Impacts of the peer-to-peer market on tourist accommodation on the Balearic Islands of Mallorca and Menorca

Benítez-Aurioles, Beatriz

doi:10.24043/isj.108

Cited by 9 publications

(5 citation statements)

References 67 publications

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“…Source material has been clustered into two overarching categories: Places, People, and Culture In lieu of mentioning the many high-quality publications about the Balearic Islands from the fields of history and archaeology, we briefly review publications contextualising the Balearic Islands within the field of Island Studies. Past publications within the field have concentrated on typologies (Ordinas & Binimelis, 2017) as well as tourism (Benítez-Aurioles, 2020;Pons et al, 2014;Royle, 2009) and pilgrimage destinations (Farinelli & Hayward, 2019), or on the subversion of tourist connotations (Picornell, 2020) or identity…”

Section: Literature Review and Methodsmentioning

confidence: 99%

The Balearic Islands in ‘Island Encyclopaedias’, 700 BCE–1700 CE: An historical and archaeological assessment of island knowledge production with suggestions for future research

Dierksmeier¹,

Cespa²

2022

Shima

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Historical ‘island encyclopaedias’ (isolarii, islarios, ‘de insulis’) and their predecessors (Nesiotikà, peripli) were predominately written by authors of the Mediterranean region from the 7th century BCE to the 17th century CE. In this article, we first present an overview of these sources geared towards an Island Studies readership and next consider two main questions: First, how was knowledge about islands produced in the past? And second, can these historical sources motivate new questions for future research? The Balearic Islands have been selected to investigate these questions due to their long history of settlements and trade networks, which prompted their inclusion in many encyclopaedias. In addition, local archaeological and historical sources permit a comparison of emic and etic perspectives. Topics of analysis include descriptions of geography, cultural customs and resource use (including oil, wine, animals, salt, and freshwater), each selected with a view to future comparative studies.

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Section: Literature Review and Methodsmentioning

confidence: 99%

The Balearic Islands in ‘Island Encyclopaedias’, 700 BCE–1700 CE: An historical and archaeological assessment of island knowledge production with suggestions for future research

Dierksmeier¹,

Cespa²

2022

Shima

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“…However, the proliferation of STRs is not without its challenges. Their growth has intensified touristification, especially in bustling city centers [22,23], and led to the gentrification of regions previously untouched by tourism [7,8]. With STRs now outpacing traditional lodgings, concerns over overtourism emerge, particularly as tourists venture deeper into traditional residential areas [9,10].…”

Section: Short-term Rentals (Strs): An Evolving Landscapementioning

confidence: 99%

Exploring the Survival Mechanisms of Short-Term Rentals in Virginia: A Comparative Analysis of Rural versus Non-Rural Markets

Choi,

Won

2023

Sustainability

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This study provides a comprehensive analysis of the survival mechanisms of STRs in Virginia, particularly focusing on rural versus non-rural markets. Utilizing data from AirDNA, we observe 16,852 active listings from 2018 to 2022. The study identifies the influence of various factors on STR longevity, including unit type, location, and the number of bedrooms. It is a unique attempt to bridge the gap in understanding the dynamics of short-term rentals (STRs) in rural and urban contexts. Our findings reveal differences in the survival patterns of STRs in rural versus non-rural markets. In particular, rural STRs exhibit higher survival probabilities compared to their non-rural counterparts. Furthermore, Full-Time STRs, which are primarily dedicated to short-term rentals, show significantly higher survival probabilities than Occasional STRs, regardless of their location. These findings serve as critical inputs for stakeholders involved in policymaking, regulation, and industry strategies. By highlighting the distinctive dynamics of rural and urban STR markets, we underscore the need for context-specific regulations that can balance the economic benefits of STRs with the preservation of local housing options.

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“…In some cases, conjectures have been formed based on mere descriptive statistics that show the seasonal behavior of demand in the p2p market. For example, Benítez-Aurioles (2020a) graphically represents the evolution of the number of reviews received by Airbnb accommodation on the islands of Majorca and Menorca. A clear seasonal component is appreciated; and it is stated that the p2p market is unlikely to soften touristic demand seasonality on these islands.…”

Section: Related Literaturementioning

confidence: 99%

Seasonality in the peer-to-peer market for tourist accommodation: the case of Majorca

Benítez-Aurioles

2021

JHTI

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PurposeThe purpose of this paper is to verify the hypothesis that seasonality in the peer-to-peer (p2p) market for tourist accommodation is smaller than the existing in conventional markets, taking the case of the island of Majorca as a reference. This paper will also determine the role of professional hosts in the management of prices and in the marketing of accommodation according to seasonal demand variations.Design/methodology/approachFrom the information obtained through web scrapings of Airbnb listings and from data provided by official statistics, comparable indicators of seasonality are developed. Likewise, econometric estimates are provided to detect differences regarding the determination of accommodation prices between professional and nonprofessional hosts.FindingsThe p2p market is less subject to seasonality than the conventional one. In the particular case of Palma de Majorca, fluctuations in accommodation demand are even smaller than in the rest of the island's municipalities. Professional hosts apply marketing techniques related to price and product promotion and are sensitive to demand variations altering prices and responding to the economic stimuli in this way. At an academic level, these findings suggest, on the one hand, the relevance of considering the heterogeneity of the touristic market when constructing theoretical models. And, on the other hand, basic economic principles should be applied to explain agent behavior in the p2p market.Research limitations/implicationsThis work does not use a direct demand measurement. Instead, it approximates demand through the reviews left by guests in p2p markets. At least in the case of the island of Majorca, the touristic demand represents a reduced percentage of touristic demand in total.Practical implicationsSo far, both public and private strategies to combat seasonality have focused on increasing occupancy in conventional accommodation. Still, the fact that hotel demand and private accommodation demand are different has relevant implications for price management, touristic products, supply planning and the implementation of marketing campaigns. Also, advertising could be aimed at alleviating the undesirable effects of seasonality.Social implicationsThe evidence presented helps the design of public policy strategies aimed at mitigating the problem of seasonality in touristic demand to accommodate it to social preferences in each area.Originality/valueThis is the first piece of research, as far as we are aware of, that addresses the phenomenon of demand seasonality in the p2p market for tourist accommodation. In addition, a comparison is made with the seasonal patterns that characterize the conventional hotel market. New ideas are provided for the design of a comprehensive touristic policy in which both markets are considered.

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Impacts of the peer-to-peer market on tourist accommodation on the Balearic Islands of Mallorca and Menorca

Cited by 9 publications

References 67 publications

The Balearic Islands in ‘Island Encyclopaedias’, 700 BCE–1700 CE: An historical and archaeological assessment of island knowledge production with suggestions for future research

The Balearic Islands in ‘Island Encyclopaedias’, 700 BCE–1700 CE: An historical and archaeological assessment of island knowledge production with suggestions for future research

Exploring the Survival Mechanisms of Short-Term Rentals in Virginia: A Comparative Analysis of Rural versus Non-Rural Markets

Seasonality in the peer-to-peer market for tourist accommodation: the case of Majorca

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