Record Details

Factors influencing pricing in the accommodation sector in South Africa

Southern African Journal of Entrepreneurship and Small Business Management


 
 
Field Value
 
Title Factors influencing pricing in the accommodation sector in South Africa
 
Creator du Plessis, Engelina Saayman, Mellville
 
Subject — —
Description Price is a significant factor of competitiveness. Price is a complex issue and is determined by a variety of demand and supply factors. These factors also differ from industry to industry. The purpose of this article is to determine the factors that influence pricing in the South African accommodation sector. In order to generate proper data, a survey was conducted at various South African accommodation establishments that were obtained from the databases of the three major associations in the accommodation sector. Two-hundred and forty seven questionnaires completed by managers from accommodation establishments were used in this research. Principal component factor analyses with Varimax rotation in STATISTICA were carried out. These resulted in ten factors, namely environmental qualities, amenities, image, management factor, positioning, quality service factor, infrastructure service factor, location, marketing and product quality factor. The results revealed that the major factors in pricing are service quality, image and product quality. Consequently this article can be used to assist managers in pricing and in obtaining a better competitive position in the industry by revising management structures and marketing campaigns.Keywords and phrases: Tourism industry, price competitiveness, service quality, image, product quality, entrepreneur and factor analysis
 
Publisher AOSIS Publishing
 
Contributor
Date 2011-12-31
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion — —
Format application/pdf
Identifier 10.4102/sajesbm.v4i1.22
 
Source The Southern African Journal of Entrepreneurship and Small Business Management; Vol 4, No 1 (2011); 24 - 47 2071-3185 1015-3977
 
Language eng
 
Relation https://sajesbm.co.za/index.php/sajesbm/article/view/22/25
 
Coverage — — —
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