Consumer Behaviour in the Accommodation Services Market – a Comparison of Vienna, Bratislava and Prague in 2018
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F21%3A50018629" target="_blank" >RIV/62690094:18450/21:50018629 - isvavai.cz</a>
Alternative codes found
RIV/25619161:_____/21:N0000050
Result on the web
<a href="https://czasopisma.uni.lodz.pl/CER/article/view/10003/9705" target="_blank" >https://czasopisma.uni.lodz.pl/CER/article/view/10003/9705</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18778/1508-2008.24.16" target="_blank" >10.18778/1508-2008.24.16</a>
Alternative languages
Result language
angličtina
Original language name
Consumer Behaviour in the Accommodation Services Market – a Comparison of Vienna, Bratislava and Prague in 2018
Original language description
The paper aims to compare three accommodation services markets using empirical data from more than 250 accommodation facilities in specific destinations (Vienna, Bratislava, Prague). The data are available on a daily basis, but the resulting comparison is then performed on a monthly basis within 2018. The comparison is performed based on three basic criteria - occupancy, average daily rate and an indicator of price elasticity of demand. Price elasticity is measured using a log-log regression analysis. The key findings of the comparison are as follows: (1) The Vienna and Prague markets are similar in terms of occupancy and coefficient of price elasticity. In contrast, the Bratislava market showed statistically significant differences from the other two markets in all the criteria under review. (2) The Bratislava market operates at a significantly lower price range compared to the other markets analysed. In the long term, this market has also been lower in the field of occupancy. (3) The markets in Vienna and Prague respond more dynamically to changes in consumer behaviour by changing prices. (4) The so-called "November Phenomenon" has been identified, where all indicators in all markets behave unconventionally. (5) All markets have in common the fact that they have shown price-inelastic demand over the long term, and at the turn of the year, they all face Giffen's paradox.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Comparative Economic Research
ISSN
1508-2008
e-ISSN
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Volume of the periodical
24
Issue of the periodical within the volume
2
Country of publishing house
PL - POLAND
Number of pages
16
Pages from-to
137-152
UT code for WoS article
000668580400008
EID of the result in the Scopus database
2-s2.0-85120605385