Heterogeneous price adjustments among Airbnb hosts amid COVID-19: Evidence from Barcelona.
Int J Hosp Manag
; 102: 103169, 2022 Apr.
Article
in English
| MEDLINE | ID: covidwho-2322092
ABSTRACT
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.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
/
Prognostic study
Language:
English
Journal:
Int J Hosp Manag
Year:
2022
Document Type:
Article
Affiliation country:
J.ijhm.2022.103169
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