The impacts of Airbnb in Athens, Lisbon and Milan: a rent gap theory perspective

Alberto Amore, Cecilia de Bernardi and Pavlos Arvanitis

Current Issues in Tourism, 2022, vol. 25, issue 20, 3329-3342

Abstract: The 2007–2008 Global Financial Crisis profoundly impacted the housing markets, particularly of the so-called PIGS countries. Main cities in Portugal, Italy and Greece have seen a sharp decrease in house prices and rent value since 2010. At the same time, the rise of Airbnb has contributed to the reframing of housing market demand in cities, with an increase of temporary lettings in prime urban tourist areas. Understandably, this has direct implications for local residents, with renters’ displacement, tourism gentrification and raising cases of tourismphobia. This article provides insights from three cities – Athens, Lisbon and Milan – to show how the dynamics in the housing market and the boost of Airbnb over the last decade are steadily changing the urban populations of the aforementioned cities. This research builds upon the rent gap theory and the Luke’s’ Power Theory to illustrate how Airbnb is fostering a new form of urban displacement at a faster rate than traditional housing gentrification, with the renting of prime residential areas to tourists.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/13683500.2020.1742674 (text/html)
Access to full text is restricted to subscribers.

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:taf:rcitxx:v:25:y:2022:i:20:p:3329-3342

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rcit20

DOI: 10.1080/13683500.2020.1742674

Access Statistics for this article

Current Issues in Tourism is currently edited by Jennifer Tunstall

More articles in Current Issues in Tourism from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().