The Rise of the Sharing Economy: Estimating the Impact of Airbnb on the Hotel Industry

  title={The Rise of the Sharing Economy: Estimating the Impact of Airbnb on the Hotel Industry},
  author={Georgios Zervas and Davide Proserpio and John W. Byers},
  journal={Journal of Marketing Research},
  pages={687 - 705}
Peer-to-peer markets, collectively known as the sharing economy, have emerged as alternative suppliers of goods and services traditionally provided by long-established industries. The authors explore the economic impact of the sharing economy on incumbent firms by studying the case of Airbnb, a prominent platform for short-term accommodations. They analyze Airbnb's entry into the state of Texas and quantify its impact on the Texas hotel industry over the subsequent decade. In Austin, where… 

The Sharing Economy as a Local Economic Engine: The Heterogeneous Impact of Airbnb on Restaurant Employment Growth

This paper examines the heterogeneous economic spillover effects of a home sharing platform—Airbnb—on the growth of a complimentary local service—restaurants. By providing access to underutilized

The Effect of Airbnb on Hotel Performance: Comparing Single- and Multi-Unit Host Listings in the United States

Extant research provides ample evidence that Airbnb has an adverse impact on hotel revenues and that a majority of Airbnb hosts offer multiple listings on the platform. Arguably, multi-unit host

Airbnb’s effect on hotel sales growth

Modeling the Impact of the Sharing Economy on Traditional Firms

A system dynamics approach is used to evaluate market share and revenue under a variety of economic conditions when traditional and peer-to-peer providers compete in the travel and hospitality industry.

The Impact of Airbnb on Local Labour Markets in the Hotel Industry in Germany

Looking at “the sharing economy”, the paper tackles its impact on employment, in the context of traditional businesses being challenged by innovative business models. The focus is on the way Airbnb,

Does the sharing economy hurt the traditional economy? Evidence in the hospitality industry from the United States

A burgeoning sharing economy has recently opened vast niches of opportunities for virtually every economic sector from service to knowledge creation and even manufacturing. Notwithstanding the

Battle of the Beds: The Economic Impact of Airbnb on the Hotel Industry in Chicago and San Francisco

The sharing economy is the private redistribution of goods via peer-to-peer sharing. Since internet use has saturated the U.S., the sharing economy has become widely internet-based. Airbnb, a website



The Spread of Horizontal Chains : Efficiency or Market Power ? JOB MARKET PAPER

In the last 30 years, chain businesses have become dominant in many industries. The conventional explanation for this trend is that chain firms are more efficient, taking advantage of economies of

Responses to Entry in Multi-Sided Markets: The Impact of Craigslist on Local Newspapers

The impact of Craigslist, a website providing classified-advertising services, on local U.S. newspapers is studied and it is estimated that Craigslist's entry leads to $5.0 billion year 2000 dollars in savings to classified-ad buyers during 2000--2007.

Reducing buyer search costs: implications for electronic marketplaces

Information systems can serve as intermediaries between the buyers and the sellers in a market creating an "electronic marketplace" that lowers the buyers' cost to acquire information about seller

Competition between Local and Electronic Markets: How the Benefit of Buying Online Depends on Where You Live

It is shown that the parameters in existing theoretical models of channel substitution such as offline transportation cost, online disutility cost, and the prices of online and offline retailers interact to determine consumer choice of channels interact, and empirical support is provided for many such models.

Regulating Two-Sided Markets: An Empirical Investigation

We study the effect of government encouraged or mandated interchange fee ceilings on consumer and merchant adoption and usage of payment cards in an economy where card acceptance is far from

The Economics of Two-Sided Markets

Broadly speaking, a two-sided market is one in which 1) two sets of agents interact through an intermediary or platform, and 2) the decisions of each set of agents affects the outcomes of the other

Impact of Carsharing on Household Vehicle Holdings

Carsharing has grown considerably in North America during the past decade and has flourished in metropolitan regions across the United States and Canada. The new transportation landscape offers urban

Two-Sided Network Effects: A Theory of Information Product Design

A formal model of two-sided network externalities based in textbook economics-a mix of Katz and Shapiro network effects, price discrimination, and product differentiation is introduced, offering insights to regulators seeking to apply antitrust law to network markets.

Platform competition in two sided markets

Many if not most markets with network externalities are two-sided. To succeed, platforms in industries such as software, portals and media, payment systems and the Internet, must “get both sides of

The Skill Complementarity of Broadband Internet

Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data with