 Economic impacts of digital home-sharing platform: Creative destruction in the hospitality industryTaehyee Um, Yejin Lee and Jakeun Koo Tourism Economics, 2025, vol. 31, issue 2, 201-220 Abstract: This paper describes an empirical study that was conducted by applying creative destruction theory to examine structural changes in the hospitality industry due to the growth of digital home-sharing platforms. To achieve these research aims, the current study considered the hospitality industry, which encompasses the accommodation and restaurant sectors, as well as Airbnb, representing the digital home-sharing platform. The findings revealed that there is a significant relationship between the exit of the accommodation industry and the supply of the digital home-sharing platform, while both entry and exit in the restaurant industry are significantly associated with the supply or performance of the digital home-sharing platform. Over time, this leads to industry transformations as certain segments of the lodging industry are replaced by digital home-sharing platforms, and as the restaurant industry undergoes a process of creative destruction, with establishments unable to adapt to changing business environments and the emergence of new facilities tailored to new technologies or accommodation models. Keywords: accommodation industry; creative destruction; digital home-sharing platforms; digital transformation; restaurant industry (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:31:y:2025:i:2:p:201-220 DOI: 10.1177/13548166241253888 Access Statistics for this article More articles in Tourism Economics |
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