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Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona

COVID-19-induced travel restrictions have led to a sharp drop in Airbnb bookings. Confronted with a decrease in demand, hosts have implemented heterogeneous price responses. This study evaluates the different price adjustments developed by professional and non-professional hosts. Considering the cit...

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Autor principal: Boto-García, David
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author. Published by Elsevier Ltd. 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8784670/
https://www.ncbi.nlm.nih.gov/pubmed/35095167
http://dx.doi.org/10.1016/j.ijhm.2022.103169
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author Boto-García, David
author_facet Boto-García, David
author_sort Boto-García, David
collection PubMed
description COVID-19-induced travel restrictions have led to a sharp drop in Airbnb bookings. Confronted with a decrease in demand, hosts have implemented heterogeneous price responses. This study evaluates the different price adjustments developed by professional and non-professional hosts. Considering the city of Barcelona as the case study, I exploit monthly longitudinal data for 24,000 different Airbnb listings observed between June 2020 and April 2021. Using hedonic regressions with listing and neighbourhood fixed effects, I show that professional hosts have reduced prices to a greater extent, especially during the worst months of the pandemic. The findings support intertemporal price discrimination among professional hosts, which seem to adjust prices faster to meet demand and better adapt to market conditions.
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spelling pubmed-87846702022-01-24 Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona Boto-García, David Int J Hosp Manag Research Note COVID-19-induced travel restrictions have led to a sharp drop in Airbnb bookings. Confronted with a decrease in demand, hosts have implemented heterogeneous price responses. This study evaluates the different price adjustments developed by professional and non-professional hosts. Considering the city of Barcelona as the case study, I exploit monthly longitudinal data for 24,000 different Airbnb listings observed between June 2020 and April 2021. Using hedonic regressions with listing and neighbourhood fixed effects, I show that professional hosts have reduced prices to a greater extent, especially during the worst months of the pandemic. The findings support intertemporal price discrimination among professional hosts, which seem to adjust prices faster to meet demand and better adapt to market conditions. The Author. Published by Elsevier Ltd. 2022-04 2022-01-24 /pmc/articles/PMC8784670/ /pubmed/35095167 http://dx.doi.org/10.1016/j.ijhm.2022.103169 Text en © 2022 The Author Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Research Note
Boto-García, David
Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona
title Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona
title_full Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona
title_fullStr Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona
title_full_unstemmed Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona
title_short Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona
title_sort heterogeneous price adjustments among airbnb hosts amid covid-19: evidence from barcelona
topic Research Note
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8784670/
https://www.ncbi.nlm.nih.gov/pubmed/35095167
http://dx.doi.org/10.1016/j.ijhm.2022.103169
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