What caused the rise of Airbnb? An examination of key macroeconomic factors
      
Yazarlar (6)
Tarık Doğru
Florida State University, Amerika Birleşik Devletleri
Courtney Suess
Texas A&M University, Amerika Birleşik Devletleri
Makarand Mody
Boston University, Amerika Birleşik Devletleri
Yıngsha Zhang
Waikato Management School, Yeni Zelanda
Prof. Dr. Ümit BULUT Kırşehir Ahi Evran Üniversitesi, Türkiye
Ercan Sırakayaturk
University Of South Carolina, Amerika Birleşik Devletleri
Makale Türü Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
Dergi Adı Tourism Management (Q1)
Dergi ISSN 0261-5177 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler SSCI
Makale Dili İngilizce Basım Tarihi 12-2020
Cilt / Sayı / Sayfa 81 / 1 / 104134–0 DOI 10.1016/j.tourman.2020.104134
Makale Linki https://linkinghub.elsevier.com/retrieve/pii/S0261517720300601
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