Adoption of Covid-19 safety certification and pricing strategy in the hotel industry

References

• Abrate, G., A. Capriello, and G. Fraquelli. 2011. “When Quality Signals Talk: Evidence from the Turin Hotel Industry.” Tourism Management 32 (4): 912–921.
   Web of Science ®Google Scholar
• Aitchison, J., and S. Silvey. 1957. “The Generalization of Probit Analysis to the Case of Multiple Responses.” Biometrika 44 (1/2): 131–140.
   Web of Science ®Google Scholar
• Akerlof, G. A. 1970. “The Market for ‘Lemons’: Quality Uncertainty and the Market Mechanism.” The Quarterly Journal of Economics 84 (3): 488–500.
   Web of Science ®Google Scholar
• Arabadzhyan, A., P. Figini, and L. Zirulia. 2021. “Hotels, Prices and Risk Premium in Exceptional Times: The Case of Milan Hotels During the First COVID-19 Outbreak.” Annals of Tourism Research Empirical Insights 2 (2): 10023. doi:10.1016/j.annale.2021.100023.
   Google Scholar
• Balaguer, J., and J. C. Pernías. 2013. “Relationship Between Spatial Agglomeration and Hotel Prices. Evidence from Business and Tourism Consumers.” Tourism Management 36: 391–400. doi:10.1016/j.tourman.2012.10.004.
   Web of Science ®Google Scholar
• Beaumais, O., and S. Giannoni. 2018. “Insiders Vs. Outsiders in the Hotel Sector.” Applied Economics 50 (53): 5698–5711. doi:10.1080/00036846.2018.1488061.
   Web of Science ®Google Scholar
• Becerra, M., J. Santaló, and R. Silva. 2013. “Being Better Vs. Being Different: Differentiation, Competition, and Pricing Strategies in the Spanish Hotel Industry.” Tourism Management 34: 71–79. doi:10.1016/j.tourman.2012.03.014.
   Web of Science ®Google Scholar
• Belloni, A., V. Chernozhukov, and C. Hansen. 2014. “High-Dimensional Methods and Inference on Structural and Treatment Effects.” Journal of Economic Perspectives 28 (2): 29–50. doi:10.1257/jep.28.2.29.
   Web of Science ®Google Scholar
• Buunk, E., and E. van der Werf. 2019. “Adopters versus Non-Adopters of the Green Key Ecolabel in the Dutch Accommodation Sector.” Sustainability 11 (13): 35–63. doi:10.3390/su11133563.
   Web of Science ®Google Scholar
• Caswell, J. 1998. “How Labeling of Safety and Process Attributes Affects Markets for Food.” Agricultural and Resource Economics Review 27 (2): 151–158. doi:10.1017/S106828050000647X.
   Google Scholar
• El-Nemr, N., B. Canel-Depitre, and A. Taghipour. 2020. “The Determinants of Hotel Room Rates in Beirut: A Hedonic Pricing Model.” International Journal of Trade Economics and Finance 12 (2): 33–42.
   Google Scholar
• Espinet, J. M., M. Saez, G. Coenders, and M. Fluiva. 2003. “Effect on Prices of the Attributes of Holiday Hotels: A Hedonic Prices Approach.” Tourism Economics 9 (2): 165–177.
   Google Scholar
• Farzanegan, M. R., H. F. Gholipour, M. Feizi, R. Nunkoo, and A. E. Andargoli. 2021. “International Tourism and Outbreak of Coronavirus (COVID-19): A Cross-Country Analysis.” Journal of Travel Research 60 (3): 687–692. doi:10.1177/0047287520931593.
   Web of Science ®Google Scholar
• Hocking, R. R. 1976. “A Biometrics Invited Paper. The Analysis and Selection of Variables in Linear Regression.” Biometrics 32 (1): 1–50.
   Web of Science ®Google Scholar
• Insee. 2019. Tourisme - Fréquentation record en 2018, Bilan économique. Lille: Insee Hauts-de-France.
   Google Scholar
• Israeli, A. A. 2002. “Star Rating and Corporate Affiliation: Their Influence on Room Price and Performance of Hotels in Israel.” International Journal of Hospitality Management 21 (4): 405–424. doi:10.1016/S0278-4319(02)00037-3.
   Google Scholar
• Kuminoff, N., C. Zhang, and J. Rudi. 2010. “Are Travelers Willing to Pay a Premium to Stay at a “Green” Hotel? Evidence from an Internal Meta-Analysis of Hedonic Price Premia.” Agricultural and Resource Economics Review 39 (3): 468–484. doi:10.1017/S1068280500007450.
   Google Scholar
• Larceneux, F., F. Benoit-Moreau, and V. Renaudin. 2012. “Why Might Organic Labels Fail to Influence Consumer Choices? Marginal Labelling and Brand Equity Effects.” Journal of Consumer Policy 35 (1): 85–104.
   Google Scholar
• Lévi, L., J. J. Nowak, S. Petit, and H. Hammadou. 2020. “Industrial Legacy and Hotel Pricing: An Application of Spatial Hedonic Pricing Analysis in Nord-Pas-de-Calais, France.” Tourism Economics 28 (4): 870–898. doi:10.1177/1354816620977003.
   Web of Science ®Google Scholar
• Nelson, P. 1970. “Information and Consumer Behavior.” The Journal of Political Economy 78 (2): 311–329. doi:10.1086/259630.
   Web of Science ®Google Scholar
• Pawlicz, A., and T. Napierala. 2017. “The Determinants of Hotel Room Rates: An Analysis of the Hotel Industry in Warsaw, Poland.” International Journal of Contemporary Hospitality Management 29 (1): 571–588. doi:10.1108/IJCHM-12-2015-0694.
   Web of Science ®Google Scholar
• Rao, A. R., and R. W. Ruekert. 1994. “Brand Alliances as Signals of Product Quality.” Sloan Management Review 36 (Fall): 87–97.
   Google Scholar
• Rigall-I-Torrent, R., and M. Fluvià. 2011. “Managing Tourism Products and Destinations Embedding Public Good Components: A Hedonic Approach.” Tourism Management 32 (2): 244–255. doi:10.1016/j.tourman.2009.12.009.
   Web of Science ®Google Scholar
• Rivera, J., and J. Roeschmann. 2019. “Price Premium Effects of Business and Community Green Certifications: The Case of the Costa Rican Hotel Industry.” Business Strategy and Development 2 (2): 117–126.
   Google Scholar
• Roodman, D. 2008. “Through the Looking Glass, and What OLS Found There: On Growth, Foreign Aid, and Reverse Causality.” Working Paper n°137, Center for Global Development.
   Google Scholar
• Roodman, D. 2011. “Fitting Fully Observed Recursive Mixed-Process Models with Cmp.” The Journal: Promoting Communications on Statistics and Stata 11 (2): 159–206.
   Google Scholar
• Rosen, S. 1974. “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition.” The Journal of Political Economy 82 (1): 34–55. doi:10.1086/260169.
   Web of Science ®Google Scholar
• Soler, I. P., G. Gemar, M. B. Correia, and F. Serra. 2019. “Algarve Hotel Price Determinants: A Hedonic Pricing Model.” Tourism Management 70: 311–321. doi:10.1016/j.tourman.2018.08.028.
   Web of Science ®Google Scholar
• Tibshirani, R. 1996. “Regression Shrinkage and Selection via Lasso.” Journal of the Royal Statistical Society 58 (1): 267–288.
   Google Scholar
• Wang, D., and J. L. Nicolau. 2017. “Price Determinants of Sharing Economy Based Accommodation Rental: A Study of Listings from 33 Cities on Airbnb.Com.” International Journal of Hospitality Management 62: 120–131. doi:10.1016/j.ijhm.2016.12.007.
   Web of Science ®Google Scholar
• Wang, X., J. Sun, and H. Wen. 2019. “Tourism Seasonality, Online User Rating and Hotel Price: A Quantitative Approach Based on the Hedonic Price Model.” International Journal of Hospitality Management 79: 140–147. doi:10.1016/j.ijhm.2019.01.007.
   Web of Science ®Google Scholar
• World Travel & Tourism Council. 2021. “France 2021 Annual Research: Key Highlights.” https://wttc.org/
   Google Scholar
• World Travel & Tourism Council. 2021. “Global Economic Impact & Trends 2021.”
   Google Scholar
• Yacouel, N., and A. Fleischer. 2012. “The Role of Cybermediaries in Reputation Building and Price Premiums in the Online Hotel Market.” Journal of Travel Research 51 (2): 219–226. doi:10.1177/0047287511400611.
   Web of Science ®Google Scholar
• Yang, Y., N. J. Mueller, and R. R. Croes. 2016. “Market Accessibility and Hotel Prices in the Caribbean: The Moderating Effect of Quality-Signaling Factors.” Tourism Management 56: 40–51.
   Web of Science ®Google Scholar
• Yang, Y., H. Zhang, and X. Chen. 2020. “Coronavirus Pandemic and Tourism: Dynamic Stochastic General Equilibrium Modeling of Infectious Disease Outbreak.” Annals of Tourism Research 83: 102913. doi:10.1016/j.annals.2020.102913.
   PubMed Web of Science ®Google Scholar