Model 1 - Structural Model 2 - + Amenities Model 3 - + Host Model 4 - + Reviews Model 5 - + Location Model 6 - + Neighbourhood Model 7 - + NLP Model 8 - + Spatial Model 9 - Full Hedonic
Variable
const 6.502*** 6.696*** 6.766***
(0.579) (0.591) (0.561)
bedrooms 0.918** 0.904** 0.904*** 0.795** 0.789** 0.789** 0.771** 1.141*** 1.141***
(0.281) (0.288) (0.265) (0.257) (0.264) (0.264) (0.265) (0.311) (0.311)
bathrooms -0.016 -0.032 -0.020 -0.105 -0.112 -0.115 -0.003 -0.164 -0.164
(0.211) (0.216) (0.201) (0.180) (0.183) (0.183) (0.193) (0.226) (0.226)
guests_count 0.096 0.115 0.219 0.012 -0.023 -0.024 0.034 0.187 0.187
(0.203) (0.204) (0.198) (0.195) (0.197) (0.197) (0.205) (0.252) (0.252)
is_entire_home 0.065 0.061 0.163 0.096 0.101 0.101 0.023 0.055 0.055
(0.075) (0.075) (0.097) (0.101) (0.101) (0.101) (0.106) (0.135) (0.135)
is_private_room 0.361*** 0.340*** 0.220** 0.355*** 0.289*** 0.291*** -0.375*** -0.263 -0.263
(0.079) (0.079) (0.080) (0.078) (0.079) (0.080) (0.113) (0.135) (0.135)
log_accommodates -0.997 -1.060 -1.327 -0.522 -0.312 -0.313 -0.657 -1.094 -1.094
(0.824) (0.829) (0.797) (0.768) (0.778) (0.779) (0.847) (1.135) (1.135)
log_bedrooms -1.429* -1.373* -1.433* -1.272* -1.283* -1.281* -1.299* -2.053** -2.053**
(0.686) (0.691) (0.654) (0.613) (0.627) (0.628) (0.657) (0.774) (0.774)
log_bathrooms 0.497 0.613 0.622 0.737 0.702 0.706 0.523 0.645 0.645
(0.426) (0.433) (0.414) (0.404) (0.410) (0.410) (0.426) (0.541) (0.541)
bathrooms_per_guest -0.136 -0.201 -0.244 -0.401 -0.364 -0.366 -0.445* -0.441 -0.441
(0.201) (0.204) (0.195) (0.224) (0.229) (0.229) (0.225) (0.335) (0.335)
bedrooms_per_guest 0.008 0.011 -0.015 -0.096 -0.091 -0.090 -0.117 0.018 0.018
(0.432) (0.436) (0.401) (0.346) (0.360) (0.362) (0.361) (0.529) (0.529)
large_capacity_listing 0.035 0.033 -0.028 0.040 0.032 0.033 0.050 -0.125 -0.125
(0.115) (0.116) (0.114) (0.115) (0.114) (0.114) (0.113) (0.148) (0.148)
accommodates_sq -0.002 -0.003 -0.007 -0.001 0.000 0.000 -0.001 -0.005 -0.005
(0.006) (0.006) (0.006) (0.006) (0.006) (0.006) (0.006) (0.008) (0.008)
bedrooms_sq -0.048* -0.048* -0.047** -0.040* -0.039* -0.039* -0.036* -0.063** -0.063**
(0.020) (0.021) (0.018) (0.017) (0.018) (0.018) (0.017) (0.020) (0.020)
bathrooms_sq 0.014 0.015 0.014 0.014 0.014 0.014 0.008 0.028* 0.028*
(0.015) (0.016) (0.014) (0.012) (0.013) (0.013) (0.013) (0.013) (0.013)
amenities_count 0.005 0.009 0.003 0.003 0.003 0.006 0.003 0.003
(0.010) (0.010) (0.010) (0.010) (0.010) (0.010) (0.013) (0.013)
amenity_richness_index -0.189*** -0.191*** -0.129** -0.340*** -0.343*** -0.306*** -0.269* -0.269*
(0.017) (0.016) (0.046) (0.083) (0.084) (0.087) (0.106) (0.106)
luxury_index 0.437 0.342 0.507 0.473 0.478 0.380 0.445 0.445
(0.474) (0.468) (0.461) (0.458) (0.458) (0.452) (0.571) (0.571)
business_travel_index -0.761 -0.824 -0.836 -0.799 -0.804 -0.801 -1.156* -1.156*
(0.463) (0.451) (0.465) (0.462) (0.462) (0.456) (0.560) (0.560)
family_comfort_index -0.257 0.014 0.368 0.313 0.308 0.300 0.921 0.921
(0.490) (0.480) (0.489) (0.483) (0.483) (0.478) (0.588) (0.588)
leisure_index -0.132 -0.035 0.236 0.265 0.264 0.203 0.027 0.027
(0.481) (0.470) (0.466) (0.464) (0.464) (0.461) (0.561) (0.561)
remote_work_index -0.263 -0.252 -0.394 -0.312 -0.308 -0.408 -0.090 -0.090
(0.486) (0.479) (0.485) (0.484) (0.484) (0.478) (0.568) (0.568)
pets_allowed 0.129 0.069 0.016 0.006 0.007 0.029 0.023 0.023
(0.076) (0.075) (0.076) (0.075) (0.075) (0.074) (0.093) (0.093)
is_superhost -0.094* -0.147 -0.152 -0.151 -0.114 0.039 0.039
(0.037) (0.100) (0.099) (0.099) (0.095) (0.105) (0.105)
superhost_flag -0.094* -0.147 -0.152 -0.151 -0.114 0.039 0.039
(0.037) (0.100) (0.099) (0.099) (0.095) (0.105) (0.105)
host_professional_dummy -0.000 -0.000 0.000*** 0.000*** 0.000*** 0.000 0.000
(0.000) (0.000) (0.000) (0.000) (0.000) (0.000) (0.000)
multi_listing_host 0.346*** 0.273*** 0.242*** 0.244*** -0.025 0.002 0.002
(0.068) (0.070) (0.069) (0.070) (0.078) (0.078) (0.078)
superhost_x_entire_home -0.177 -0.028 -0.037 -0.037 -0.017 -0.009 -0.009
(0.096) (0.102) (0.101) (0.101) (0.100) (0.121) (0.121)
guest_favorite_flag -0.194*** -0.204* -0.197* -0.197* -0.142 -0.012 -0.012
(0.026) (0.098) (0.097) (0.097) (0.093) (0.102) (0.102)
is_guest_favorite -0.194*** -0.204* -0.197* -0.197* -0.142 -0.012 -0.012
(0.026) (0.098) (0.097) (0.097) (0.093) (0.102) (0.102)
rating 0.591 0.616 0.618 0.605 1.052* 1.052*
(0.526) (0.520) (0.521) (0.515) (0.494) (0.494)
num_reviews 0.002 0.002 0.002 0.002 0.003** 0.003**
(0.001) (0.001) (0.001) (0.001) (0.001) (0.001)
log_reviews -0.518*** -0.521*** -0.521*** -0.452*** -0.400*** -0.400***
(0.055) (0.055) (0.055) (0.056) (0.066) (0.066)
review_quality -0.169 -0.171 -0.172 -0.177 -0.165 -0.165
(0.135) (0.134) (0.134) (0.136) (0.135) (0.135)
reputation_score 0.041 0.044 0.044 0.046 0.103 0.103
(0.064) (0.063) (0.064) (0.063) (0.061) (0.061)
cleanliness_premium 0.267** 0.268** 0.268** 0.283** 0.207 0.207
(0.098) (0.097) (0.098) (0.097) (0.110) (0.110)
location_rating_premium -0.047 -0.045 -0.044 -0.148 -0.146 -0.146
(0.099) (0.098) (0.099) (0.098) (0.116) (0.116)
has_reviews 4.556** 11.999*** 12.118*** 10.831*** 9.511* 9.511*
(1.619) (2.929) (2.961) (3.085) (3.738) (3.738)
quality_score 0.010 0.010 0.010 0.004 -0.017 -0.017
(0.018) (0.018) (0.018) (0.017) (0.018) (0.018)
distance_to_center -0.000 -0.000 -0.000 -0.000 -0.000
(0.000) (0.000) (0.000) (0.000) (0.000)
lat -0.153*** -0.155*** -0.095** -0.090* -0.090*
(0.035) (0.035) (0.037) (0.045) (0.045)
long 0.008 0.008 0.009 0.004 0.004
(0.016) (0.016) (0.016) (0.019) (0.019)
spatial_cluster -0.001 -0.014*** -0.013** -0.013**
(0.004) (0.004) (0.005) (0.005)
title_length 0.010* 0.007 0.007
(0.004) (0.006) (0.006)
title_word_count -0.094* -0.058 -0.058
(0.042) (0.053) (0.053)
luxury_language_score -0.239 0.218 0.218
(0.351) (196.632) (196.632)
cozy_language_score 0.000 0.000 0.000
(0.000) (0.000) (0.000)
professional_tone_score -0.173 -0.623 -0.623
(0.414) (19.507) (19.507)
tourism_language_score -0.112 -0.209 -0.209
(0.099) (0.115) (0.115)
text_embed_0 3.000*** 2.800*** 2.800***
(0.353) (0.430) (0.430)
text_embed_1 0.247 0.479 0.479
(0.366) (0.442) (0.442)
text_embed_2 -0.400 -0.085 -0.085
(0.395) (0.460) (0.460)
text_embed_3 -0.035 -0.055 -0.055
(0.218) (0.244) (0.244)
local_density_500m -0.008** -0.008**
(0.003) (0.003)
local_density_1km 0.003** 0.003**
(0.001) (0.001)
local_avg_price_500m 0.000*** 0.000***
(0.000) (0.000)
local_avg_price_1km -0.000 -0.000
(0.000) (0.000)
N 3412 3412 3412 2861 2857 2857 2857 1906 1906
R2 0.0516 0.0575 0.0985 0.1871 0.1979 0.1980 0.2249 0.2735 0.2735
Adj_R2 0.0477 0.0516 0.0918 0.1779 0.1880 0.1877 0.2125 0.2544 0.2544
AIC 11911.4 11904.2 11760.5 9381.7 9336.4 9338.3 9258.6 6103.0 6103.0
BIC 12003.4 12039.2 11920.0 9578.3 9550.9 9558.8 9532.6 6380.6 6380.6