Modeling Impacts of Transport Accessibility on Travel Behaviors and Demand of Housing and Hotel: a case Study of Taiwan High Speed Rail and the No.5 Freeway

The major factors affecting real estate include economic development and location. Usually, location factor refers to the transportation accessibility, living conditions of the neighborhood, and the constraints of future development. The factors affecting hotel demand consist of hotel’s level of service and operation strategies, frequency of international conferences, and the costs of transportation.

This research will apply LISREL, time series regression, and factor analysis to formulate the relationship among transportation accessibility and other factors which may affect housing and hotel demands. A case study based on the survey of travel and hotel demand data before and after the operation of Taiwan High Speed Rail and the No. 5th National Freeway will be used for the demonstration of model calibration, validation and applications.