Examining the impact of short-term rental regulation on peer-to-peer accommodation performance: a difference-in-differences approach

The pricing of European airbnb listings during the pandemic: A difference-in-differences approach employing COVID-19 response strategies as a continuous treatment

“…Similarly, the DID technique is adopted to understand the impact of terrorist attacks on the P2PA market in Paris, which, predictably, has a significant negative effect on both market demand and rental performance ( Chen, Chen, & He, 2021 ). Yeon, Kim, Song, and Kim (2020) apply both DID and a triple difference (DDD) approach in examining the impact of short-term rental regulation on P2PA performance, demonstrating a substantial difference between the pre- and post-regulation. Such types of modeling are also used in examining the impacts of: (1) Airbnb on hotel performance and employment (e.g., Mhlanga, 2019 , 2020 , 2021 ), (2) consumer animosity on demand for sharing-based accommodations (e.g., Li, Li, Wang, & Yang, 2021 ), and (3) the offshore wind farm on the vacation rental market (e.g., Carr-Harris & Lang, 2019 ).…”

Vacation rental market regulation and accommodation supply growth

“…Interestingly, when the authors split the analysis by property type, they show that the legal framework hinders the supply of entire houses and private rooms, whereas hostile enforcement only inhibits the supply of entire houses. Yeon et al (2020b) evaluate the impact of a law that prohibited advertisements for illegal short-term rentals in New York City on their economic performance. Their estimates indicate the monthly revenues of Airbnb listings subject to the regulation significantly decreased.…”

“…Some prior studies have evaluated the impacts of vacation rental market regulation on different outcomes like the usage of RVRs in adjacent non-regulated neighbourhoods (Valentin, 2021), property sales price (Kim et al, 2017) or the performance of incumbents (Yeon et al, 2020a). More recently, Benítez-Aurioles (2021), Van Holm (2020), Yang and Mao (2019) and Yeon et al (2020b) study the impact of RVR regulation on their demand, supply and economic performance, respectively. We contribute to this body of research but from a different perspective.…”

It's Not Just About Money in Peer-To-Peer Accommodation

“…Platform service providers can also incorporate security features and digital cues (for example-accepting payment from reputed payment systems, 24/7 operational customer helpline number and internet chatbots, regulatory compliance online checklist for guests) that amplify the residents' trust and influence their hosting intentions. Further, policymakers and destination management authorities can stimulate P2PA among Indian residents by issuing lucrative and supportive schemes and regulations, which is a growing area of research in the traditional tourism industry (Yeon et al, 2020). Finally, the government authorities can set up incubation centers all across the country and organize training programs for residents to foster entrepreneurship and financial independence.…”