Do implicit prices show differences in tourists' valuation on hotel attributes in different time periods and different markets? A case of Beijing.

Purpose: The purpose of this paper is to analyze the implicit prices of hotel attributes in different time periods and different markets. Design/methodology/approach: With data from the travel meta-search engine, this paper chose 3- to 5-star hotels in Beijing's central business district and use hedonic price models. Findings: The results suggest that the attributes with significant implicit prices differ in different time periods; the same attributes with different implicit prices in different time periods; the same attributes with different implicit prices in different market segments. Originality/value: This study may help to explain the different findings on the relationship between the attributes and room rates of Chinese star-rated hotels in different time periods, and will be useful in both revenue optimization efforts and the design of new hotels projects. [ABSTRACT FROM AUTHOR]