Disintermediation

Kristóf Gyódi from the University of Warsaw has web-scraped Airbnb listing data and hotel offers available at Booking.com in Paris, Barcelona, Berlin, and Warsaw and then compared them. “The empirical analysis reveals that only a minority of Airbnb listings can be classified as sharing economy services, while commercial offers constitute a significant share of listings on the platform. ” And “Although Airbnb facilitates the spread of tourism to areas not covered by the traditional hotel industry, it is also highly concentrated in neighbourhoods that have long attracted travellers, and thus contributes to increasing pressure from tourism.” Gyódi concludes that ” Airbnb and traditional hotels compete for travellers across a wide range of market segments, but the substitutability of their offers is constrained by their complementary relationships in specific city areas.” more