IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v24y2018i4p492-499.html
   My bibliography  Save this article

Study on the preference for capsule hotel attributes using a choice experiment

Author

Listed:
  • Won Seok Lee

    (Kyonggi University, South Korea)

  • Joon-Kyu Lee

    (The Korea Transport Institute, South Korea)

  • Joonho Moon

    (Kangwon National University, South Korea)

Abstract

The main purpose of this study is to investigate the attributes of capsule hotels preferred by individuals. To this end, a choice experiment (CE) was adopted; a CE is a systematic method used to determine individual preferences with regard to goods and services. A well-known advantage of CEs is their ability to capture a pecuniary value for target attributes in the form of marginal willingness to pay (MWTP). By comparing the sizes of MWTPs, we can recognize the order of preference among attributes. Amazon Mechanical Turk was used to collect the study data. We examined the magnitudes of the degree of preferences for “additional services provided,†“accessibility,†and “price.†The findings indicate that price is negatively associated with capsule hotel choice, whereas accessibility and service are positively associated with capsule hotel choice.

Suggested Citation

  • Won Seok Lee & Joon-Kyu Lee & Joonho Moon, 2018. "Study on the preference for capsule hotel attributes using a choice experiment," Tourism Economics, , vol. 24(4), pages 492-499, June.
  • Handle: RePEc:sae:toueco:v:24:y:2018:i:4:p:492-499
    DOI: 10.1177/1354816618765345
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1354816618765345
    Download Restriction: no

    File URL: https://libkey.io/10.1177/1354816618765345?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Grigolon, Anna B. & Kemperman, Astrid D.A.M. & Timmermans, Harry J.P., 2012. "The influence of low-fare airlines on vacation choices of students: Results of a stated portfolio choice experiment," Tourism Management, Elsevier, vol. 33(5), pages 1174-1184.
    2. Nick Hanley & Robert Wright & Vic Adamowicz, 1998. "Using Choice Experiments to Value the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 413-428, April.
    3. Darcy, Simon, 2010. "Inherent complexity: Disability, accessible tourism and accommodation information preferences," Tourism Management, Elsevier, vol. 31(6), pages 816-826.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jerrod Penn & Wuyang Hu, 2021. "Travelers’ value of protective measures against bed bugs in hotels," Tourism Economics, , vol. 27(7), pages 1398-1416, November.
    2. Renato Perez Loyola & Erda Wang & Nannan Kang, 2021. "Economic valuation of recreational attributes using a choice experiment approach: An application to the Galapagos Islands," Tourism Economics, , vol. 27(1), pages 86-104, February.
    3. Se-Hyuk Kim & James W Mjelde & Tae-Kyun Kim & Choong-Ki Lee & Byunggil Chun, 2023. "Willingness to pay for attributes of Templestay and implications on marginal utility of different meditation forms," Tourism Economics, , vol. 29(4), pages 1100-1120, June.
    4. Lee, Won Seok & Tang, Ruohan & Moon, Joonho & Song, Myungkeun, 2022. "The structural relationship between a low-cost carrier’s service experience, corporate social responsibility, brand love, and reuse intention: The case of Southwest Airlines," Journal of Air Transport Management, Elsevier, vol. 102(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chaikaew, Pasicha & Hodges, Alan W. & Grunwald, Sabine, 2017. "Estimating the value of ecosystem services in a mixed-use watershed: A choice experiment approach," Ecosystem Services, Elsevier, vol. 23(C), pages 228-237.
    2. Anabela Botelho & Lina Sofia Lourenço-Gomes & Lígia Costa Pinto & Sara Sousa & Marieta Valente, 2016. "Accounting for local impacts of photovoltaic farms: two stated preferences approaches," NIMA Working Papers 64, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
    3. Aude Ridier & Caroline Roussy & Karim Chaib, 2021. "Adoption of crop diversification by specialized grain farmers in south-western France: evidence from a choice-modelling experiment," Review of Agricultural, Food and Environmental Studies, Springer, vol. 102(3), pages 265-283, September.
    4. de Ayala, Amaia & Hoyos, David & Mariel, Petr, 2015. "Suitability of discrete choice experiments for landscape management under the European Landscape Convention," Journal of Forest Economics, Elsevier, vol. 21(2), pages 79-96.
    5. Kallas, Z. & Gómez-Limón, J.A., 2007. "Valoración De La Multifuncionalidad Agraria: Una Aplicación A Través Del Método De Los Experimentos De Elección/Agricultural Multifunctionality Valuation: A Case Study Using The Choice Experiment," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 25, pages 107-144, Abril.
    6. Concu, Giovanni B., 2007. "Investigating distance effects on environmental values: a choice modelling approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(2), pages 1-20.
    7. Stefano Ceolotto & Eleanor Denny, 2021. "Putting a new 'spin' on energy labels: measuring the impact of reframing energy efficiency on tumble dryer choices in a multi-country experiment," Trinity Economics Papers tep1521, Trinity College Dublin, Department of Economics.
    8. Bergmann, Ariel & Colombo, Sergio & Hanley, Nicholas & Ready, Richard & Stewart, Mairi & Watson, Fiona, 2008. "The impacts of knowledge of the past on preferences for future landscape change," Stirling Economics Discussion Papers 2008-05, University of Stirling, Division of Economics.
    9. Richard T. Carson & Miko_aj Czajkowski, 2014. "The discrete choice experiment approach to environmental contingent valuation," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 9, pages 202-235, Edward Elgar Publishing.
    10. Domínguez-Torreiro, Marcos & Soliño, Mario, 2011. "Provided and perceived status quo in choice experiments: Implications for valuing the outputs of multifunctional rural areas," Ecological Economics, Elsevier, vol. 70(12), pages 2523-2531.
    11. Roussy, Caroline & Ridier, Aude & Chaib, Karim, 2014. "A methodological proposal to approach farmers’ adoption behavior: stated preferences and perceptions of the innovation," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182983, European Association of Agricultural Economists.
    12. Catherine M.H. Keske & Greta Lohman & John B. Loomis, 2013. "Do Respondents Report Willingness-to-Pay on a per Person or per Group Basis? A High Mountain Recreation Example," Tourism Economics, , vol. 19(1), pages 133-145, February.
    13. List John A. & Sinha Paramita & Taylor Michael H., 2006. "Using Choice Experiments to Value Non-Market Goods and Services: Evidence from Field Experiments," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(2), pages 1-39, January.
    14. Maksym Polyakov & Morteza Chalak & Md. Sayed Iftekhar & Ram Pandit & Sorada Tapsuwan & Fan Zhang & Chunbo Ma, 2018. "Authorship, Collaboration, Topics, and Research Gaps in Environmental and Resource Economics 1991–2015," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 217-239, September.
    15. Bart Neuts & Peter Nijkamp & Eveline Van Leeuwen, 2012. "Crowding Externalities from Tourist Use of Urban Space," Tourism Economics, , vol. 18(3), pages 649-670, June.
    16. Chiadmi, Ines & Traoré, Sidnoma Abdoul Aziz & Salles, Jean-Michel, 2020. "Asian tiger mosquito far from home: Assessing the impact of invasive mosquitoes on the French Mediterranean littoral," Ecological Economics, Elsevier, vol. 178(C).
    17. Zandersen, Marianne & Oddershede, Jakob Stoktoft & Pedersen, Anders Branth & Nielsen, Helle Ørsted & Termansen, Mette, 2021. "Nature Based Solutions for Climate Adaptation - Paying Farmers for Flood Control," Ecological Economics, Elsevier, vol. 179(C).
    18. Jin, Jianjun & Wang, Zhishi & Ran, Shenghong, 2006. "Comparison of contingent valuation and choice experiment in solid waste management programs in Macao," Ecological Economics, Elsevier, vol. 57(3), pages 430-441, May.
    19. Elena Ojea & Paulo Nunes & Maria Loureiro, 2010. "Mapping Biodiversity Indicators and Assessing Biodiversity Values in Global Forests," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(3), pages 329-347, November.
    20. Broberg, Thomas & Daniel, Aemiro Melkamu & Persson, Lars, 2021. "Household preferences for load restrictions: Is there an effect of pro-environmental framing?," Energy Economics, Elsevier, vol. 97(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:24:y:2018:i:4:p:492-499. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.