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Article
Lodging Demands for Urban Hotels in Major Metropolitan Markets
Articles and Chapters
  • Linda Canina, Cornell University
  • Steven A. Carvell, Cornell University
Publication Date
1-1-2005
Abstract
Analyzing urban hotel properties located in major metropolitan markets during the 1989 to 2000 period, this study provides empirical evidence that various measures of current income, expectations of future income, the own price, and the price of substitutes, are statistically important factors influencing lodging demand at the property level. This study examines the relationship between lodging demand and these economic factors at the property level using a large cross section of properties and a long time horizon. The results show that income elasticities computed at the property level are significantly lower than those computed using aggregate lodging data. The results also show that the magnitude of the impact of GDP on lodging demand is similar to the magnitude of the sum of disposable personal income and corporate income. The relative magnitude of the impact of each of these economic factors on lodging demand varies across lodging market segments.
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Required Publisher Statement
© SAGE. Final version published as: Canina, L., & Carvell, S. A. (2005). Lodging demand for urban hotels in major metropolitan markets. Journal of Hospitality & Tourism Research, 29(3), 291-311. DOI: 10.1177/1096348004272174. Reprinted with permission. All rights reserved.

Citation Information

Canina, L., & Carvell, S. A. (2005). Lodging demand for urban hotels in major metropolitan markets [Electronic version]. Retrieved [insert date], from Cornell University, School of Hospitality Administration site: http://scholarship.sha.cornell.edu/articles/228