Hedonic transaction-based price index for European hotels

Woltering, René-Ojas (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland)

The hotel real estate sector lacks a degree the degree of transparency that investors in the stock market or bond market are used to. The aim of this research project is to develop the first transaction-based hotel index for the European hotel market and make it available to all market participants. The project increases the transparency within the hotel industry. Based on a sample of 3278 European hotel transactions I develop a hedonic transaction based real estate index for hotels in Europe. The index controls for the impact of exchange rate changes. I document that European hotel prices have largely recovered from the lows of the Global financial crisis. The evidence suggest there is a substantial degree of heterogeneity among different types of real estate sectors.


Conference Type:
full paper
Faculty:
Economie et Services
School:
EHL
Institute:
Aucun institut
Subject(s):
Economie/gestion
Publisher:
New York, USA, 6-7 June 2019
Date:
2019-06
New York, USA
6-7 June 2019
Pagination:
13 p.
Published in:
Proceedings of the 3rd Wine & Hospitality Management Workshop
Appears in Collection:

Note: The status of this file is: restricted


 Record created 2019-11-08, last modified 2019-11-28

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