The changing valuation of short-term rental amenities in Mexico during and after the COVID-19 pandemic

Regina López-Ley, Diego Mayorga, Stefano Molina and Jorge Pérez Pérez

No 2026-03, Working Papers from Banco de México

Abstract: We study how the COVID-19 pandemic changed the valuation of amenities in the prices of short-term rental listings in Mexico, a country that had few tourism and mobility restrictions during the pandemic. Using data on the universe of short-term rental listings in Mexico from 2018 to 2023, we estimate hedonic price models and analyze how their coefficients changed for amenities associated with a lower risk of COVID-19 infection and reduced face-to-face contact. Our results show that the valuation of remote work amenities, such as workspaces, open-space amenities like beachfronts, and reduced-contact amenities, such as private spaces, increased significantly during the pandemic. Some of these valuation changes, such as those for workspaces and elevators, persist in the post-pandemic-restrictions period. The results are consistent with both a changing taste for certain amenities and a change in the demographic composition of short-term rental consumers in Mexico.

Keywords: Hedonic pricing models; COVID-19; tourism; Airbnb (search for similar items in EconPapers)
JEL-codes: R21 (search for similar items in EconPapers)
Date: 2026-09
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