Impact of short-term rental regulation on hotel industry: a difference-in-differences approach

Yeon, Jihwan; Song, Hyoung Ju; Lee, Seoki

doi:10.1016/j.annals.2020.102939

Cited by 42 publications

(26 citation statements)

References 38 publications

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“…In particular, one study finds that the stricter the regulation is, the higher the supply in the sharing economy accommodation ( Hong and Lee, 2018 ; Uzunca and Borlenghi, 2019 ). Ultimately, regulation of sharing accommodations should have a positive impact on the lower-scale hotels ( Yeon et al., 2020 ).…”

Section: Discussionmentioning

confidence: 99%

A decade of systematic literature review on Airbnb: the sharing economy from a multiple stakeholder perspective

Hati¹,

Balqiah²,

Hananto³

et al. 2021

Heliyon

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Airbnb, which launched its business in 2009, has experienced explosive growth by creating value through the sharing economy business model. The Airbnb business model helps property owners exploit underutilized assets. However, along with its rapid growth, controversies have arisen among many stakeholders, especially the traditional hotel industry, communities, and policymakers. This study reviews academic articles to pinpoint the factors involved in the relationships among Airbnb and its multiple stakeholders. The aim is to identify the benefits, drawbacks, and issues surrounding Airbnb. The analysis is based on the perspectives of six Airbnb stakeholders: guests, hosts, employees, communities, competitors, and policymakers. A variety of scholarly journals indexed in the Scopus database were reviewed, with 282 included in the final analysis. The analysis will be useful for academics, practitioners, and policymakers alike, as it summarizes the Airbnb relevant actors, identifies key factors that influence stakeholder behavior, and assesses the power and level of influence of each stakeholder. Ultimately, the study points to potential directions for future research on Airbnb.

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Section: Discussionmentioning

confidence: 99%

A decade of systematic literature review on Airbnb: the sharing economy from a multiple stakeholder perspective

Hati¹,

Balqiah²,

Hananto³

et al. 2021

Heliyon

View full text Add to dashboard Cite

show abstract

“…The method has been widely used in general policy evaluation (e.g. Card & Krueger, 1994 ; Yeon et al, 2020 ) as well as studies on the tourism industry during COVID-19 (e.g. Brodeur et al, 2021 ; Polemis, 2020 ).…”

Section: Empirical Model and Datamentioning

confidence: 99%

The immediate and subsequent effects of public health interventions for COVID-19 on the leisure and recreation industry

et al. 2021

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Public health interventions to combat COVID-19 can be viewed as an exogenous shock to the economy, especially for industries—such as leisure, recreation, and tourism—that rely heavily on human mobility. This study investigates whether and how exactly the economic impact of government public health policies varies over time. Focusing on the leisure and recreation industry, we use data for 131 countries/regions from February to May 2020 and employ generalized difference-in-differences models to investigate the short- and longer-term effects of public health policies. We find that stricter policies lead, on average, to an immediate 9.2–percentage-point drop in leisure and recreation participation. Even so, that industry recovers in about seven weeks after a COVID-19 outbreak in countries/regions that undertake active interventions. After thirteen weeks, leisure and recreation involvement recovers to 70% of pre-pandemic levels in a place that actively intervened but stagnates at about 40% in one that did not.

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“…Due the growing relevance of the sharing economy in the hospitality industry, there has been a proliferation of studies trying to shed light on a number of issues related to this phenomenon, such as host pricing strategies (Gibbs et al, 2018a(Gibbs et al, , 2018bVoltes-Dorta and Sanchez-Medina, 2020), hosts-guests relationships (Casais et al, 2020;Apostolidis and Brown, 2021), trust, reputation, brand loyalty, and various antecedents and consequences of consumer behavior in sharing economy platforms (e.g., Ert et al, 2016Ert et al, , 2019Benoit et al, 2017;Liang et al, 2018;Lutz and Newlands, 2018;Mahadevan, 2018;Abrate and Viglia, 2019;Ert et al, 2019;Mody et al, 2019;Mao et al, 2020;Mody and Hanks, 2020;Suess et al, 2020;Xie et al, 2020;Xu and Gursoy, 2020;Lim et al, 2021;Pitt et al, 2021). Other studies have examined sharing economy regulation issues (Grimmer et al, 2019;Yang and Zhenxing, 2020;Yeon et al, 2020), as well as the effects of sharing economy entry on incumbents' profitability, survival, employment, and ability to secure investments (Zervas et al, 2015;Neeser, 2015;Fang et al, 2016;Zervas et al, 2017;Dogru et al, 2017;Hajibaba and Dolnicar, 2017;Blal et al, 2018;Heo et al, 2019;Li and Srinivasan, 2019;de Lange and Valliere, 2020;Sainaghi and Baggio, 2020;Mat...…”

Section: Literature Background On Sharing Economymentioning

confidence: 99%

Sharing economy and dynamic pricing: Is the impact of Airbnb on the hotel industry time-dependent?

Roma

Panniello

Vasi

et al. 2021

Journal of Hospitality and Tourism Management

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Impact of short-term rental regulation on hotel industry: a difference-in-differences approach

Cited by 42 publications

References 38 publications

A decade of systematic literature review on Airbnb: the sharing economy from a multiple stakeholder perspective

A decade of systematic literature review on Airbnb: the sharing economy from a multiple stakeholder perspective

The immediate and subsequent effects of public health interventions for COVID-19 on the leisure and recreation industry

Sharing economy and dynamic pricing: Is the impact of Airbnb on the hotel industry time-dependent?

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