2022
DOI: 10.1108/ijchm-12-2021-1551
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How do consumers select between hotels and Airbnb? A hierarchy of importance in accommodation choice

Abstract: Purpose The purpose of this study is to examine the impact of key decision-making attributes on consumers’ choice of accommodation among and between hotels and Airbnb. Design/methodology/approach The study used a choice-based conjoint approach using 21 key decision-making factors that impact consumers’ choice of accommodation across five segments ranging from economy to luxury. Latent class estimation was used to identify segments of respondents who tend to have similar preferences for accommodation. Findi… Show more

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Cited by 24 publications
(26 citation statements)
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“…Specifically, home benefits and authenticity appeared more important in fostering memorability than social interaction. Such findings are consistent with previous studies (Mody et al , 2022; So et al , 2018) highlighting home benefits as the major reason why customers book with Airbnb. In a recent study, Kim et al (2022b) suggested that social interaction is critical to Airbnb value formation; however, the magnitude of such interaction was relatively low in the current study.…”
Section: Discussionsupporting
confidence: 93%
See 1 more Smart Citation
“…Specifically, home benefits and authenticity appeared more important in fostering memorability than social interaction. Such findings are consistent with previous studies (Mody et al , 2022; So et al , 2018) highlighting home benefits as the major reason why customers book with Airbnb. In a recent study, Kim et al (2022b) suggested that social interaction is critical to Airbnb value formation; however, the magnitude of such interaction was relatively low in the current study.…”
Section: Discussionsupporting
confidence: 93%
“…The success of Airbnb not only depends on competitive prices but also on authentic experiences (Guttentag, 2015;Kromidha et al, 2021), which differentiate Airbnb from traditional hotels (Mody et al, 2017;Mody and Hanks, 2020). Recently, Mody et al (2022) identified that location authenticity influences consumers' choice between Airbnb and hotels. Therefore, authenticity, referring to consumers' perceptions of their "real" experiences when staying with Airbnb, is considered a critical Airbnb attribute (Liang et al, 2018).…”
Section: Social Interactionmentioning
confidence: 99%
“…Owning to the intense competition in the hospitality industry, scholars have suggested service providers focus on developing long-lasting relationships with customers (Tajeddini et al , 2022). In the SE, customers can easily switch to conventional lodging facilities (Mody et al , 2022). Hence, fostering customer loyalty is crucial for both hosts and SE platforms as it leads to shared consumption and positive word-of-mouth (WOM) (Kim, 2019).…”
Section: Literature Reviewmentioning
confidence: 99%
“…It is a collection of private rooms, apartments and homes, each owned by an individual owner, located in different places and managed independently (Dogru et al , 2020). Airbnb offers its customers the opportunity to experience unique accommodations such as cabins, farmhouses, boats, yurts and treehouses, among others – accommodation that is typically outside the purview of the traditional hotel industry (Mody et al , 2022). The process of searching for and booking the accommodation is similar to other platforms (e.g.…”
Section: Literature Reviewmentioning
confidence: 99%