Location, location and professionalization
A multilevel hedonic analysis of Airbnb listing prices and revenue
Bibliographic Data
| ID | 7366790 |
|---|---|
| Authors | Robbin Deboosere, Danielle Kerrigan (0000-0002-5877-1698, corresponding author), David Wachsmuth (0000-0001-5689-9527), Ahmed El-Geneidy (0000-0002-0942-4016) |
| Year | 2019 |
| Volume | 6 |
| Issue | 1 |
| Pages | 143-156 |
| Publication date | 2019-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Regional Studies Regional Science (JOURNAL) |
| Journal identifiers | ISSN: 2168-1376 • E-ISSN: 2168-1376 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/21681376.2019.1592699 |
| OpenAlex | W2928831860 |
| Language | EN |
| Citations received | 48 |
| References cited | 37 |
Hedonic modelling techniques have frequently been used to examine real estate valuation, and they have recently started to be applied to short-term rental valuation. Relying on a web-scraped data set of all Airbnb transactions in New York City (NYC) between August 2014 and September 2016, this paper presents the first hedonic regression model of Airbnb to take into account neighbourhood effects and to predict both average price per night and revenue generated by each listing. The model demonstrates that locational factors – above all, transit accessibility to jobs – and neighbourhood variation have a large impact on both price per night and monthly revenue, and further reveals how professionalization of the short-term rental market is driving more revenue to a narrower segment of hosts. Further, the findings suggest that Airbnb hosts earn a significant premium by converting long-term housing in accessible residential neighbourhoods into de facto Airbnb hotels. This premium incentivizes landlords and hosts with properties in accessible neighbourhoods to replace long-term tenants with short-term guests, forcing those in search of housing to less accessible neighbourhoods
Business · Econometrics · Economics · Hedonic Pricing · Hedonic regression · Listing (finance · Neighbourhood (mathematics · Real estate · Renting · Revenue · Valuation (finance · Housing Market and Economics · Sharing Economy and Platforms · Transportation and Mobility Innovations · Finance
The Impact of Airbnb on Long-Term Rental Markets in San Francisco
A Spatial Regression Model for Predicting Prices of Short-Term Rentals in Athens, Greece
Large Deluxe or Weekly Stay? Diversity of peer-to-peer accommodation offers at an urban tourism destination
Exploring the Social Impact of the Short-Stay Market (SSM) in Regional Areas
Homestay resilience mechanisms across amenity-based scenes in rural tourism destinations
Beyond the big touristic city
The emergence of revenue management capabilities in peer-to-peer platforms
Multiway clustering in tourism research
How to better incorporate geographic variation in Airbnb price modeling
Methods to examine omitted variable bias in hedonic price studies
Spatial adaptations in hospitality amid Covid-19
Spatial distribution of Airbnb and its influencing factors
Who Is Benefiting from Airbnb? Assessing the Redistributive Power of Peer-to-Peer Short-Term Rentals
Airbnb and the Covid-19 pandemic
The motivations and practices of commercial short-term rental operators in the short-term/long-term “regulatory gap”
The Impact of Airbnb on the Hotel Industry
Digital mediated short-term rentals in the (post-)pandemic city
Short-Term Accommodations and Long-Term Housing Challenges in the Margaret River Tourist Destination
When local business faded away
The Gentrification of Airbnb
The financialisation of short-term rentals in Barcelona
Exploring the network of the short-term rental financial complex
Tourism pressure as a driver of social inequalities
The path of least resistance explaining tourist mobility patterns in destination areas using Airbnb data
Selling out the city? Airbnb’s amateur and professional listings across cities, time, and hotspots
The challenges of measuring the short-term rental market
Collaborative and professional accommodations on Airbnb
Unexpected urban comparisons
Multi-level differentiation of short-term rental properties
Survival of the fittest
Exit and transition
Host type and pricing on Airbnb
Spatial price mimicking on Airbnb
Determinants of Airbnb prices in European cities
Do short-term rental platforms affect housing markets? Evidence from Airbnb in London
The pricing of European airbnb listings during the pandemic
Spatial coopetition and peer-to-peer accommodation price
The Romantic Anti‐Capitalisms of Short‐Term Rental Hosting
The Political Economy of Housing Investment in the Short‐Term Rental Market
Influence of built environment features on Airbnb listing price and the spatio-temporal heterogeneity
Debate on regulation and professionalisation in the short-term rental housing market
Short-term rentals as a new urban frontier – evidence from European cities
The impact of proximity to amenities on housing affordability
Reset or renaissance? An exploratory comparison of pre- and post-pandemic regional short-term rental markets in Australia
Modes of Hospitality
Airbnb no Brasil
Short-term rentals' supply-side structure and the struggle for rent appropriation
Platformed professionalization
A Regression Method for Real Estate Price Index Construction
An Application of Hedonic Pricing Analysis to the Case of Hotel Rooms in Taipei
The Walkability Premium in Commercial Real Estate Investments
Price determinants of sharing economy based accommodation rental
Is home sharing driving up rents? Evidence from Airbnb in Boston
Assessing Airbnb as a disruptive innovation relative to hotels
Pricing in the sharing economy
Micro-Neighborhood Externalities and Hedonic Housing Prices
Travel demand and the 3Ds
Airbnb
Urban tourism research
Modelling Spatial Structures in Local Housing Market Dynamics
Evaluating the Economic Impacts of Light Rail by Measuring Home Appreciation
Hedonic Prices and Implicit Markets
A New Approach to Consumer Theory
Airbnb
Stop Being a Tourist!' New Dynamics of Urban Tourism in Berlin-Kreuzberg
Airbnb and the rent gap
Holiday Rentals
| Unique citing works | 48 |
|---|---|
| Citations per year | 9,6 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 48 |