Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

How the peer-to-peer market for tourist accommodation has responded to COVID-19

How the peer-to-peer market for tourist accommodation has responded to COVID-19 This study aims to analyze the COVID-19 pandemic’s impact on the peer-to-peer (p2p) market for tourist accommodation.Design/methodology/approachUsing monthly panel data from Airbnb listings in 22 cities worldwide, the authors run a differences-in-differences analysis comparing the period of February–October 2020 to the previous year.FindingsBesides a decline in accommodation supply, the pandemic made prices and demand fall in all cities significantly, after controlling for room characteristics, host traits, booking policies and individual fixed effects. There is also evidence of an alteration of the influence on prices of certain variables such as superhost and instant booking.Research limitations/implicationsThe main limitations are related to the reference spatial and temporal environment. Besides, the samples are limited to listings that stayed before and after the pandemic; therefore, it is possible that the real effect on review growth and/or prices is actually more negative.Practical implicationsThe analysis performed shows a scenario that represents an opportunity for public managers to test more imaginative regulations that overcome the limitations of those implemented so far. Likewise, hosts who aspire to make their accommodations profitable must adapt to the conditions imposed by the economic environment of the cities in which they operate.Originality/valueThis is the first study to econometrically estimate the impact of COVID-19 on prices in the p2p market for tourist accommodation in a set of cities worldwide. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Tourism Cities Emerald Publishing

How the peer-to-peer market for tourist accommodation has responded to COVID-19

Download PDF
14 pages

Loading next page...
 
/lp/emerald-publishing/how-the-peer-to-peer-market-for-tourist-accommodation-has-responded-to-5BHSccLobd
Publisher
Emerald Publishing
Copyright
© International Tourism Studies Association.
ISSN
2056-5607
DOI
10.1108/ijtc-07-2021-0140
Publisher site
See Article on Publisher Site

Abstract

This study aims to analyze the COVID-19 pandemic’s impact on the peer-to-peer (p2p) market for tourist accommodation.Design/methodology/approachUsing monthly panel data from Airbnb listings in 22 cities worldwide, the authors run a differences-in-differences analysis comparing the period of February–October 2020 to the previous year.FindingsBesides a decline in accommodation supply, the pandemic made prices and demand fall in all cities significantly, after controlling for room characteristics, host traits, booking policies and individual fixed effects. There is also evidence of an alteration of the influence on prices of certain variables such as superhost and instant booking.Research limitations/implicationsThe main limitations are related to the reference spatial and temporal environment. Besides, the samples are limited to listings that stayed before and after the pandemic; therefore, it is possible that the real effect on review growth and/or prices is actually more negative.Practical implicationsThe analysis performed shows a scenario that represents an opportunity for public managers to test more imaginative regulations that overcome the limitations of those implemented so far. Likewise, hosts who aspire to make their accommodations profitable must adapt to the conditions imposed by the economic environment of the cities in which they operate.Originality/valueThis is the first study to econometrically estimate the impact of COVID-19 on prices in the p2p market for tourist accommodation in a set of cities worldwide.

Journal

International Journal of Tourism Cities – Emerald Publishing

Published: May 4, 2022

Keywords: Sharing economy; Airbnb; Tourism; COVID-19

References

  • Winners and losers from COVID-19: global evidence from google search
    Abay, K.A.; Tafere, K.; Woldemichael, A.
  • Mapping airbnb supply in european cities
    Adamiak, C.
  • A message to hosts from CEO Brian Chesky
  • How do reviews work for stays?
  • Impact of COVID-19: data updates. Jul 17, 2021
  • Incorrect data in the widely used inside airbnb dataset
    Alsudais, A.
  • Can domestic tourism relieve the COVID-19 tourist industry crisis? The case of Spain
    Arbulú, I.; Razumova, M.; Rey-Maquieira, J.; Sastre, F.
  • COVID-19 and the recovery of the tourism industry
    Assaf, A.; Scuderi, R.
  • You are what you can access: sharing and collaborative consumption online
    Belk, R.
  • Why are flexible booking policies priced negatively?
    Benítez-Aurioles, B.
  • The role of distance in the peer-to-peer market for tourist accommodation
    Benítez-Aurioles, B.
  • Barcelona’s peer-to-peer tourist accommodation market in turbulent times
    Benítez-Aurioles, B.
  • The exhaustion of the herding effect in peer-to-peer accommodation
    Benítez-Aurioles, B.
  • Recent trends in the peer-to-peer market for tourist accommodation
    Benítez-Aurioles, B.
  • A proposal to regulate the peer-to-peer market for tourist accommodation
    Benítez-Aurioles, B.
  • What airbnb does to the housing market
    Benitez-Aurioles, B.; Tussyadiah, I.
  • Tourism crisis management: US response to September 11
    Blake, A.; Sinclair, M.T.
  • Reset redux: possible evolutionary pathways towards the transformation of tourism in a COVID-19 world
    Brouder, P.
  • Does terrorism impact on the peer-to-peer accommodation market? Empirical evidence from airbnb in Paris
    Chen, H.S.; Chen, Y.; He, Y.
  • COVID-19 pandemic exposes the vulnerability of the sharing economy: a novel accounting framework
    Chen, G.; Cheng, M.; Edwards, D.; Xu, L.
  • Poster child and guinea pig – insights from a structured literature review on airbnb
    Dann, D.; Teubner, T.; Weinhardt, C.
  • COVID19 and airbnb – disrupting the disruptor
    Dolnicar, S.; Zare, S.
  • Covid-19 and tourism vulnerability
    Duro, J.A.; Perez-Laborda, A.; Turrion-Prats, J.; Fernández-Fernández, M.
  • Peer-to-peer markets
    Einav, L.; Farronato, C.; Levin, J.
  • Impacts of covid-19 on peer-to-peer accommodation platforms: host perceptions and responses
    Farmaki, A.; Miguel, C.; Drotarova, M.H.; Aleksić, A.; Časni, A.Č.; Efthymiadou, F.
  • International tourism and outbreak of coronavirus (COVID-19): a cross-country analysis
    Farzanegan, M.R.; Gholipour, H.F.; Feizi, M.; Nunkoo, R.; Andargoli, A.E.
  • Airbnb has removed thousands of listings in boston as new rule takes effect ahead of the company’s presumed IPO next year
    Feuer, W.
  • The eruption of airbnb in tourist cities: comparing spatial patterns of hotels and peer-to-peer accommodation in Barcelona
    Gutiérrez, J.; García-Palomares, J.C.; Romanillos, G.; Salas-Olmedo, M.H.
  • Pandemics, transformations and tourism: be careful what you wish for
    Hall, C.M.; Scott, D.; Gössling, S.
  • The ‘war over tourism’: challenges to sustainable tourism in the tourism academy after COVID-19
    Higgins-Desbiolles, F.
  • Airbnb, COVID-19 risk and lockdowns: global evidence
    Hu, M.R.; Lee, A.D.
  • About inside Airbnb
  • Spatial and experimental analysis of peer-to-peer accommodation consumption during COVID-19
    Jang, S.; Kim, J.; Kim, J.; Kim, S.S.
  • Externalities of development of the sharing economy in tourism cities
    Jaremen, D.E.; Nawrocka, E.; Żemła, M.
  • Air Canada charges couple extra $2,000 to get home from Chile during pandemic
    Johnson, E.
  • Someone's been sleeping in my bed
    Karlsson, L.; Dolnicar, S.
  • Peer-to-peer (P2P) accommodation in the sharing economy: a review
    Kuhzady, S.; Seyfi, S.; Béal, L.
  • New York city escalates fight against Airbnb, demands listing information
    Lane, B.
  • The impact of COVID-19 on the travel and leisure industry returns: some international evidence
    Lee, C.C.; Chen, M.P.
  • Seeing the invisible hand: underlying effects of COVID-19 on tourists’ behavioral patterns
    Li, Z.; Zhang, S.; Liu, X.; Kozak, M.; Wen, J.
  • Be a ‘Superhost’: the importance of badge systems for peer-to-peer rental accommodations
    Liang, S.; Schuckert, M.; Law, R.; Chen, C.C.
  • The over-reaction to SARS and the collapse of Asian tourism
    McKercher, B.; Chon, K.
  • Overtourism and the sharing economy–tourism cities at a crossroads
    Moreno-Gil, S.; Coca-Stefaniak, J.A.
  • Sanitation and hygiene as factors for choosing a place to stay: perceptions of the Bulgarian tourists
    Naumov, N.; Varadzhakova, D.; Naydenov, A.
  • Regulating Airbnb: how cities deal with perceived negative externalities of short-term rentals
    Nieuwland, S.; van Melik, R.
  • Financial crisis and tourism
    Pechlaner, H.; Frehse, J.; Conrady, R.; Buck, M.
  • Social costs of tourism during the COVID-19 pandemic
    Qiu, R.T.; Park, J.; Li, S.; Song, H.
  • A review of research on tourism risk, crisis and disaster management: launching the annals of tourism research curated collection on tourism risk, crisis and disaster management
    Ritchie, B.W.; Jiang, Y.
  • The impact of quarantine due to COVID-19 pandemic on the tourism industry in lviv (Ukraine)
    Rutynskyi, M.; Kushniruk, H.
  • Airbnb earnings were better than expected thanks to more travel
    Savitz, E.
  • Debating the sharing economy
    Schor, J.
  • Service robots as a tool for physical distancing in tourism
    Seyitoğlu, F.; Ivanov, S.
  • An open market valuation of the effects of COVID-19 on the travel and tourism industry
    Sharma, A.; Nicolau, J.L.
  • Impact of COVID-19 on the travel and tourism industry
    Škare, M.; Soriano, D.R.; Porada-Rochoń, M.
  • Tourism under the early phase of COVID-19 in four APEC economies: an estimation with special focus on SARS experiences
    Tran, B.L.; Chen, C.C.; Tseng, W.C.; Liao, S.Y.
  • Impacts of peer-to-peer accommodation use on travel patterns
    Tussyadiah, I.P.; Pesonen, J.
  • Impacts of COVID-19 on global tourism industry: a cross-regional comparison
    Uğur, N.G.; Akbıyık, A.
  • Tourism back to 1990 levels as arrivals fall by more than 70%
  • The evolution of airbnb regulation – an international longitudinal investigation 2008-2020
    von Briel, D.; Dolnicar, S.
  • Price determinants of sharing economy based accommodation rental: a study of listings from 33 cities on airbnb.com
    Wang, D.; Nicolau, J.L.
  • Covid-19 has caused unprecedented turmoil in the aviation industry. What does that mean for pricing when planes take to the skies again?
    Watson, J.
  • Coronavirus pandemic and tourism: dynamic stochastic general equilibrium modeling of infectious disease outbreak
    Yang, Y.; Zhang, H.; Chen, X.
  • Communication related health crisis on social media: a case of COVID-19
    Yu, M.; Li, Z.; Yu, Z.; He, J.; Zhou, Z.
  • The coronavirus pandemic – a critical discussion of a tourism research agenda
    Zenker, S.; Kock, F.
  • Terminator or accelerator? Lessons from the peer-to-peer accommodation hosts in China in responses to COVID-19
    Zhang, M.; Geng, R.; Huang, Y.; Ren, S.