Abstract
This paper attempts to examine the effect of sea view to room rates alongside other structural and locational attributes. Specifically, it aims to test whether rooms with a sea view are priced higher than others, thus trying to quantify the associated aesthetic values of coastal areas where tourism-related development is a key economic activity. For this purpose, a sample of 557 rooms in Halkidiki, Greece was collected through an online database during the summer tourist season. Subsequently, these data were integrated into a GIS-system in order to apply a spatial hedonic model. A semi-parametric geographically weighted regression model was used to assess the local effects, as well as, to investigate the spatial variability of the selected attributes. The results exhibited a significant spatial variability concerning the effect of sea view to room rates, indicating that local natural and/or tourism resources may have a substantial role in aesthetic values.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
