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The Rise of the Sharing Economy in Tourism: Exploring Airbnb Attributes for the Veneto Region

Jan Van der Borg (), Nicola Camatti (), Dario Bertocchi and Andrea Albarea
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Jan Van der Borg: Department of Economics, University Of Venice Cà Foscari, and KU Leuven
Nicola Camatti: Department of Economics, University Of Venice Cà Foscari
Dario Bertocchi: IUAV University of Venice
Andrea Albarea: Department of Economics, University Of Venice Cà Foscari

No 2017:05, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: In just a couple of years, the sharing economy grew out to become a significant segment of the holiday accommodation market. Online peer-to-peer marketplaces allow people to offer rooms or entire houses to tourists, with Airbnb being the biggest and most famous example. This paper aims to give an insight into explaining which factors and attributes influence the success of Airbnb accommodations in the Veneto Region, using occupancy as a proxy. We analysed characteristics of 19624 Airbnb accommodations. The logistic regression model identifies a number of influential attributes which can be divided between locational characteristics, being located in attractive tourism destinations, and accommodation characteristics, for example the price, rating, number of previous bookings and the status of the host. The quantitative analysis allows to create an attractiveness scale, which is analysed for geographic patterns.

Keywords: sharing economy; peer-to-peer marketplaces; Airbnb; attractiveness; tourism policy (search for similar items in EconPapers)
JEL-codes: L83 O18 R58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur, nep-pay, nep-tur and nep-ure
Date: 2017
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