Author:
Teichert Thorsten,González-Martel Christian,Hernández Juan M.,Schweiggart Nadja
Abstract
Purpose
This study aims to explore the use of time series analyses to examine changes in travelers’ preferences in accommodation features by disentangling seasonal, trend and the COVID-19 pandemic’s once-off disruptive effects.
Design/methodology/approach
Longitudinal data are retrieved by online traveler reviews (n = 519,200) from the Canary Islands, Spain, over a period of seven years (2015 to 2022). A time series analysis decomposes the seasonal, trend and disruptive effects of six prominent accommodation features (view, terrace, pool, shop, location and room).
Findings
Single accommodation features reveal different seasonal patterns. Trend analyses indicate long-term trend effects and short-term disruption effects caused by Covid-19. In contrast, no long-term effect of the pandemic was found.
Practical implications
The findings stress the need to address seasonality at the single accommodation feature level. Beyond targeting specific features at different guest groups, new approaches could allow dynamic price optimization. Real-time insight can be used for the targeted marketing of platform providers and accommodation owners.
Originality/value
A novel application of a time series perspective reveals trends and seasonal changes in travelers’ accommodation feature preferences. The findings help better address travelers’ needs in P2P offerings.
Subject
Tourism, Leisure and Hospitality Management
Reference87 articles.
1. Marketplace lodging needs of mature travelers;Cornell Hotel and Restaurant Administration Quarterly,1992
2. Growing global in the sharing economy: lessons from Uber and Airbnb;Global Business and Organizational Excellence,2018
3. Seasonality in the peer-to-peer market for tourist accommodation: the case of Majorca;Journal of Hospitality and Tourism Insights,2022
4. Co-creation of the tourist experience via internet: towards exploring a new practice;Marketing,2017
5. Comparing customer perceptions of hotel and peer-to-peer accommodation advantages and disadvantages;International Journal of Contemporary Hospitality Management,2018