Journal
JOURNAL OF TRAVEL RESEARCH
Volume 58, Issue 8, Pages 1274-1287Publisher
SAGE PUBLICATIONS INC
DOI: 10.1177/0047287518815984
Keywords
Airbnb supply; home-sharing regulation; hotel market; housing market; mixed-effects negative binomial model
Categories
Funding
- Temple CIBER International Business Research Award Sharing-economy and tourism competitiveness
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We propose a conceptual framework to investigate factors influencing the supply of Airbnb units in US urban communities. Based on a sample of Airbnb supply data from 1068 zip codes in 28 major US cities, we apply a mixed-effects negative binomial model to uncover supply determinants. The results confirm the significance of five supply determinant categories, namely, hotel market demand and supply, housing market demand and supply, and short-term rental regulation. We also highlight the respective impacts of supply determinants on three different Airbnb units: entire houses, private rooms, and shared rooms. Moreover, we examine the unique effects of different types of regulation policies. In general, regulations related to tailored legal framework and hostile enforcement significantly decrease Airbnb unit supply.
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