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An investigation of the determinants of profitability in a short‐stay accommodation market
journal contribution
posted on 2023-05-20, 18:52 authored by Marsden, A, Sibly, HThis paper examines the determinants of the profitability of short‐stay accommodation providers in Tasmania, utilising a survey conducted from July 2007 to June 2008. The survey provides insight into a time when some firms had adopted the 'new' information technologies to make sales while others continued with traditional methods. We find the use of online sales is associated with higher profit. Further profit is higher during summer (high season), for firms with a high star rating and for firms who make a larger proportion of their sales directly to customers, and lower when owner operators are motivated by lifestyle considerations.
History
Publication title
Australian Economic ReviewPagination
1-15ISSN
0004-9018Department/School
TSBEPublisher
Wiley-Blackwell Publishing AsiaPlace of publication
AustraliaRights statement
Copyright 2020 The University of Melbourne, Melbourne Institute: Applied Economic & Social Research, Faculty of Business and EconomicsRepository Status
- Restricted