though falling short in explaining dynamic pricing decisions in the short-run. The peculiarity of this study, as explained also in the theoretical framework, lies in the attempt of capturing the dynamic dimension of attributes that are traditionally considered, in the hedonic pricing literature, in their static dimension. For this reason, cross-sectional price variability, which mostly reflects long-term structural choices of different hotels, is interpreted as the strategic dimension of pricing decisions. Conversely, within-hotel price variability depends on the way hotels adjust their prices in the
short-run, and is interpreted as the tactical price dimension.