Consumer Behaviour in the Accommodation Services Market – a Comparison of Vienna, Bratislava and Prague in 2018

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/25619161:_____/21:N0000050

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Consumer Behaviour in the Accommodation Services Market – a Comparison of Vienna, Bratislava and Prague in 2018

Popis výsledku v původním jazyce

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 &quot;November Phenomenon&quot; 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&apos;s paradox.

Název v anglickém jazyce

Consumer Behaviour in the Accommodation Services Market – a Comparison of Vienna, Bratislava and Prague in 2018

Popis výsledku anglicky

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 &quot;November Phenomenon&quot; 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&apos;s paradox.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Comparative Economic Research

ISSN

1508-2008

e-ISSN

—

Svazek periodika

24

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

16

Strana od-do

137-152

Kód UT WoS článku

000668580400008

EID výsledku v databázi Scopus

2-s2.0-85120605385