Vacation rental market regulation and accommodation supply growth

David Boto-García, José Francisco Baños-Pino, Eduardo Del Valle and Inés Sustacha

Tourism Economics, 2023, vol. 29, issue 6, 1551-1576

Abstract: Short-term residential vacation rentals (RVRs) have increased their popularity in recent years. Local governments have introduced different regulatory changes to control their supply growth. This paper evaluates a policy intervention in a Northern Spanish destination that has reduced the bureaucratic procedures to officially open a RVR since 2016. We compare the evolution of accommodation growth of RVRs with that of tourist apartments exploiting a panel data set of 78 municipalities between 2013 and 2019. Using difference-in-differences, we provide evidence that the easing of the administrative procedures increased the number of establishments and bed places in RVRs by 5 and 26 units, on average, per municipality.

Keywords: vacation rental market regulation; administrative procedures; entry regulation; policy intervention (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:29:y:2023:i:6:p:1551-1576

DOI: 10.1177/13548166221110530

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