In new zealand, over 70 per cent of airbnb hosts are female, and have an average age of 48 years old tourism is integral to new zealands economy, with the industry contributing around. Mehmed grand valley state university abstract the sharing economy, or the sharing of goods and services peertopeer, is expanding rapidly across the united states. In the platformbased sharing economy service, the consumer using the service and. This paper examines how a pioneer of sharing economyairbnbaffects local economy. Because of this, youll need to remember proper etiquette when staying at an airbnb property. Collectively, this data gave us a holistic view of whats unfolding across both business and consumer landscapes. As an airbnb user, youre part of a global community. The impact of sharing economy on chinese tourism today an increasing number of young people are likely to book homestay hotels instead of traditional hotels. Jun 03, 2016 for example, airbnb, one of the most successful examples of sharing economy platform, is often criticized by regulators and policy makers. Sharing economy platforms have become extremely popular in the last few years, and they have changed the way in which we commute, travel, and borrow. This paper aims to develop a theoretical framework of value cocreation and value codestruction of guesthost social practices facilitated through airbnb in the sharing economy. Accommodation sharing platform airbnb is often considered a sharing economy exemplar, and has promoted itself as helping middleclass residents to gain and retain a foothold in expensive housing markets.
Working party on national accounts measuring challenges of. Home sharing has become one of the sharing economys biggest niches, challenging the monopoly on accommodation that hotels have held for decades. For example, airbnb, one of the most successful examples of sharing economy. The sharing economy seems to be going from strength to strength. We assess the impact of homesharing on residential house prices and rents. Related work our work relates to the growing literature on the regulation of the sharing economy. Tourism and the sharing economy world bank documents. Airbnb and the socalled sharing economy is hollowing out. Top countries for international arrivals and airbnb guests in jamaica, by market share, 2017 37 figure 12. And it is all done via communication among the parties over the internet. The profits of highend hotels are the most sensitive to the changes in airbnb hosting costs. Case study in 2016 a business model for the sharing economy bambang kuncoro 1706997054 tamara.
While, in theory, municipalities should regulate the emergence of airbnb through evidencebased policy making, in practice, they engage in a false dichotomy. Similarly, uber is merely offering the hire of a vehicle with a driver in return for payment. Value cocreation and codestruction in the airbnb sharing. Airbnb, snapgoods and 12 more pioneers of the share economy. A typical example of sharing economy is airbnb, which shares space. The sharing economy has attracted a great deal of attention in recent months. Travelers can rent a room or a whole home or a british castle pictured on airbnb. How the sharing economy can make its case mckinsey. Our company and the airbnb community are leaders in the new sharing. Boosters claim the new technologies will yield utopian outcomesempowerment of ordinary people, efficiency, and even lower carbon footprints. The sharing economy has become a prominent though not well understood economic phenomenon over the past several years. The san francisco startup is the poster child of the collaborative consumptionpeer economy sector.
The airbnb sharing economy has given rise to a new group of astute entrepreneurs called rentalpreneurs. The plight of barcelona shows the damage airbnb can do, exacerbating urban. Accommodationsharing platform airbnb is often considered a sharing economy exemplar, and has promoted itself as helping middleclass residents to gain and retain a foothold in expensive housing markets. Despite their popularity among consumers, such companies are poorly regulated. International arrivals and airbnb guests in jamaica, by resort area, 2017 36 figure 11. Can uber, airbnb and sharing platforms selfregulate. In case youve never used it, the platform allows for individuals to make money by renting out an unused room or property. The motivation for this study is to determine if and how shortterm rentals booked through airbnb are affecting hotel performance in the u. Sharing economy has developed rapidly in recent years, but little is known regarding its real effects. In order to book a room on airbnb, you will need three things. Airbnbs head of global hospitality and strategy and hotelier, who shares some perspective on the sharing economy and discusses how airbnb is working to even the playing field with hoteliers. Aug 31, 2018 airbnb and the socalled sharing economy is hollowing out our cities this article is more than 1 year old. We assess the impact of home sharing on residential house prices and rents.
The case discusses the struggles associated with a. Number of airbnb listings in jamaica, by type, 20142017 34 figure 9. How airbnb benefits communities founded in august of 2008 and based in san francisco, california, airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world online or from a mobile phone. Airbnb and the socalled sharing economy is hollowing out our cities this article is more than 1 year old. May 27, 2018 the platform business model value chain for sharing economy businesses. Using a dataset of airbnb listings from the entire united states and an instrumental variables estimation strategy, we show that airbnb has a positive impact on house prices and rents. For sociologists, the sharing economy raises important questions. The concept of the sharing economy in accommodation business, an explosively growing business model, influences housing and hotel markets worldwide. Avoid overregulation is critical, since airbnb has significant welfare effects in the economy. Peertopeer markets, collectively known as the sharing economy, have emerged as alternative suppliers of goods and services traditionally provided by longestablished industries. Apr 17, 2019 finally, recent airbnb and policy changes e.
Many state and local governments are scrambling to figure out how and if sharing economy. As a matter of fact, according to information compiled by learnairbnb at least more. Mar 05, 2015 think airbnb probably the name most recognizable when it comes to sharing economy. Pdf consumer segmentation within the sharing economy. With the rapid development of sharing economy, massive sharing systems such as uber, airbnb, and bikeshare have percolated into peoples daily life. Cities do not know how to regulate the sharing economy but might well use web data to offer evidenceinformed policies. The authors explore the economic impact of the sharing economy on incumbent firms by studying the case of airbnb, a prominent platform for shortterm accommodations. The aim of this paper is to investigate the size of the airbnb sector in prague, to identify a potential disruption of the accommodation market and the potential scale of tax evasion of the airbnb. The complete document is only available in pdf format. Homeaways lawsuit against airbnb and the uber subprime auto loan controversy highlight an uncomfortable fact of the emerging digitalsharing economy.
Community libraries emerged in the 18th century, allowing people to lend and borrow books to and. In 2008, airbnb came onto the scene with the idea of allowing people to share space in their homes in order to find lodging in cities with booked up hotels. The sharing economy is a global phenomenon with rapid growth potential. Research in these area comes from many disciplines, from law to economy to policy. Using venture capital infusions as plausibly exogenous shocks to. Airbnb and the unstoppable rise of the share economy forbes. The effect of homesharing on house prices and rents. Airbnb, a rapidly growing peertopeer rental property platform, faces scrutiny and backlash for its actions after teenage guest, jacob lopez, claims to have been sexually assaulted by his host. This narrative is particularly salient in global cities, where poor housing affordability and high tourist demand inevitably coexist. Meanwhile, airbnb and uber, the two large platforms in the sector, have been engaged in battles with the industries and residents they are disrupting, as protests, counterprotests and intense political struggles are occurring throughout the us and around the world.
Airbnb, uber and problems with the digitalsharing economy. Airbnb is a prime example of a global company that makes the sharing economy possible. Crisis communication in the sharing economy a 75day imposed limit over the course of a year on all forms of shortterm rentals where the host is not present during the stay. Airbnb accommodates every type of traveler, from the budget conscious to the luxurious and adventurous. Growth of the sharing economy 5 the sharing economy companies that are emerging on the back of radical changes in consumer habits couchsurfing, airbnb, uber and their peers have overturned entire sectors with their socalled creative disruption in the space of only a few years. The sharing economy is a fastgrowing innovation opportunity. The sharing economy, popularized by the likes of airbnb and uber, has enjoyed remarkably rapid growth over the last five years and looks set to scale new heights over the next decade. While research has begun to explore segmentation between users and nonusers, only limited research has looked at consumer segmentation within sharing economy services. People from practically any part of the world can now borrow or rent beds, rooms, cars, and other assets.
Pdf who benefits from the sharing economy of airbnb. Homeaways lawsuit against airbnb and the uber subprime auto loan controversy highlight an uncomfortable fact of the emerging digital sharing economy. Airbnb and the socalled sharing economy is hollowing out our. Alongside the ride sharing company uber, airbnb is one of the two leading lights of the socalled sharing economy, a contentious concept built on the peertopeer exchange of goods and services enabled by recent advances in information technology. Uber, airbnb and consequences of the sharing economy. Platforms such as airbnb and uber are experiencing explosive growth, which, in turn, has led to regulatory and political battles. The myth of the sharing economy and its implications for. Pdf sharing economy platforms have become extremely popular in the last few years, and they have changed the way in which we commute, travel, and.
Harmonizing the sharing economy through airbnb regulations, 39 b. For example, airbnb, one of the most successful examples of sharing economy platform, is often criticized by regulators and policy makers. Pdf the concept of the sharing economy in accommodation business, an explosively growing business model, influences housing and hotel markets. The goal of this work was to determine who benefits from airbnb in london, and how that has changed over the years in the entire city. Peertopeer markets, collectively known as the sharing economy, have. I am distinguishing between two of the most common types asset sharing platforms and service sharing platforms. Sharing economy platforms have become extremely popular in the last few years, and they have changed the way in which we commute, travel, and borrow among many other activities. Sep 11, 2017 this paper aims to develop a theoretical framework of value cocreation and value codestruction of guesthost social practices facilitated through airbnb in the sharing economy. Jun 21, 2018 finally, recent airbnb and policy changes e.
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