21 世紀是休閒結合生活為主的世代，尤其旅遊市場蓬勃發展，渡假村正快速地成長，因此對渡假村業者而言，產品行銷與價格訂定的策略顯得非常重要。過去研究將特徵價格理論 (hedonic price theory) 應用在房地產，後來也用在旅館市場上，但是極少研究將此方法應用在渡假村，更不用提在亞洲的旅遊市場中。有鑑於此，本研究之主要目的為探討影響渡假村房價的因素，主要以渡假村的特徵因素如：線上用戶評論數量、線上星級評鑑、地點易及性、海景、客房設施、運動設施、客房舒適度、客房整潔度、服務、旅館設備狀況、親子設施、品牌連鎖及早餐來探討會顯著影響渡假村價格之因素，並加入可能之控制變項 (房間數量、季節性、假日與非假日)。本研究於線上旅遊平台Expedia 智遊網中搜尋字尾出現「渡假村」的關鍵字做資料蒐集，房價則是於網站上以臺灣、港澳及中國大陸的渡假村2019年3月、6月、9月及12月的第一週並只記錄期間內的最低價格。兩岸四地渡假村共225間 (臺灣93間；中國大陸123間；香港5間；澳門4間)，因蒐集的資料量採計四個季節、再區分週間與周末資料，所以總資料筆數是1800筆。研究方法以特徵價格理論與多元迴歸分析來探討影響渡假村價格之因素，研究結果顯示，在控制房間數量、季節性及假日與非假日下，線上用戶評論數量 (係數為.079)、線上星級評鑑 (係數為.238)、客房舒適度 (係數為.115)、親子設施 (係數為.087) 及品牌連鎖 (係數為.067) 對渡假村價格有正向顯著影響。建議業者可先著重正向影響渡假村房價的特徵因素並根據以上研究結果提供未來亞洲渡假村業者之定價參考依據。

The 21st century is an era which mainly combines life and leisure. The market for tourism is flourishing and resorts are continuing to grow rapidly and in significant numbers. Therefore, it’s important for the resort operators to promote products and create a realistic pricing strategy. Extant research using hedonic price theory is commonly used in real estate; however, recently, some authors have started to use hedonic price theory in the hotel market. However, there are few studies using hedonic price theory in resorts, especially in the Asian market. The purpose of this study is to examine the factors affecting room prices of resorts. These factors include volume of online review, online star ratings, accessibility of geographical location, ocean view, room facilities, sports-related facilities, room comfort, room cleanliness, service ,property condition, children’s play area, chain affiliation and breakfast and the control variable includes the number of rooms, seasonality and weekday and weekend. Empirical data including all the resorts in Taiwan (93), China (123), Hong Kong (5) and Macau (4) would be collected in the first week of March, June, September and December from Expedia. The total sample is 1800. The empirical regression results show that volume of online review (.079), online star ratings (.238), room comfort (.115), children’s play area (.087) and chain affiliation (.067) have significantly positive effects on the resort price. The managerial implication of the paper is also discussed and could help resort managers raise resort values in Asia.

朱英濠 (2013)。休閒度假村經營與管理。新北市：華立圖書。
林惠玲、陳正倉 (2003)。應用統計學。台北市：雙葉書廊有限公司。
梁建文 (2014)。渡假村關鍵成功因素之比較個案研究 (未出版碩士論文)。樹德科技大學，高雄市。
黃章恆 (2005)。生活型態與渡假村觀光意象關係之研究：以臺糖尖山埤江南渡假村為例 (未出版碩士論文)。靜宜大學，台中市。
楊琳、於荀 (2018)。中檔酒店親子是客房設計與營銷。商業經濟，4，70-71。
Abrate, G., Capriello, A., & Fraquelli, G. (2011). When quality signals talk: Evidence from the Turin hotel industry. Tourism Management, 32(4), 912-921.
Agmapisarn, C. (2014). A hedonic pricing analysis of hotel room rates in Bangkok. ABAC Journal, 34(2), 1-17.
Aguiló, P. M., Alegre, J., & Riera, A. (2001). Determinants of the price of German tourist packages on the island of Mallorca. Tourism Economics, 7(1), 59-74.
Ahn, J., & Back, K. J. (2018). Integrated resort: A review of research and directions for future study. International Journal of Hospitality Management, 69, 94-101.
Alin, A. (2010). Multicollinearity. Wiley Interdisciplinary Reviews: Computational Statistics, 2(3), 370-374.
Andersson, D. E. (2010). Hotel attributes and hedonic prices: An analysis of internet- based transactions in Singapore's market for hotel rooms. The Annals of Regional Science, 44(2), 229-240.
Andersson, D. E., & Jia, M. (2018). Official and Subjective Hotel Attributes Compared: Online Hotel Rates in Shanghai. Journal of China Tourism Research, 3, 1-16.
Baldassin, L., Gallo, M., & Mattevi, E. (2017). Tourism in European cities: Price competitiveness of hotels in towns of artistic interest. Tourism Economics, 23(1), 3-28.
Beracha, E., Hardin, W. G., & Skiba, H. M. (2018). Real estate market segmentation: Hotels as exemplar. The Journal of Real Estate Finance and Economics, 56(2), 252-273.
Bieger, T., & Wittmer, A. (2006). Air transport and tourism—Perspectives and challenges for destinations, airlines and governments. Journal of Air Transport Management, 12(1), 40-46.
Born, B., & Breitung, J. (2016). Testing for serial correlation in fixed-effects panel data models. Econometric Reviews, 35(7), 1290-1316.
Brooks, C., Lamport, M., Padachi, K., Sannassee, V., Seetah, K., & Seetanah, B. (2017). The impact of foreign real estate investment on land prices: evidence from Mauritius. Review of Development Economics, 21(4), 131-146.
Bull, A. O. (1994). Pricing a motel's location. International Journal of Contemporary Hospitality Management, 6(6), 10-15.
Butler, R. V. (1982). The specification of hedonic indexes for urban housing. Land Economics, 58(1), 96-108.
Carvell, S. A., & Herrin, W. E. (1990). Pricing in the hospitality industry: an implicit markets approach. FlU Hospitality Review, 8(2), 27-37.
Castro, C., & Ferreira, F. A. (2018). Online hotel ratings and its influence on hotel room rates: the case of Lisbon, Portugal. Tourism & Management Studies, 14(1), 63-72.
Cha, M. K., Yi, Y., & Bagozzi, R. P. (2016). Effects of customer participation in corporate social responsibility (CSR) programs on the CSR-brand fit and brand loyalty. Cornell Hospitality Quarterly, 57(3), 235-249.
Chan, S. (2018). Factors affecting revisit intention with customer satisfaction as a mediating variable in ecofriendly resorts. Journal Management Dan Inovasi, 9(1), 1-13.
Channoi, R., Clemes, M. D., & Dean, D. L. (2018). A comprehensive hierarchical model of beach resort hotel stays. Journal of Hospitality and Tourism Management, 37, 107-116.
Chattopadhyay, M., & Mitra, S. K. (2019). Do airbnb host listing attributes influence room pricing homogenously?. International Journal of Hospitality Management, 81, 54-64.
Chen, C. F., & Rothschild, R. (2010). An application of hedonic pricing analysis to the case of hotel rooms in Taipei. Tourism Economics, 16(3), 685-694.
Chen, W. D. (1996). Research on regional tourism real estate development. Economic Geography, 16(3), 86-90.
Cho, S. H., Newman, D. H., & Wear, D. N. (2003). Impacts of second home development on housing prices in the Southern Appalachian Highlands. Review of Urban & Regional Development Studies, 15(3), 208-225.
Cleveland, M., & Chang, W. (2009). Migration and materialism: The roles of ethnic identity, religiosity, and generation. Journal of Business Research, 62(10), 963-971.
de la Peña, M. R., Núñez-Serrano, J. A., Turrión, J., & Velázquez, F. J. (2016). Are innovations relevant for consumers in the hospitality industry? A hedonic approach for Cuban hotels. Tourism Management, 55, 184-196.
de Oliveira Santos, G. E. (2016). Worldwide hedonic prices of subjective characteristics of hostels. Tourism Management, 52, 451-454.
Espinet, J. M., Saez, M., Coenders, G., & Fluvia , M. (2003). Effect on prices of the attributes of the holiday hotels: A hedonic prices approach. Tourism Economics, 9(2), 165-177.
Espinet, J. M., Fluvià, M., Rigall-I-Torrent, R., & Saló, A. (2012). Hotel characteristics and seasonality in prices: an analysis using Spanish tour operators' brochures. Tourism Economics, 18(4), 749-767.
Filieri, R. (2016). What makes an online consumer review trustworthy?. Annals of Tourism Research, 58, 46-64.
Fleischer, A. (2012). A room with a view: A valuation of the Mediterranean sea view. Tourism Management, 33(3), 598-602.
Fang, M. L., Zheng, H. Y., & Peng, C. Y. (2009). Study and estimation of domestic tourism real estate research. Resource Development & Market, 25(2), 186-189.
Feng, X., & Humphreys, B. (2018). Assessing the economic impact of sports facilities on residential property values: A spatial hedonic approach. Journal of Sports Economics, 19(2), 188-210.
Gaines, B. L., Hubbard, S. S., Witte, J. E., & O'Neill, M. A. (2004). An analysis of children's programs in the hotel and resort industry market segment. International Journal of Hospitality & Tourism Administration, 5(4), 85-99.
Godnov, U., & Redek, T. (2018). Good food, clean rooms and friendly staff: Implications of user-generated content for Slovenian skiing, sea and spa hotels’ management. Management: Journal of Contemporary Management Issues, 23(1), 29-57.
Goodman, A. C. (1978). Hedonic prices, price indices and housing markets. Journal of Urban Economics, 5, 471-484.
Green, E. G., Deschamps, J. C., & Paez, D. (2005). Variation of individualism and collectivism within and between 20 countries: A typological analysis. Journal of Cross-Cultural Psychology, 36(3), 321-339.
Gretzel, U., & Yoo, K. H. (2008). Use and impact of online travel reviews. Information and Communication Technologies in Tourism, 2008, 35-46.
Guizzardi, A., Monti, A., & Ranieri, E. (2016). Rating hotel quality for corporate business travel departments. International Journal of Contemporary Hospitality Management, 28(12), 2842-2863.
Guray, C. B. M. (2018). Banana beach resort services and the level of customer satisfaction. International Journal of Scientific & Technology Research, 7(8), 204-214.
Hamilton, J. M. (2007). Coastal landscape and the hedonic price of accommodation. Ecological Economics, 62(3-4), 594-602.
Hamilton, S. E., & Morgan, O. A. (2010). Integrating Lidar, GIS, and Hedonic price modelling to measure amenity values in urban beach residential property markets. Computers, Environment and Urban Systems, 34(2), 133-141.
Hanink, D. M., & Stutts, M. (2002). Spatial demand for national battlefield parks. Annals of Tourism Research, 29, 707-719.
Herrera, M. R. G., Sasidharan, V., Hernández, J. A. Á., & Herrera, L. D. A. (2018). Quality and sustainability of tourism development in Copper Canyon, Mexico: Perceptions of community stakeholders and visitors. Tourism Management, 27, 91-103.
Herrmann, R., & Herrmann, O. (2014). Hotel roomrates under the influence of a large event: The Oktoberfest in Munich 2012. International Journal of Hospitality Management, 39, 21-28.
Hofstede, G. (2011). Dimensionalizing cultures: The Hofstede model in context. Online Readings in Psychology and Culture, 2(1), 8.
Hu, Y. H., & Chen, K. (2016). Predicting hotel review helpfulness: The impact of review visibility, and interaction between hotel stars and review ratings. International Journal of Information Management, 36(6), 929-944.
Hung, W. T., Shang, J. K., & Wang, F. C. (2010). Pricing determinants in the hotel industry: Quantile regression analysis. International Journal of Hospitality Management, 29, 378-384.
Israeli, A. A. (2002). Star rating and corporate affiliation: Their influence on room price and performance of hotels in Israel. International Journal of Hospitality Management, 21, 405-424.
Israeli, A. A., & Uriely, N. (2000). The impact of star ratings and corporate affiliation on hotel. Journal of Tourism and Hospitality Research, 2(1), 27-36.
Jiao, Y., Ertz, M., Jo, M. S., & Sarigollu, E. (2018). Social value, content value, and brand equity in social media brand communities: A comparison of Chinese and US consumers. International Marketing Review, 35(1), 18-41.
Juaneda, C., Raya, J. M., & Sastre, F. (2011). Pricing the time and location of a stay at a hotel or apartment. Tourism Economics, 17(2), 321-338.
Justel, A., Peña, D., & Zamar, R. (1997). A multivariate Kolmogorov-Smirnov test of goodness of fit. Statistics & Probability Letters, 35(3), 251-259.
Kaidou, D., Moore, W., & Charles-Soverall, W. (2014). Neighborhood features and the rental price of villas and cottages in Barbados. Journal of Hospitality & Tourism Research, 38(4), 528-545.
Khajehzadeh, I., & Vale, B. (2017). How house size impacts type, combination and size of rooms: a floor plan study of New Zealand houses. Architectural Engineering and Design Management, 13(4), 291-307.
Kibengo, R. W. (2018). Effect of all-inclusive packing on organsational performace in hotel industry in North Coast. Strategic Journal of Business & Change Management, 5(1), 1-5.
Kim, B., Kim, S., King, B., & Heo, C. Y. (2018). Luxurious or economical? An identification of tourists’ preferred hotel attributes using best-worst scaling (BWS). Journal of Vacation Marketing, 4, 1-14.
Kim, S. S., & Prideaux, B. (2005). Marketing implications arising from a comparative study of international pleasure tourist motivations and other travel-related characteristics of visitors to Korea. Tourism Management, 26(3), 347-357.
Lancaster, K. J. (1966). A new approach to consumer theory. Journal of Political Economy, 74, 132-157.
Latinopoulos, D. (2018). Using a spatial hedonic analysis to evaluate the effect of sea view on hotel prices. Tourism Management, 65, 87-99.
Lee, S. K., & Jang, S. (2011). Room rates of US airport hotels: examining the dual effects of proximities. Journal of Travel Research, 50(2), 186-197.
Luo, H., & Yang, Y. (2013). Spatial pattern of hotel distribution in China. Tourism and Hospitality Research, 13(1), 3-15.
Malasevska, I. (2018). A hedonic price analysis of ski lift tickets in Norway. Scandinavian Journal of Hospitality and Tourism, 18(2), 132-148.
Markus, H. R., & Kitayama, S. (1991). Culture and the self: Implications for cognition, emotion, and motivation. Psychological Review, 98(2), 224.
Martín, J. C., Román, C., & Mendoza, C. (2018). Determinants for sun-and-beach self-catering accommodation selection: A stated preference approach. Tourism Economics, 24(3), 319-336.
Martins, L. F., Gan, Y., & Ferreira-Lopes, A. (2017). An empirical analysis of the influence of macroeconomic determinants on World tourism demand. Tourism Management, 61, 248-260.
McKercher, B. (2002). Towards a classification of cultural tourists. International Journal of Tourism Research, 4(1), 29-38.
McKercher, B. (1998). The effect of market access on destination choice. Journal of Travel Research, 37(1), 39-47.
McKercher, B., & du Cros, H. (2003). Testing a cultural tourism typology. International Journal of Tourism Research, 5(1), 45-58.
Melián-González, S., Bulchand-Gidumal, J., & González López-Valcárcel, B. (2013). Online customer reviews of hotels: As participation increases, better evaluation is obtained. Cornell Hospitality Quarterly, 54(3), 274-283.
Men, L. R., & Tsai, W. H. S. (2012). How companies cultivate relationships with publics on social network sites: Evidence from China and the United States. Public Relations Review, 38(5), 723-730.
Miricho, N. M., & Adedipe, A. (2018). Attributes of Quality of Accommodation Facilities and Room Capacity Utilization of 3-5 Star Hotels in Nairobi, Kenya. International Journal of Scientific Research and Management, 6(12), 874-884.
Mohsin, A., Rodrigues, H., & Brochado, A. (2019). Shine bright like a star: Hotel performance and guests’ expectations based on star ratings. International Journal of Hospitality Management, 83, 103-114.
Naidoo, P., Ramseook-Munhurrun, P., Seebaluck, N. V., & Janvier, S. (2015). Investigating the motivation of baby boomers for adventure tourism. Procedia-Social and Behavioral Sciences, 175, 244-251.
Narangajavana, Y., & Hu, B. O. (2008). The Relationship Between the Hotel Rating System, Service Quality Improvement, and Hotel Performance Changes: A Canonical Analysis of Hotels in Thailand. Journal of Quality Assurance in Hospitality & Tourism, 9(1) 34 -56.
Nelson, J. P. (2010). Valuing rural recreation amenities: Hedonic prices for vacation rental houses at Deep Creek Lake, Maryland. Agricultural and Resource Economics Review, 39(3), 485-504.
O'Connor, P. (2010). Managing a hotel's image on TripAdvisor. Journal of Hospitality Marketing & Management, 19, 754-772
Ogüt, H., & Onur Tas, B. K. (2012). The influence of internet customer reviews on the online sales and prices in hotel industry. The Service Industries Journal, 32, 197-214.
Otoo, F. E., & Kim, S. (2018). Analysis of studies on the travel motivations of senior tourists from 1980 to 2017: progress and future directions. Current Issues in Tourism, 32, 1-25.
Pagliarin, S. (2017). Working leisure: entertaining guests in gated tourist resorts. Leisure Studies, 36(6), 752-763.
Papatheodorou, A. (2002). Exploring competitiveness in Mediterranean resorts. Tourism Economics, 8(2), 133-150.
Papatheodorou, A., Lei, Z., & Apostolakis, A. (2012). Hedonic price analysis. Handbook of research methods in tourism: Quantitative and qualitative approaches, 170-182.
Pasricha, P., Singh, B., & Verma, P. (2018). Ethical leadership, organic organizational cultures and corporate social responsibility: An empirical study in social enterprises. Journal of Business Ethics, 151(4), 941-958.
Pawlicz, A., & Napierala, T. (2017). The determinants of hotel room rates: an analysis of the hotel industry in Warsaw, Poland. International Journal of Contemporary Hospitality Management, 29(1), 571-588.
Peng, B., Song, H., & Crouch, G. I. (2014). A meta-analysis of international tourism demand forecasting and implications for practice. Tourism Management, 45, 181-193.
Pereira-Moliner, J., & Tarí, J. J. (2015). Quality certification, performance and size in hotel chains. Tourism Economics, 21(2), 307-324.
Psomas, E. L., & Kafetzopoulos, D. P. (2015). HACCP effectiveness between ISO 22000 certified and non-certified dairy companies. Food Control, 53, 134-139.
Rančić, M., Popov-Raljić, J., & Pavić, L. (2013). Spa-wellness center as part of the hotel facility. Tourism Management, 17(2), 45-59.
Razali, N. M., & Wah, Y. B. (2011). Power comparisons of shapiro-wilk, kolmogorov-smirnov, lilliefors and anderson-darling tests. Journal of Statistical Modeling and Analytics, 2(1), 21-33.
Recchia, A. (2010). R-squared measures for two-level hierarchical linear models using SAS. Journal of Statistical Software, 32(2), 1-9.
Reid, S., Johnston, N., & Patiar, A. (2017). Coastal resorts setting the pace: An evaluation of sustainable hotel practices. Journal of Hospitality and Tourism Management, 33, 11-22.
Rigall-I-Torrent, R., & Fluvià, M. (2011). Managing tourism products and destinations embedding public good components: a hedonic approach. Tourism Management, 32(2), 244-255.
Rosen, S. (1974). Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy, 82, 34-55.
Rosenbaum, M. S., & Walsh, G. (2012). Service nepotism in the marketplace. British Journal of Management, 23(2), 241-256.
Roubi, S., & Litteljohn, D. (2004). What makes hotel values in the UK? A hedonic valuation model. International Journal of Contemporary Hospitality Management, 16(3), 175-181.
Saló, A., Garriga, A., Rigall-I-Torrent, R., Vila, M., & Fluvià, M. (2014). Do implicit prices for hotels and second homes show differences in tourists’ valuation for public attributes for each type of accommodation facility? International Journal of Hospitality Management, 36, 120-129.
Sanchez-Ollero, J. L., García-Pozo, A., & Marchante-Mera, A. (2014). How does respect for the environment affect final prices in the hospitality sector? A hedonic pricing approach. Cornell Hospitality Quarterly, 55(1), 31-39.

Santoro, G. (2015). Evaluating Performance in the Hotel Industry: An Empirical Analysis of Piedmont. Special Issue: Attractiveness and Governance of Tourist Destinations. Journal of Investment and Management, 4 (1-1), 17-22.
Schamel, G. (2012). Weekend vs. midweek stays: Modelling hotel room rates in a small market. International Journal of Hospitality Management, 31(4), 1113-1118.
Schläpfer, F., Waltert, F., Segura, L., & Kienast, F. (2015). Valuation of landscape amenities: A hedonic pricing analysis of housing rents in urban, suburban and periurban Switzerland. Landscape and Urban Planning, 141, 24-40.
Septiawan, P., Nadra, N. M., & Astuti, N. N. S. (2018). Contribution of offline and online travel agent toward room occupancy at four points by Sheraton Bali Seminyak Hotel. Journal of Applied Sciences in Travel and Hospitality, 1(1), 1-24.
Séraphin, H., & Butcher, J. (2018). Tourism management in the Caribbean: The case of Haiti. Caribbean Quarterly, 64(2), 254-283.
Serra Cantallops, A. & Salvi, F. (2014). New consumer behavior: A review of research on eWOM and hotels. International Journal of Hospitality Management, 36, 41-51.
Singelis, T. M., Triandis, H. C., Bhawuk, D. P., & Gelfand, M. J. (1995). Horizontal and vertical dimensions of individualism and collectivism: A theoretical and measurement refinement. Cross-Cultural Research, 29(3), 240-275.
Soler, I. P., & Gémar, G. (2016). The impact of family business strategies on hotel room prices. European Journal of Family Business, 6(1), 54-61.
Soler, I. P., Gemar, G., & Guzman-Parra, V. F. (2018). A comparison of destinations’ impacts on hotel rates. International Journal of Hospitality Management. 3, 1-12.
Sun, H. L., & Wang, S. (2002). The effective way to deal with the backlog of real estate. Commercial Research, 10, 136-138.
Tang, L. R., Kim, J., & Wang, X. (2019). Estimating spatial effects on peer-to-peer accommodation prices: Towards an innovative hedonic model approach. International Journal of Hospitality Management, 81, 43-53.
Thrane, C. (2005). Hedonic price models and sun-and-beach package tours: the Norwegian case. Journal of Travel Research, 43(3), 302-308.
Thrane, C. (2007). Examining the determinants of room rates for hotels in capital cities: The Oslo experience. Journal of Revenue and Pricing Management, 5(4), 315-323.
Tomić, S., Leković, K., Marić, D., & Paskaš, N. (2018). The Role of Children in Family Vacation Decision-Making Process. TEME, 32, 661-677.
Triandis, H. C. (1996). The psychological measurement of cultural syndromes. American Psychologist, 51(4), 407.
Triandis, H. C. (2001). Individualism‐collectivism and personality. Journal of Personality, 69(6), 907-924.
Triandis, H. C., & Singelis, T. M. (1998). Training to recognize individual differences in collectivism and individualism within culture. International Journal of Intercultural Relations, 22(1), 35-47.
Tsai, H., Huang W. J. & Li, Y. (2016). The impact of tourism resources on tourism real estate value. Asia Pacific Journal of Tourism Research, 21(10), 1114-1125.
Ukpabi, D. C., & Karjaluoto, H. (2018). What drives travelers' adoption of user-generated content? A literature review. Tourism Management Perspectives, 28, 251-273.
Vilchez, J. R. (2013). Valuing Tourist Destinations: an Oaxaca‐Blinder Approach. International Journal of Tourism Research, 15(5), 417-429.
Wang, M., Lu, Q., Chi, R. T., & Shi, W. (2015). How word-of-mouth moderates room price and hotel stars for online hotel booking an empirical investigation with Expedia data. Journal of Electronic Commerce Research, 16(1), 72.
Wang, X., Sun, J., & Wen, H. (2019). Tourism seasonality, online user rating and hotel price: A quantitative approach based on the hedonic price model. International Journal of Hospitality Management, 79, 140-147.
White, P. J., & Mulligan, G. F. (2002). Hedonic estimates of lodging rates in the four corners region. The Professional Geographer, 54, 533-543.
Whitelaw, P. A., & Jago, L. (2009). Understanding the Key Elements of Star Ratings in Accommodation. Queensland, AU: CRC for Sustainable Tourism Pty Ltd.
Wei, W., Miao, L., & Huang, Z. (2013). Customer engagement behaviors and hotel responses. International Journal of Hospitality Management, 33, 316-330.
Wong, K. K., & Kim, S. (2012). Exploring the differences in hotel guests' willingness-to-pay for hotel rooms with different views. International Journal of Hospitality & Tourism Administration, 13(1), 67-93.
Xie, K. L., & Chen, Y. (2019). Effects of host incentives on multiple listings in accommodation sharing. International Journal of Contemporary Hospitality Management, 31(4), 1995-2013.
Xie, K., Zhang, Z. & Zhang, Z. (2014). The business value of online consumer reviews and management response to hotel performance. International Journal of Hospitality Management, 43, 1-12.
Yacouel, N., & Fleischer, A. (2012). The role of cybermediaries in reputation building and price premiums in the online hotel market. Journal of Travel Research, 51(2), 219-226.
Yang, Y., Mueller, N. J., & Croes, R. R. (2016). Market accessibility and hotel prices in the Caribbean: The moderating effect of quality-signaling factors. Tourism Management, 56, 40-51.
Yavas, U., & Babakus, E. (2005). Dimensions of hotel choice criteria: congruence between business and leisure travelers. International Journal of Hospitality Management, 24(3), 359-367.
Zangiabadi, A. Z., Vand, L. P. E., Pour, E. H., & Moslehi, M. (2012). Spatial analysis of tourism development indicators using TOPSIS (a case study of towns of Isfahan Province). Geography and Urban Development Journal, 1,1-12 .
Zervas, G., Proserpio, D., & Byers, J. W. (2017). The rise of the sharing economy: Estimating the impact of Airbnb on the hotel industry. Journal of Marketing Research, 54(5), 687-705.
Zhang, H., Zhang, J., Lu, S., Cheng, S., & Zhang, J. (2011). Modeling hotel room price with geographically weighted regression. International Journal of Hospitality Management, 30(4), 1036-1043.
Zhang, Z., Ye, Q., & Law, R. (2011). Determinants of hotel room price: An exploration of travelers' hierarchy of accommodation needs. International Journal of Contemporary Hospitality Management, 23(7), 972-981.
Zhou, L., Ye, S., Pearce, P. L., & Wu, M. Y. (2014). Refreshing hotel satisfaction studies by reconfiguring customer review data. International Journal of Hospitality Management, 38, 1-10.