How does AirBnb affect local Spanish tourism markets?

Juan Jiménez González, Armando Ortuño () and Jorge V. Pérez-Rodríguez ()
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Armando Ortuño: Universidad de Alicante
Jorge V. Pérez-Rodríguez: University of Las Palmas de Gran Canaria

Empirical Economics, 2022, vol. 62, issue 5, No 15, 2515-2545

Abstract: Abstract This paper analyses the effects of AirBnb on the size of local tourism markets using AirBnb occupancy rates and hotel overnight stays in order to explore the causal relationship in several Spanish cities. A dynamic panel data model is applied at the city level (2014–2017). Our findings show a positive relationship between the increase in the number of properties offered on AirBnb and the implicit volume of tourists received by each city, specifically in two large cities (Madrid and Barcelona), due to higher AirBnb occupancy rate.

Keywords: P2P platforms; AirBnb; Tourism demand (search for similar items in EconPapers)
JEL-codes: L83 Z31 Z38 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s00181-021-02107-2

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