Remedying Airbnb COVID-19 disruption through tourism clusters and community resilience
Seongsoo Jang and
Jinwon Kim
Journal of Business Research, 2022, vol. 139, issue C, 529-542
Abstract:
Peer-to-peer (P2P) accommodation markets have been disrupted by the COVID-19 pandemic. However, little attention is paid to how to remedy the disruption in terms of P2P accommodation performance. This study empirically investigates the spatially heterogeneous COVID-19 disruptions in the Airbnb business and offers place-based remedying strategies through local resources, including tourism clusters and community resilience. Using real data on Airbnb operating performance and local resources in Florida, we employ spatial econometric models and visualization techniques to estimate the pandemic-disrupted Airbnb performance model. The results show that leisure and hospitality clusters and three resilience resources—social, community capital, and environmental—had spatially heterogeneous effects on Airbnb revenue and booking performance across Floridian counties during the pandemic. Furthermore, community resilience moderated the effect of tourism clusters on Airbnb performance across individual and subclustered counties. These findings enable P2P accommodation hosts and policymakers to adopt destination-specific remedying strategies to cope with the pandemic.
Keywords: Airbnb; COVID-19; Tourism clusters; Community resilience; Geographically weighted regression (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (8)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:139:y:2022:i:c:p:529-542
DOI: 10.1016/j.jbusres.2021.10.015
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