The greedy unicorn: Airbnb and capital concentration in 12 European cities

Anselmi, Guido; Chiappini, Letizia; Prestileo, Federico

doi:10.1016/j.ccs.2021.100412

Cited by 9 publications

(5 citation statements)

References 25 publications

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“…In a setting where particularly large‐scale actors are said to be resilient enough to adapt to legal frameworks (Von Briel & Dolnicar 2020, p. 5; Anselmi 2021, p. 4), a dynamic regulatory setting might be the adequate answer to successfully tame an uncontrolled proliferation of listings. The design of our paper does not allow to draw a definite conclusion here, which is why more research should be done to explicitly investigate the impact of changing regulations on STRs.…”

Section: Discussionmentioning

confidence: 99%

“…Hence, in Berlin and London, these numbers rather show the respective regulations' weaknesses and support the argument that the current regulations do not impede a further professionalization of the host structure. This is first because large operators know better how to deal with rules and legislation (Smigiel 2020, p. 256; Anselmi 2021, p. 4). Second, they also learn how to circumvent certain regulations (Chen et al .…”

Section: The Regulatory Approach As a Success Factor In Dealing With ...mentioning

confidence: 99%

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Taming Airbnb Locally: Analysing Regulations in Amsterdam, Berlin and London

Hübscher

Kallert

2022

Tijd voor Econ & Soc Geog

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European cities have responded differently to the growing number of short-term rentals (such as Airbnb) and proposed a variety of regulations, although little is known about their efficiency. This paper contributes to filling the gap by analyzing both policy documents and spatial distributions of Airbnb listings between 2015 and 2020 using Amsterdam, Berlin, and London as case studies. We also compare the results with those of nine other European capitals. Our results show that cities follow highly individualized approaches. According to the strictness of each regulation, we see different intensities in the growth (and drop) of Airbnb listings, the share of multihosts, and the share of apartments withdrawn from the regular housing market. There is also a spatial dispersion of listings from the center to the periphery. Our numbers insinuate that dynamically changing regulations force hosts to adapt continuously-which tames an uncontrolled proliferation, but more research is necessary.

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Section: Discussionmentioning

confidence: 99%

Section: The Regulatory Approach As a Success Factor In Dealing With ...mentioning

confidence: 99%

Taming Airbnb Locally: Analysing Regulations in Amsterdam, Berlin and London

Hübscher

Kallert

2022

Tijd voor Econ & Soc Geog

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“…This late-entrepreneurial urbanism results from a "regulatory restructuring" (Peck 2017), conditioned by austerity, incredibly intense in peripheral EU countries (Davies and Blanco 2017). Against this background, Southern European states and cities implemented policies to advance tourism-led housing investment as an accumulation strategy (Anselmi et al 2021). For instance, tourism-driven (re)zonings have been passed, allowing the change in land uses from residential to commercial, as well as legislation related to infrastructure investment (airports, ports, train stations) or public-private partnerships to revitalise neighbourhoods because of their double effect as sources of income.…”

Section: The Political Economy Of Urban and Housing Financialisation ...mentioning

confidence: 99%

The Political Economy of Housing Investment in the Short‐Term Rental Market: Insights from Urban Portugal

Báez

Cocola‐Gant

2022

Antipode

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Short-term rentals (STRs) emerged as holiday accommodations, disrupting the hospitality industry in the decade before COVID-19. Mainstream explanations for their growth revolved around digital tourism platforms like Airbnb as market disruptors and the sharing economy rationale. At the same time, critical scholars explored the capitalisation of greater rent gaps in urban central locations. However, these explanations are insufficient to explain the growth of STRs. We supplement them by building bridges between the urban political economy and the geographies of financialisation through the cases of Lisbon and Porto before the pandemic. The paper focuses on tourisminduced housing investment, taking a closer look at the profile of investors in association with STR property managers in the context of the late-entrepreneurial urban regime. We conclude that tourism development has allowed opportunities for housing financialisation through STR professionalisation, enhancing the allocation of interest-bearing capital in tourism-oriented real estate. Resumen: Los alquileres de corta duraci on (STRs en sus siglas en ingl es) surgieron como alojamientos vacacionales, revolucionando la industria tur ıstica en la d ecada anterior al Covid-19. Las principales explicaciones sobre su irrupci on apuntan a que las plataformas de turismo digital, como Airbnb, alteraron el mercado a trav es de la l ogica de la econom ıa colaborativa, mientras que voces cr ıticas tambi en han explorado la capitalizaci on de brechas de renta m as amplias en areas urbanas centrales. Sin embargo, estas explicaciones son insuficientes para comprender el r apido crecimiento de esta tipolog ıa de alojamiento. Aqu ı se complementan tales ideas mediante la articulaci on entre la econom ıa pol ıtica urbana y las geograf ıas de la financiarizaci on a trav es de los casos de Lisboa y Oporto antes de la pandemia. El art ıculo se centra en la inversi on inmobiliaria inducida por el turismo, examinando el perfil de los inversores privados en conjunci on con las empresas de gesti on de propiedades para alquiler tur ıstico en el contexto del urbanismo empresarial tard ıo. As ı, concluimos que el desarrollo tur ıstico reciente ha ampliado el horizonte de financiarizaci on de la vivienda gracias a la profesionalizaci on del alquiler vacacional, maximizando los beneficios del capital invertido en bienes inmobiliarios para uso tur ıstico.

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“…In 2001, Thomas Mesenburg identified three main components of the concept of �digital eco nomy»: • supporting infrastructure (hardware, software, telecommunications, networks, etc. ); • e-business (how business processes are conducted through computer networks); • e-commerce (transfer of goods via the Internet) (Anselmi, 2021).…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Youth innovative entrepreneurship under digitalization of economics: analysis of foreign experience in assessing the effectiveness of support

Sokolov¹,

Marushko²,

Zhigun³

et al. 2021

EA-XXI

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In the international sense, the digital economy is a network, systemically organized spatial structure of relations between economic entities. It includes the sector of creation and use of new information, technologies and products, telecommunications services, electronic business, electronic commerce, electronic markets, remote services and the like. There are different views on what should and should not be attributed to the digital economy. Initially, it was assumed that this is an expanded concept of the Internet economy, which includes neighboring market segments. This understanding has been revised in recent years, as many industries, including the «real industry», are undergoing a digital transformation. The process covers retail, passenger and cargo transportation, tourism, industry, agriculture, catering, hotel business, medicine, public administration. The enterprises of these industries, which caught the trend and started changes, become, in fact, Internet companies. The purpose of the work is to analyze the past experience of supporting young entrepreneurs in the context of state subsidy and financing programs. In the course of the work, the task is to analyze the foreign experience of supporting young entrepreneurs and its implementation in Russia using international experience in conditions of new digital economy. The results of the work will be useful for analyzing the impact of support mechanisms for start-up entrepreneurs in the CIS.

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The greedy unicorn: Airbnb and capital concentration in 12 European cities

Cited by 9 publications

References 25 publications

Taming Airbnb Locally: Analysing Regulations in Amsterdam, Berlin and London

Taming Airbnb Locally: Analysing Regulations in Amsterdam, Berlin and London

The Political Economy of Housing Investment in the Short‐Term Rental Market: Insights from Urban Portugal

Youth innovative entrepreneurship under digitalization of economics: analysis of foreign experience in assessing the effectiveness of support

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