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An empirical analysis of Lisbon hotel room rates determinants

Author

Listed:
  • Conceição Gomes
  • Luís Lima Santos
  • Cátia Malheiros

Abstract

This study investigates the impact of several characteristics and attributes of hotels on room rates in one of the most visited cities in Europe. The research allows to compare, in a transparent way, findings of previous studies and promotes added value using for the first time the hedonic price model (HPM) in the hospitality industry in Lisbon, Portugal. Although hotel room price determinants have already been studied, in this study it was introduced physical variables and location variables all together, as well as it was added the variables relating to certain services offered. A significant impact on hotel prices by official stars and OTAs punctuation has been confirmed. In line with previous studies, an additional star and belonging to a chain allow the hotel to increase the price. In addition, other attributes, such as the distance of the hotel from the airport and the centre, have impact on hotel prices. The evidence that the existence of a spa and a pool influences hotel prices will support stakeholders in investment and management decision.

Suggested Citation

  • Conceição Gomes & Luís Lima Santos & Cátia Malheiros, 2021. "An empirical analysis of Lisbon hotel room rates determinants," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 14(3), pages 380-399.
    • Handle: RePEc:ids:ijpman:v:14:y:2021:i:3:p:380-399
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    Cited by:

    1. Marius-Ionuț Gordan & Elena Peț & Gabriela Popescu & Ioan Brad & Anda Ioana Milin & Tabita Cornelia Adamov & Ramona Ciolac & Anka Roxana Pascariu & Tiberiu Iancu, 2022. "Factors Influencing the Accommodation Prices of Romanian Rural Tourism," Sustainability, MDPI, vol. 15(1), pages 1-22, December.

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