Price determinants of sharing economy based accommodation rental: A study of listings from 33 cities on Airbnb.com

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 bas...

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Bibliographic Details
Published inInternational journal of hospitality management Vol. 62; pp. 120 - 131
Main Authors Wang, Dan, Nicolau, Juan L.
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.04.2017
Subjects
Airbnb
Hotels
Price determinants
Quantile regression
Sharing economy
Hotels
Price determinants
Airbnb
Quantile regression
Sharing economy
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Summary: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.
ISSN:0278-4319
1873-4693
DOI:10.1016/j.ijhm.2016.12.007