Travel expense estimation by hedonic regression - The case of Switzerland
Type
conference paper
Date Issued
2006-12-04
Author(s)
Abstract
This paper estimates the expenditures of Swiss travellers by means of a hedonic regression. Based on the constituting elements of a trip (number of travel companions from the same household, duration of trip, choice of destination, means of transport and accommodation), the overall and marginal costs of a trip (and thus expenditures) are estimated by log-linear regression. The key determinants of travel expenditure are (1) with regard to domestic tourism the number of participating household members, and (2) with regard to international tourism the duration of a trip. With regard to all forms of tourism, the type of accommodation has the comparably highest effect on trip expenditures.
Funding(s)
Language
English
Keywords
Hedonic regression
expenses
price
Switzerland
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
ANZMAC 2006 Brisbane Conference
Event Title
Australian and New Zealand Marketing Academy (ANZMAC) Conference 2006
Event Location
Brisbane, Australia
Event Date
04.-06.12.2006
Subject(s)
Eprints ID
46697