Tourist Areas: Examining the Effects of Location Attributes on Tour-Operator Package Holiday Prices

Abstract

[eng] This paper focuses on an analysis of the effect of locational characteristics on holiday prices, using the</p><p>hedonic price model to estimate them. The paper’s main finding is that location attributes do have an</p><p>effect on prices. More specifically, when hotel-related locational characteristics were analysed, a negative</p><p>relationship was observed between prices and the distance to the beach for German and British package</p><p>holidays, a positive relationship between prices and the distance to the centre of the tourist resort for</p><p>British tourists, and a negative one in this instance for German tourists. Having a room with a sea view</p><p>was found to push up the price for both German and British packages and price differences among tourist</p><p>resorts were also observed. As for the area-related attributes that were considered, only the distance</p><p>from the tourist resort to the airport turned out to be relevant, with a negative effect on prices being</p><p>identified.</p>