The effects of COVID-19 on Airbnb
COVID-19 pandemic starting at the end of 2019, hit hard tourism and hospitality industries throughout the world. As a part of the processes, the most popular P2P accommodation service, the Airbnb also faced a rapid drop in bookings. This study explores and compares the effects of the first wave of t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Research Centre for Astronomy and Earth Sciences, Hungarian Academy of Sciences
2020-12-01
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| Series: | Hungarian Geographical Bulletin |
| Subjects: | |
| Online Access: | https://ojs.mtak.hu/index.php/hungeobull/article/view/5099 |
| _version_ | 1818601843984433152 |
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| author | Lajos Boros Gábor Dudás Tamás Kovalcsik |
| author_facet | Lajos Boros Gábor Dudás Tamás Kovalcsik |
| author_sort | Lajos Boros |
| collection | DOAJ |
| description | COVID-19 pandemic starting at the end of 2019, hit hard tourism and hospitality industries throughout the world. As a part of the processes, the most popular P2P accommodation service, the Airbnb also faced a rapid drop in bookings. This study explores and compares the effects of the first wave of the pandemic on the Airbnb markets of 15 cities. The analysis is based on the data retrieved from Insideairbnb.com. Booking trends are compared between 2019 and 2020 and a day-to-day analysis of occupancy rates during the first months of 2020 is also performed. Special attention was paid to the effects of pandemic on different price categories of listings. The results show that the evolution of local pandemic situation had the most significant impact on bookings and occupancy rates in the investigated cities. The characteristics of local markets and the pandemic and economic situation of sending countries had also great influence on the bookings and cancellations. In addition, in some cases the cancellations did not affect the reservations made for the later periods, meaning that tourists hoped for a quick recovery. The effect on price categories was also different from one location to another. The study provides empirical insights to the effects of the disease on P2P accommodations. Furthermore, the future of short-term rentals is also discussed briefly. |
| first_indexed | 2024-12-16T12:57:50Z |
| format | Article |
| id | doaj.art-f16bebccf4db4956a3145460beddea7d |
| institution | Directory Open Access Journal |
| issn | 2064-5031 2064-5147 |
| language | English |
| last_indexed | 2024-12-16T12:57:50Z |
| publishDate | 2020-12-01 |
| publisher | Research Centre for Astronomy and Earth Sciences, Hungarian Academy of Sciences |
| record_format | Article |
| series | Hungarian Geographical Bulletin |
| spelling | doaj.art-f16bebccf4db4956a3145460beddea7d2022-12-21T22:30:58ZengResearch Centre for Astronomy and Earth Sciences, Hungarian Academy of SciencesHungarian Geographical Bulletin2064-50312064-51472020-12-0169436338110.15201/hungeobull.69.4.35099The effects of COVID-19 on AirbnbLajos Boros0Gábor Dudás1Tamás Kovalcsik2Department of Economic and Social Geography, University of Szeged, Szeged, HungaryInstitute for Regional Studies, Centre for Economic and Regional Studies, Eötvös Loránd Research Network, Békéscsaba, HungaryDepartment of Economic and Social Geography, University of Szeged, Szeged, HungaryCOVID-19 pandemic starting at the end of 2019, hit hard tourism and hospitality industries throughout the world. As a part of the processes, the most popular P2P accommodation service, the Airbnb also faced a rapid drop in bookings. This study explores and compares the effects of the first wave of the pandemic on the Airbnb markets of 15 cities. The analysis is based on the data retrieved from Insideairbnb.com. Booking trends are compared between 2019 and 2020 and a day-to-day analysis of occupancy rates during the first months of 2020 is also performed. Special attention was paid to the effects of pandemic on different price categories of listings. The results show that the evolution of local pandemic situation had the most significant impact on bookings and occupancy rates in the investigated cities. The characteristics of local markets and the pandemic and economic situation of sending countries had also great influence on the bookings and cancellations. In addition, in some cases the cancellations did not affect the reservations made for the later periods, meaning that tourists hoped for a quick recovery. The effect on price categories was also different from one location to another. The study provides empirical insights to the effects of the disease on P2P accommodations. Furthermore, the future of short-term rentals is also discussed briefly.https://ojs.mtak.hu/index.php/hungeobull/article/view/5099airbnbtourism crisisgeography of pandemiccovid-19p2p accommodationsharing economy |
| spellingShingle | Lajos Boros Gábor Dudás Tamás Kovalcsik The effects of COVID-19 on Airbnb Hungarian Geographical Bulletin airbnb tourism crisis geography of pandemic covid-19 p2p accommodation sharing economy |
| title | The effects of COVID-19 on Airbnb |
| title_full | The effects of COVID-19 on Airbnb |
| title_fullStr | The effects of COVID-19 on Airbnb |
| title_full_unstemmed | The effects of COVID-19 on Airbnb |
| title_short | The effects of COVID-19 on Airbnb |
| title_sort | effects of covid 19 on airbnb |
| topic | airbnb tourism crisis geography of pandemic covid-19 p2p accommodation sharing economy |
| url | https://ojs.mtak.hu/index.php/hungeobull/article/view/5099 |
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