Impacts of red tide in peer-to-peer accommodations: A multi-regional input-output model

Abstract

Increases in the incidence or severity of hazard events significantly alter the attractiveness of tourism destinations and tourism inflow. In 2018, a significant red tide event limited access to marine and coastal areas in Florida, heavily impacting the tourist sector. The purpose of this study was to estimate the economic impacts of red tides in the state economy through the shock in the Airbnb market. We combined microdata on Airbnb properties and water sample records and estimated that water sample indicating the presence of red tide conditions within a county decreases the average daily rate price of Airbnb rentals by $0.45 and the number of reservation days by 345. This event generated $317 million in sales revenue losses and resulted in the loss of nearly 2900 job-years throughout Florida. Knowledge of such consequences is essential to inform decision-making processes for policy makers and tourism management professionals.

The Perception of the Impact of Land-Use on Small and Large Cities by Tourists Using p2p Platforms

“…In the existing literature, land use impacts on local communities associated with the activity of online platforms for intermediation of tourist accommodation have been described [9,11,25,27]. However, the consumption of hosting services mediated on p2p platforms, and the importance attributed by tourists to the land use impact in small and larger cities has not been analyzed.…”

“…It is possible to classify the land use impacts generated in the following categories: sociocultural, economic, labor and environmental impacts [3]. The increase in the price of housing, which is an economic impact, generates a loss of population and cohesion in neighborhoods [9,11,27].…”

“…Various positive impacts of an economic nature have been described. This modality of accommodation makes it possible to offer places at a lower price [14,27,29], which permits tourism for a segment of the population that could not have enjoyed it otherwise [30]. The offer of accommodation places offered by these houses complements Land 2023, 12, 899 3 of 13 the traditional form, which increases the capacity of the destinations and makes it possible to take advantage of peak times [27,29].…”

“…This modality of accommodation makes it possible to offer places at a lower price [14,27,29], which permits tourism for a segment of the population that could not have enjoyed it otherwise [30]. The offer of accommodation places offered by these houses complements Land 2023, 12, 899 3 of 13 the traditional form, which increases the capacity of the destinations and makes it possible to take advantage of peak times [27,29]. Even though these homes are usually highly concentrated in tourist areas, they are also located outside them, which allows visitor spending to occur in different areas to the central ones [31].…”

Using the 2016 Zika outbreak to estimate the potential tourism impacts of a Chikungunya event in Florida

“…Moreover, until now, previous works about outbreaks have yet to pay attention to the relationship between the impacts felt by the lodging industry and the remaining economic sectors by including consideration of the inter-sectoral linkages to estimate the broader regional economic consequences of such a shock in the local, regional, or national economies. Ferreira et al (2022) highlight that money from tourists enters an economy through hospitality, restaurants, or local shops, then circulates within the local economy through wages or profits and the purchases of locally sourced inputs to satisfy production. Thus, local economies or regions can benefit from this money, provided that a significant portion is subsequently retained and redistributed within the area.…”