Competition patterns, spatial and advance booking effects in the accommodation market online
Abstract
We study the characteristics of dynamic competition online in the accommodation market by exploiting daily best available rates (BAR) provided by online travel agencies, up to 28 days of advance booking. Based on a leader-follower scheme, we detect an underlying network defined by persistent competition relationships along the advance booking. Results indicate that, beside pure leaders and followers, some hotels adopt mixed behaviours. We...
Paper Details
Title
Competition patterns, spatial and advance booking effects in the accommodation market online
Published Date
Apr 1, 2019
Journal
Volume
71
Pages
476 - 489
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