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A Bivariate Integer Valued Allocation Model for Guest Nights in Hotels and Cottages

Author

Listed:
  • Brännäs, Kurt

    (Department of Economics, Umeå University)

  • Nordström, Jonas

    (Department of Economics, Umeå University)

Abstract

The number of Norwegian guest nights in Swedish hotels and cottages is studied. Aggregation of an integer-valued AR(1) model and a two-stage demand model underlies the empirical results. The parameters in the model are check-out probability, mean check-in and the probability of selecting the hotel alternative. These parameters are specified to depend on economic variables implied by demand analysis. Via the probability of selecting a hotel, the empirical results indicate a substitution towards less expensive accommodation as the Swedish price level increases. For the check-out probability, an increase in the cottage price reduces the probability for staying another night in cottage, whereas an increase in the hotel price indicates a decrease in the check-out probability for hotel.

Suggested Citation

  • Brännäs, Kurt & Nordström, Jonas, 2000. "A Bivariate Integer Valued Allocation Model for Guest Nights in Hotels and Cottages," Umeå Economic Studies 547, Umeå University, Department of Economics.
    • Handle: RePEc:hhs:umnees:0547
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    Cited by:

    1. Pedeli, Xanthi & Karlis, Dimitris, 2013. "Some properties of multivariate INAR(1) processes," Computational Statistics & Data Analysis, Elsevier, vol. 67(C), pages 213-225.

    More about this item

    Keywords

    Integer-valued time series; demand analysis; tourism; accomodation; hotel; cottage;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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