Role of tourism and hotel accommodation in house prices

This paper investigates the influence of tourism and hotel accommodation on housing prices in 27 EU countries over the period from 2005 to 2018. The results of dynamic panel data confirmed the significant influence of standard housing prices determinants: economic growth, unemployment and credit to...

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Bibliographic Details
Published in:Annals of Tourism Research Empirical Insights
Main Authors: Blanka Škrabić Perić, Ana Rimac Smiljanić, Iva Kežić
Format: Article
Language:English
Published: Elsevier 2022-05-01
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666957922000040
Description
Summary:This paper investigates the influence of tourism and hotel accommodation on housing prices in 27 EU countries over the period from 2005 to 2018. The results of dynamic panel data confirmed the significant influence of standard housing prices determinants: economic growth, unemployment and credit to the private sector, whilst the population does not play a significant role. Our results empirically confirmed that tourism significantly increases housing prices regardless of used indicators. However, our main finding was that hotel accommodation plays a role as a buffer of the growth in housing prices caused by tourism. Obtained results provided evidence of interconnections among tourism, hotel accommodation and housing prices at a national level.
ISSN:2666-9579