Estimating the implicit value of a short-term rental license: A case study of Airbnb survivals in New York city

Augusto Voltes-Dorta

Tourism Economics, 2025, vol. 31, issue 4, 789-794

Abstract: Following New York City’s recent regulations requiring hosts of short-term accommodations to obtain licenses, most hosts either exited the market or switched to monthly rentals. This raises the question of the implicit value of a short-term rental license—a topic that has not received much attention in the literature. To address this gap, we estimated several fixed-effect negative-binomial regressions using data on New York’s extant Airbnb listings from February 2023 to March 2024. We found that short-term licensed listings earn, on average, between 5.2 and 7.2 thousand dollars more per year than unlicensed ones.

Keywords: Airbnb; short-term rentals; regulations; fixed-effects regression (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/13548166241273667 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:31:y:2025:i:4:p:789-794

DOI: 10.1177/13548166241273667

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().