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What caused the rise of Airbnb? An examination of key macroeconomic factors       
Yazarlar
Tarık Doğru
Türkiye
Courtney Suess
Makarand Mody
Yıngsha Zhang
Prof. Dr. Ümit BULUT Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye
Ercan Sırakayaturk
Özet
The social and economic implications of the Airbnb phenomenon have been the subject of much research. Yet, the academic literature on Airbnb is nascent. Specifically, the issue of whether major macroeconomic conditions affect the supply of Airbnb has not been investigated. To address this gap, we propose a conceptual model that explains the determinants of Airbnb supply and examine the extent to which major macroeconomic factors affect the supply of Airbnb. Specifically, we analyze the effects of hotel room rates (ADR), hotel demand, tourism demand, house prices, gross domestic product (GDP), wages and unemployment on the supply of Airbnb in 50 U.S. states. Results show that increases in hotel ADR, house prices, and GDP have contributed to an increase in the supply of Airbnb, whereas increases in unemployment rates and wages have adverse effects on Airbnb supply. Theoretical and policy implications are discussed within realms of macroeconomic theory.
Anahtar Kelimeler
Airbnb | Hotels | Housing | Macroeconomic factors | Sharing economy | United States
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı TOURISM MANAGEMENT
Dergi ISSN 0261-5177
Dergi Tarandığı Indeksler SSCI
Dergi Grubu Q1
Makale Dili İngilizce
Basım Tarihi 12-2020
Cilt No 81
Sayı 1
Sayfalar 104134 / 0
Doi Numarası 10.1016/j.tourman.2020.104134
Makale Linki https://linkinghub.elsevier.com/retrieve/pii/S0261517720300601