Location advantages of lodging properties: A comparison between hotels and Airbnb units in an urban environment

Yang Yang and Zhenxing Mao

Annals of Tourism Research, 2020, vol. 81, issue C

Abstract: This study aims to investigate various types of location advantages that contribute to lodging property performance. Using monthly revenue data for individual urban hotels and Airbnb units in Houston, Texas from 2014 to 2016, we apply the Hausman-Taylor model to estimate the effects of location factors. Several factors are confirmed, including accessibility to points of interest, transport convenience, the surrounding environment, and market conditions. The overall effect of location advantage is more substantial for urban hotels than Airbnb units. Findings do not reveal a sizable competition effect between urban hotels and Airbnb units. Furthermore, we unveil factors associated with location advantages for different hotel classes and Airbnb types by estimating the model using different sub-samples.

Keywords: Location advantage; Urban hotels; Spatial competition; Airbnb; Accessibility (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:81:y:2020:i:c:s0160738320300050

DOI: 10.1016/j.annals.2020.102861

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