Journal
INTERNATIONAL JOURNAL OF HOSPITALITY MANAGEMENT
Volume 62, Issue -, Pages 120-131Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.ijhm.2016.12.007
Keywords
Sharing economy; Price determinants; Airbnb; Hotels; Quantile regression
Categories
Funding
- Hong Kong Polytechnic University [PolyU G-YBNG]
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The advent of the sharing economy challenges not only the business of hotel industry but also the theories and models based on the conventional hotel industry. A key dimension of the hospitality industry is pricing. The aim of this study is to identify the price determinants of sharing economy based accommodation offers in the digital marketplace. Specifically, a sample of 180,533 accommodation rental offers in 33 cities listed on Airbnb.com is investigated using ordinary least squares and quantile regression analysis. Twenty-five explanatory variables in five categories (host attributes, site and property attributes, amenities and services, rental rules, and online review ratings) are explored for the intricacies of the relationships between pricing and its determinants. (C) 2017 Elsevier Ltd. All rights reserved.
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