| 요약2 |
The paper aims to identify factors for short-term supply and demand of hotel rooms. In order to explain the effects among variables, simultaneous model is used as a econometrical model. Twenty nine years of time series data about five-star hotels in Seoul were used as endogeneous variables and socio-economic data of South Korea, America, Japan as exgeneous variables. As a result of this study, hotel room supply at certain point of time seems to be influenced by the vacancy of hotel rooms, room rate, exchange rate, GDP of Korea and USA. And hotel demand is influenced by the number of residents in hotel, their expenditure on hotel rooms and room rate. |