Attributes, scoring and hedonic prices in the Province of Buenos Aires and CABA

an analysis based on Booking and Airbnb

Authors

DOI:

https://doi.org/10.7784/rbtur.v16.2587

Keywords:

Tourism, Airbnb, Sharing economy, Hedonic prices

Abstract

It is a well-known fact that the price per night that people must pay for accommodation varies greatly from one another. Several attributes determine the room rates that accommodations charge. These attributes include not only room quality but also access to various shared facilities, service quality, and the evaluation that consumers do regarding their stay. In this sense, the hedonic price technique has been used to estimate willingness to pay for product characteristics. This approach states that the price of a product can be considered as an additive function of the various attributes that have an implicit utility and price and can be determined separately. Considering this methodology and using data from two tourist websites, Booking and Airbnb, the aim of this paper is to study the influence of a variety of attributes on the room rates charged for accommodations in Buenos Aires Province (PBA) and the City of Buenos Aires (CABA). The results suggest a change in the willingness to pay in PBA from more traditional attributes (heating, air conditioning, etc.) to more specific ones (sports, spa, etc.). In CABA and PBA, attention should be paid to subjective attributes since they also have a significant impact on the price.

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Author Biographies

Manuela Cerimelo, Universidad Nacional de La Plata (UNLP), La Plata, Buenos Aires, Argentina.

Es Licenciada en Economía de la Universidad Nacional de La Plata (UNLP). Es investigadora junior del Instituto de Investigaciones Económicas de la Facultad de Ciencias Económicas de la UNLP. Ha participado en proyectos de investigación relacionados con las áreas de turismo y economía laboral.
Contribuiciones: diseño de la investigación, la revisión de la literatura, la recopilación de datos, el análisis de los datos y la discusión del trabajo.

Natalia Porto, Universidad Nacional de La Plata (UNLP), La Plata, Buenos Aires, Argentina.

Es Doctora en Economía de la Universidad Nacional de La Plata (UNLP). Es directora del Instituto de Investigaciones Económicas de la Facultad de Ciencias Económicas de la UNLP. Es Profesora Titular de Economía Internacional y Crecimiento Económico, Turismo y Medio Ambiente en la misma universidad. Es investigadora de tiempo completo, ha publicado varios artículos en revistas nacionales e internacionales y ha trabajado en muchos proyectos de investigación relacionados con el turismo. También es miembro de la Red Iberoamericana de Economía y Gestión del Turismo, de la Asociación Argentina de Economía Política y del Consejo Ejecutivo de la Asociación Internacional de Economía del Turismo. Contribuiciones: diseño de la investigación, la revisión de la literatura, el análisis de los datos y la discusión del trabajo.

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Published

2022-06-03

How to Cite

Cerimelo, M., & Porto, N. . (2022). Attributes, scoring and hedonic prices in the Province of Buenos Aires and CABA: an analysis based on Booking and Airbnb. Revista Brasileira De Pesquisa Em Turismo, 16, 2587. https://doi.org/10.7784/rbtur.v16.2587

Issue

Vol. 16 (2022)

Section

Articles - Tourism Management

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Copyright (c) 2022 Manuela Cerimelo, Natalia Porto

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