing
期刊:
INTERNATIONAL JOURNAL OF HOSPITALITY MANAGEMENT
ISSN:
0278-4319
年:
2011
卷:
30
期:
4
页码:
1036-1043
文献类别:
WOS:Article
所属学科:
ESI学科类别:社会科学,概论;WOS学科类别:Hospitality, Leisure, Sport & Tourism
入藏号:
摘要:
Insufficient attention has been given to hotel-room-price attributions and its mechanism in the lodging research field till now. This article examines how site and situation factors differently affect lodging industry and room prices. Comparative analysis of four hedonic price models has been conducted to investigate how these attributions influence room price of Beijing's hotels above star three. Spatial auto-correlation in hotel prices and in hedonic room price equation residuals were analyzed in this research too. Some conclusions can be found and summarized: according to the estimated results, for specific locales, the results expressed in a global model might be inaccurate. The fitting coefficient of geographically weighted regression demonstrates the importance of going beyond the global modeling framework when incorporating geographically weighted regression into hedonic price model. At last, an innovative method for determining the influence of a hotel's attributes at market rates on its' values, or implicit prices was put forward by the authors. (C) 2011 Elsevier Ltd. All rights reserved.
参考文献:
Arbel A., 1977, J TRAVEL RES, V15, P18, DOI DOI 10.1177/004728757701500305
Brunsdon C, 1998, J ROY STAT SOC D-STA, V47, P431, DOI 10.1111/1467-9884.00145
Brunsdon C, 1999, J REGIONAL SCI, V39, P497, DOI 10.1111/0022-4146.00146
Brunsdon C, 1998, ENVIRON PLANN A, V30, P957, DOI 10.1068/a300957
Bull A. O., 1993, International Journal of Contemporary Hospitality Management, V5, P28

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