¿Por qué los precios de los hoteles pueden tener diferencias según el país en el que se encuentren?

Abstract

Our study consists of comparing 3,084 hotels in different cities of two countries (Spain and France) and identifying which are determinate factors that most influence in fixing price hotel of each country, analyzing their similarities and differences. We use hedonic pricing models based on least squares estimation (OLS) and quantile regression estimation. The results obtained by both OLS and quantile regression confirm that hotel category is a stronger quality signal in France than in Spain while eWOM has more influence on the room price in Spain than in France. In both countries, the effect of hotel concentration is positive without evidence of significant differences in both countries.