Work detail

Price of Location: The Private versus Commercial Accommodation in Selected European Cities

Author: Bc. Barbora Houfková
Year: 2016 - summer
Leaders:
Consultants:
Work type: Bachelors
Language: English
Pages: 83
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/166902/
Abstract: This thesis investigates the relationship between the location and the price of
short-term accommodation in context of European metropolitan cities. We employ
the econometric OLS regression with log-level functional form to estimate
the influence of main determinants on the price of the accommodation. We
compare hotels and apartments in determined cities. We find out that there is
a negative relationship between the distance from the city centre and the price
of the accommodation. Our model determines the exact rate of drop in prices
due to increasing proximity from the city centre. Furthermore, we find distance
from the metro station and presence of Wi-Fi in the rooms as insignificant factors
for our sample. Finally, we explore that people’s perception of the metro
station is stable with changing proximity from the city centre. In conclusion,
we provide suggestions for further research based on our analyses.

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