Airbnb sharing economy pdf

May 27, 2018 the platform business model value chain for sharing economy businesses. Community libraries emerged in the 18th century, allowing people to lend and borrow books to and. Homeaways lawsuit against airbnb and the uber subprime auto loan controversy highlight an uncomfortable fact of the emerging digitalsharing economy. Pdf sharing economy platforms have become extremely popular in the last few years, and they have changed the way in which we commute, travel, and. The case discusses the struggles associated with a. Airbnb is a prime example of a global company that makes the sharing economy possible. Working party on national accounts measuring challenges of. Accommodation sharing platform airbnb is often considered a sharing economy exemplar, and has promoted itself as helping middleclass residents to gain and retain a foothold in expensive housing markets. Using a dataset of airbnb listings from the entire united states and an instrumental variables estimation strategy, we show that airbnb has a positive impact on house prices and rents. The impact of sharing economy on chinese tourism today an increasing number of young people are likely to book homestay hotels instead of traditional hotels. In the platformbased sharing economy service, the consumer using the service and. Top countries for international arrivals and airbnb guests in jamaica, by market share, 2017 37 figure 12. This paper examines how a pioneer of sharing economyairbnbaffects local economy. Uber, airbnb and consequences of the sharing economy.

Using venture capital infusions as plausibly exogenous shocks to. International arrivals and airbnb guests in jamaica, by resort area, 2017 36 figure 11. We assess the impact of home sharing on residential house prices and rents. As a matter of fact, according to information compiled by learnairbnb at least more. In new zealand, over 70 per cent of airbnb hosts are female, and have an average age of 48 years old tourism is integral to new zealands economy, with the industry contributing around. In 2008, airbnb came onto the scene with the idea of allowing people to share space in their homes in order to find lodging in cities with booked up hotels. The airbnb sharing economy has given rise to a new group of astute entrepreneurs called rentalpreneurs. Collectively, this data gave us a holistic view of whats unfolding across both business and consumer landscapes. The sharing economy is a fastgrowing innovation opportunity. How the sharing economy can make its case mckinsey. Value cocreation and codestruction in the airbnb sharing.

Peertopeer markets, collectively known as the sharing economy, have. We assess the impact of homesharing on residential house prices and rents. Peertopeer markets, collectively known as the sharing economy, have emerged as alternative suppliers of goods and services traditionally provided by longestablished industries. Similarly, uber is merely offering the hire of a vehicle with a driver in return for payment. While, in theory, municipalities should regulate the emergence of airbnb through evidencebased policy making, in practice, they engage in a false dichotomy.

The effect of homesharing on house prices and rents. A typical example of sharing economy is airbnb, which shares space. Meanwhile, airbnb and uber, the two large platforms in the sector, have been engaged in battles with the industries and residents they are disrupting, as protests, counterprotests and intense political struggles are occurring throughout the us and around the world. Mehmed grand valley state university abstract the sharing economy, or the sharing of goods and services peertopeer, is expanding rapidly across the united states. Because of this, youll need to remember proper etiquette when staying at an airbnb property. The plight of barcelona shows the damage airbnb can do, exacerbating urban. Airbnb, uber and problems with the digitalsharing economy. Related work our work relates to the growing literature on the regulation of the sharing economy. For example, airbnb, one of the most successful examples of sharing economy platform, is often criticized by regulators and policy makers. Airbnb, a rapidly growing peertopeer rental property platform, faces scrutiny and backlash for its actions after teenage guest, jacob lopez, claims to have been sexually assaulted by his host. The sharing economy is a global phenomenon with rapid growth potential. Our company and the airbnb community are leaders in the new sharing. Airbnb, snapgoods and 12 more pioneers of the share economy.

Airbnbs head of global hospitality and strategy and hotelier, who shares some perspective on the sharing economy and discusses how airbnb is working to even the playing field with hoteliers. How airbnb benefits communities founded in august of 2008 and based in san francisco, california, airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world online or from a mobile phone. This paper aims to develop a theoretical framework of value cocreation and value codestruction of guesthost social practices facilitated through airbnb in the sharing economy. Platforms such as airbnb and uber are experiencing explosive growth, which, in turn, has led to regulatory and political battles. Apr 17, 2019 finally, recent airbnb and policy changes e. Can uber, airbnb and sharing platforms selfregulate. The sharing economy has become a prominent though not well understood economic phenomenon over the past several years.

I am distinguishing between two of the most common types asset sharing platforms and service sharing platforms. Sep 11, 2017 this paper aims to develop a theoretical framework of value cocreation and value codestruction of guesthost social practices facilitated through airbnb in the sharing economy. The sharing economy has attracted a great deal of attention in recent months. As an airbnb user, youre part of a global community. Sharing economy platforms have become extremely popular in the last few years, and they have changed the way in which we commute, travel, and borrow among many other activities. Case study in 2016 a business model for the sharing economy bambang kuncoro 1706997054 tamara. Cities do not know how to regulate the sharing economy but might well use web data to offer evidenceinformed policies. Boosters claim the new technologies will yield utopian outcomesempowerment of ordinary people, efficiency, and even lower carbon footprints. Airbnb and the socalled sharing economy is hollowing out our. Airbnb and the socalled sharing economy is hollowing out our cities this article is more than 1 year old. Mar 05, 2015 think airbnb probably the name most recognizable when it comes to sharing economy.

Tourism and the sharing economy world bank documents. This narrative is particularly salient in global cities, where poor housing affordability and high tourist demand inevitably coexist. The san francisco startup is the poster child of the collaborative consumptionpeer economy sector. Travelers can rent a room or a whole home or a british castle pictured on airbnb. For sociologists, the sharing economy raises important questions. Aug 31, 2018 airbnb and the socalled sharing economy is hollowing out our cities this article is more than 1 year old. Airbnb and the unstoppable rise of the share economy forbes.

In case youve never used it, the platform allows for individuals to make money by renting out an unused room or property. Sharing economy has developed rapidly in recent years, but little is known regarding its real effects. Homeaways lawsuit against airbnb and the uber subprime auto loan controversy highlight an uncomfortable fact of the emerging digital sharing economy. The myth of the sharing economy and its implications for. The authors explore the economic impact of the sharing economy on incumbent firms by studying the case of airbnb, a prominent platform for shortterm accommodations. Home sharing has become one of the sharing economys biggest niches, challenging the monopoly on accommodation that hotels have held for decades.

Growth of the sharing economy 5 the sharing economy companies that are emerging on the back of radical changes in consumer habits couchsurfing, airbnb, uber and their peers have overturned entire sectors with their socalled creative disruption in the space of only a few years. Pdf the concept of the sharing economy in accommodation business, an explosively growing business model, influences housing and hotel markets. Number of airbnb listings in jamaica, by type, 20142017 34 figure 9. Many state and local governments are scrambling to figure out how and if sharing economy. With the rapid development of sharing economy, massive sharing systems such as uber, airbnb, and bikeshare have percolated into peoples daily life.

The sharing economy, popularized by the likes of airbnb and uber, has enjoyed remarkably rapid growth over the last five years and looks set to scale new heights over the next decade. Jun 03, 2016 for example, airbnb, one of the most successful examples of sharing economy platform, is often criticized by regulators and policy makers. While research has begun to explore segmentation between users and nonusers, only limited research has looked at consumer segmentation within sharing economy services. Harmonizing the sharing economy through airbnb regulations, 39 b. Pdf who benefits from the sharing economy of airbnb. The motivation for this study is to determine if and how shortterm rentals booked through airbnb are affecting hotel performance in the u. Airbnb accommodates every type of traveler, from the budget conscious to the luxurious and adventurous. And it is all done via communication among the parties over the internet. For example, airbnb, one of the most successful examples of sharing economy. Jun 21, 2018 finally, recent airbnb and policy changes e. Accommodationsharing platform airbnb is often considered a sharing economy exemplar, and has promoted itself as helping middleclass residents to gain and retain a foothold in expensive housing markets.

Pdf consumer segmentation within the sharing economy. The complete document is only available in pdf format. The profits of highend hotels are the most sensitive to the changes in airbnb hosting costs. The sharing economy seems to be going from strength to strength.