Estimating the spatial and time decay impacts of a local event
Short Abstract
This paper studies the spatial and temporal decay impacts of a local event on tourism accommodation in a region. The results show that the day of the event, the number of occupied rooms, ADR and revenue reach a marked peak. Moreover, it shows the presence of a time decay impact on revenue, which is asymmetric in favour of the days before the event. A spatial panel data regression method has been employed. The case study concerns Ironman Triathlon event and its impact on the Airbnb listings in the Spanish region of Vitoria-Gasteiz in 2019.
Type of Submission
Paper Presentation
Location
Gran Canaria
Recommended Citation
Cazorla-Artiles, José Manuel and Eugenio-Martin, Juan Luis, "Estimating the spatial and time decay impacts of a local event" (2023). ITSA 2022 Gran Canaria - 9th Biennial Conference: Corporate Entrepreneurship and Global Tourism Strategies After Covid 19. 39.
https://docs.lib.purdue.edu/itsa/ITSA2022/ITSA2022/39
Revised Submission
Participation
Attend the conference at Gran Canaria in person.
Estimating the spatial and time decay impacts of a local event
Gran Canaria
This paper studies the spatial and temporal decay impacts of a local event on tourism accommodation in a region. The results show that the day of the event, the number of occupied rooms, ADR and revenue reach a marked peak. Moreover, it shows the presence of a time decay impact on revenue, which is asymmetric in favour of the days before the event. A spatial panel data regression method has been employed. The case study concerns Ironman Triathlon event and its impact on the Airbnb listings in the Spanish region of Vitoria-Gasteiz in 2019.
https://docs.lib.purdue.edu/itsa/ITSA2022/ITSA2022/39