Chapter 12 Drivers of Price in City Destinations: Vienna
DOI: 10.23912/9781911396512-3610 | ISBN: 9781911396512 |
Published: December 2017 | Component type: chapter |
Published in: Peer-to-Peer Accommodation Networks | Parent DOI: 10.23912/9781911396512-3454 |
Abstract
Peer-to-peer accommodation networks have been described as disruptive innovations, as revolutions in tourist accommodation, where demand is driven by new factors such as living like a local, authenticity and meeting new people. If indeed reasons for trading on these networks are so fundamentally different, prices should reflect that. This chapter investigates what drives the price of Airbnb listings in Vienna, and asks whether these price drivers are indeed new, or whether they reflect those in established commercial accommodation.
Contributors
- Bernhard Andreas Hrobath, Institute of Applied Statistics and Computing, University of Natural Resources and Life Sciences, Austria (Author)
- Friedrich Leisch, Institute of Applied Statistics and Computing, University of Natural Resources and Life Sciences, Austria (Author) http://orcid.org/0000-0001-7278-1983
- Sara Dolnicar, Department of Tourism, UQ Business School, The University of Queensland, Australia (Author) http://orcid.org/0000-0001-5176-3161
For the source title:
- Sara Dolnicar, Department of Tourism, UQ Business School, The University of Queensland, Australia (Editor) http://orcid.org/0000-0001-5176-3161
Cite as
Hrobath, Leisch & Dolnicar, 2017
Hrobath, B.A., Leisch, F. & Dolnicar, S. (2017) "Chapter 12 Drivers of Price in City Destinations: Vienna" In: Dolnicar, S. (ed) . Oxford: Goodfellow Publishers http://dx.doi.org/10.23912/9781911396512-3610
Save, bookmark or recommend
 Save on Mendeley |  Share on Twitter |  Share on LinkedIn |  Share on Facebook |
References
Andersson, D.E. (2010) Hotel attributes and hedonic prices: An analysis of internet-based transactions in Singapore's market for hotel rooms, Annals of Regional Science, 44 (2), 229–240. https://doi.org/10.1007/s00168-008-0265-4
Chen, C.F. and Rothschild, R. (2010) An application of hedonic pricing analysis to the case of hotel rooms in Taipei, Tourism Economics, 16 (3), 685–694. https://doi.org/10.5367/000000010792278310
Chen, Y. and Xie, K.L. (2017) Consumer valuation of Airbnb listings: A hedonic pricing approach, International Journal of Contemporary Hospitality Management, https://doi.org/10.1108/IJCHM-10-2016-0606
Edelman, B.G. and Luca, M. (2014) Digital discrimination: The case of airbnb.com, Harvard Business School NOM Unit Working Paper 14-54. https://doi.org/10.2139/ssrn.2377353
Ert, E., Fleischer, A., and Magen, N. (2016) Trust and reputation in the sharing economy: The role of personal photos in Airbnb, Tourism Management, 55, 62–73. https://doi.org/10.1016/j.tourman.2016.01.013
Espinet, J.M., Saez, A., Coenders, G., and Fluvià , M. (2003) Effect on prices of the attributes of holiday hotels: A hedonic prices approach, Tourism Economics, 9 (2), 165–177. https://doi.org/10.5367/000000003101298330
Gibbs, C., Guttentag, D., Gretzel, U., Morton, J., and Goodwill, A. (2017) Pricing in the sharing economy: A hedonic pricing model applied to Airbnb listings, Journal of Travel & Tourism Marketing, https://doi.org/10.1080/10548408.2017.1308292
Gutiérrez, J., GarcÃa-Palomares, J.C., Romanillos, G., and Salas-Olmedo, M.H. (2017) The eruption of Airbnb in tourist cities: Comparing spatial patterns of hotels and peer-to-peer accommodation in Barcelona, Tourism Management, 62, 278–291. https://doi.org/10.1016/j.tourman.2017.05.003
Gutt, D. and Herrmann, P. (2015) Sharing means caring? Hosts' price reaction to rating visibility, ECIS 2015 Research-in-Progress Papers, Paper 54.
Harrison, J. (2016) RSelenium: R Bindings for Selenium WebDriver, R package version 1.4.5, retrieved on September 11, 2017 from https://CRAN.R-project.org/package=RSelenium.
Kakar, V., Franco, J., Voelz, J., and Wu, J. (2016) Effects of host race information on Airbnb listing prices in San Francisco, retrieved on July 4, 2017 from https://mpra.ub.uni-muenchen.de/69974/.
Karlsson, L. and Dolnicar, S. (2016) Someone's been sleeping in my bed, Annals of Tourism Research, 58, 159–162. https://doi.org/10.1016/j.annals.2016.02.006
Karlsson, L., Kemperman, A., and Dolnicar, S. (2017) May I sleep in your bed? Getting permission to book, Annals of Tourism Research, 62, 1–12. https://doi.org/10.1016/j.annals.2016.10.002
Lee, S.K. and Jang, S. (2011) Room rates of US airport hotels: Examining the dual effects of proximities, Journal of Travel Research, 50 (2), 186–197. https://doi.org/10.1177/0047287510362778
Mastercard (2017) Mastercard global destination cities index, retrieved on September 3, 2017 from https://newsroom.mastercard.com/wp-content/uploads/2016/09/FINAL-Global-Destination-Cities-Index-Report.pdf.
Pawlicz, A. and Napierala, T. (2017) The determinants of hotel room rates: An analysis of the hotel industry in Warsaw, Poland, International Journal of Contemporary Hospitality Management, 29 (1), 571–588. https://doi.org/10.1108/IJCHM-12-2015-0694
R Core Team (2016) R: A language and environment for statistical computing. R Foundation for Statistical Computing, Vienna, Austria, retrieved from https://www.R-project.org/.
Rigall-I-Torrent, R., Fluvià , M., Ballester, R., Saló, A., Ariza, E., and Espinet, J.M. (2011) The effects of beach characteristics and location with respect to hotel prices, Tourism Management, 32 (5), 1150–1158. https://doi.org/10.1016/j.tourman.2010.10.005
Teubner, T., Saade, N., Hawlitschek, F., and Weinhardt, C. (2016) It's only pixels, badges, and stars: On the economic value of reputation on Airbnb, Australasian Conference on Information Systems, Wollongong.
Thrane, C. (2005) Hedonic price models and sun-and-beach package tours: The Norwegian case, Journal of Travel Research, 43 (3), 302–308. https://doi.org/10.1177/0047287504272034
Thrane, C. (2007) Examining the determinants of room rates for hotels in capital cities: The Oslo experience, Journal of Revenue and Pricing Management, 5 (4), 315–323. https://doi.org/10.1057/palgrave.rpm.5160055
Tussyadiah, I.P. (2016) Factors of satisfaction and intention to use peer-to-peer accommodation, International Journal of Hospitality Management, 55, 70–80. https://doi.org/10.1016/j.ijhm.2016.03.005
Tussyadiah, I.P. and Pesonen, J. (2016) Impacts of peer-to-peer accommodation use on travel patterns, Journal of Travel Research, 55 (8), 1022–1040. https://doi.org/10.1177/0047287515608505
Wang, D. and Nicolau, J.L. (2017) Price determinants of sharing economy ased accommodation rental: A study of listings from 33 cities on Airbnb.com, International Journal of Hospitality Management, 62, 120–131. https://doi.org/10.1016/j.ijhm.2016.12.007
Xie, K.L. and Mao, Z. (2017) The impacts of quality and quantity attributes of Airbnb hosts on listing performance, International Journal of Contemporary Hospitality Management, DOI: 10.1108/IJCHM-07–2016-0345. https://doi.org/10.1108/IJCHM-07-2016-0345