Price determinants of sharing economy based accommodation rental: A study of listings from 33 cities on Airbnb.com
International Journal of Hospitality ManagementPublished 18 January 2017
Dan Wang, Juan Luis Nicolau
Citations486
SJR quartileQ1
SJR score2.73
SNIP2.59
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Abstract
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.
Keywords
Social SciencesBusiness, Management and AccountingEngineering
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