Pricing the Time and Location of a Stay at a Hotel or Apartment

Abstract

This paper presents a comparative study of the price component of the physical characteristics and the location of apartments and hotels in order to compare their effect on the final price of both types of accommodation. In addition the authors carry out a comparative study of the price component of the point in time at which the stay was offered. For the price component of the actual place, substantial variability can be observed in the case of hotels, whereas little variability can be observed in the case of apartments. When seasonality is compared, slightly lower seasonality can be observed for hotels in relation to apartments throughout the period under study, and higher seasonality observed in the case of Spanish resorts (particularly the Balearic Islands) in comparison with French ones.