Abstract

YALCIN, Fusun  and  MERT, Mehmet. Determination of hedonic hotel room prices with spatial effect in Antalya. Econ. soc. territ [online]. 2018, vol.18, n.58, pp.697-734. ISSN 2448-6183.  https://doi.org/10.22136/est20181228.

The purpose of the study is to create a hedonic price model containing spatial effect by identifying the accommodation facilities’ characteristics that affect the room rates in Antalya (Turkey) area. In this context, the data of 1444 hotels in Antalya was obtained. Since there was a spatial relationship between them, a spatial regression model was proposed. Explanatory spatial data analysis was applied to variables by stepwise regression. The Hedonic Price Model was established using Spatial Lag Model and it reveals that it is applicable to similar studies.

Keywords : exploratory spatial data analysis; spatial econometrics; statistics; spatial autocorrelation; hedonic pricing model.

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