Has COVID-19 changed the factors explaining the occupancy of Airbnb accommodation? Madrid as a case study

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Títol: Has COVID-19 changed the factors explaining the occupancy of Airbnb accommodation? Madrid as a case study
Autors: Más-Ferrando, Adrián | Moreno-Izquierdo, Luis | Perles Ribes, José Francisco | Rubia, Antonio
Grups d'investigació o GITE: Economía de la Innovación y de la Inteligencia Artificial (ECO-IA) | Finanzas de Mercado y Econometría Financiera
Centre, Departament o Servei: Universidad de Alicante. Departamento de Análisis Económico Aplicado | Universidad de Alicante. Departamento de Economía Financiera y Contabilidad | Universidad de Alicante. Instituto Interuniversitario de Economía Internacional
Paraules clau: COVID-19 | Structural break | Airbnb | Tourism demand | Madrid | Case study
Data de publicació: 30-de novembre-2023
Editor: Elsevier
Citació bibliogràfica: Journal of Destination Marketing & Management. 2024, 31: 100837. https://doi.org/10.1016/j.jdmm.2023.100837
Resum: In the aftermath of the COVID-19 pandemic, the dynamics of short-term rental demand, particularly on Airbnb, have seen pivotal shifts. Using Madrid as a case study, this research used strategic sampling to investigate changes in occupancy, housing attributes, and online reputation. Leveraging a sup-likelihood ratio test and a hedonic-type pooled panel-data Logit regression, we identified a marked structural break. Findings revealed a diminished demand-side bargaining power, resulting in increased rental prices and reduced information transparency. These results offered critical insights for tourism industry stakeholders, especially destination managers and Airbnb hosts.
Patrocinadors: The development and publication of this article has been financed within the framework of the project “Digital Transition and Innovation in The Labor Market and Mature Sectors. Taking Advantage of Artificial Intelligence and Platform Economy (DILATO)”, funded by the Ministry of Science and Innovation of the Spanish Government as part of the “Projects oriented to the Green and Digital Transition”.
URI: http://hdl.handle.net/10045/138880
ISSN: 2212-571X (Print) | 2212-5752 (Online)
DOI: 10.1016/j.jdmm.2023.100837
Idioma: eng
Tipus: info:eu-repo/semantics/article
Drets: © 2023 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Revisió científica: si
Versió de l'editor: https://doi.org/10.1016/j.jdmm.2023.100837
Apareix a la col·lecció: INV - ECO-IA - Artículos de Revistas
INV - Finanzas de Mercado y Econometría Financiera - Artículos de Revistas

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