Understanding the spatiality of short-term rentals in Spain: Airbnb and the intensification of the commodification of housing

Gutiérrez, Aaron; Domènech, Antoni

doi:10.1080/00167223.2020.1769492

Cited by 32 publications

(24 citation statements)

References 32 publications

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“…According to the coefficients in the spatial lag models, the distribution of Airbnb is mainly influenced by PM, accessibility, hotel_number, employment_rate, green_space, house_owned and W_Airbnb_number, while the distribution of hotels is mainly influenced by accessibility and W_hotel_number. Hotel_number has a significant and positive relationship with Airbnb quantity, which is in line with the findings of Gutiérrez and Domènech (2020) that Airbnb tends to concentrate on areas with a high number of hotels. Accessibility has significant and positive impacts on both Airbnb and hotels because the market and proximity to the client play key roles in the clustering of hotels and Airbnb units (Yang et al , 2012; Li et al , 2020).…”

Section: Resultssupporting

confidence: 89%

Location of Airbnb and hotels: the spatial distribution and relationships

et al. 2021

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Purpose The purpose of this study is to compare the spatial distribution of Airbnb and hotels in London and examine the relationship between demographic, socioeconomic and environmental factors and the supply of these two types of lodging supply. Design/methodology/approach Local information of Airbnb listings in London was collected through Insideairbnb.com. Gathered data were examined using geo-spatial auto-correlation analysis and spatial econometric models. Findings The results indicate that Airbnb predominates in the areas around popular tourist attractions and the peripheral areas of the city, while in the downtown area Airbnb and hotels are in the state of coexistence. The mono-centric model and the agglomeration model could be extended to the context of peer-to-peer accommodation. The location of Airbnb and traditional hotels capitalizes on different factors. Research limitations/implications The study is based on secondary data due to data availability. And, it is based on the case of London, so the findings may not reflect the situation of small cities and rural destinations. Practical implications This study not only gives suggestions for local councils to regulate the location of hotels and Airbnb but also provides professional landlords with reference to choosing Airbnb location. Originality/value This study extends the hotel location theoretical models into the context of Airbnb and sheds lights on the distinction between these two business models in terms of location factors.

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Section: Resultssupporting

confidence: 89%

Location of Airbnb and hotels: the spatial distribution and relationships

et al. 2021

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“…This would support or refute the results of the classical approach. As indicated by various authors [9,23,32,33], this type of technique of mathematical analysis could be very useful to determine whether there are well-defined groups of municipalities that have a similar accommodation supply, and to detect hot and cold spots at a regional scale.…”

Section: Discussionmentioning

confidence: 99%

“…The study of the distribution and spatial location of this type of tourist accommodation and its functions has focused mainly on specific urban areas [10,[18][19][20][21]. Other territorial scales have been addressed to a lesser extent in studies that focus on an entire country [8,15,22,23] or a regional area comprised of several countries [24,25]. Rural areas have not been studied specifically.…”

Section: Literature Reviewmentioning

confidence: 99%

Peer-to-Peer Accommodation in Rural Areas of Catalonia: Defining Typologies of Rural Municipalities

2020

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This paper presents findings relating to the territorial processes underlying the distribution and location of P2P accommodation in rural parts of Catalonia by establishing a system for classifying rural municipalities based on the volume and growth rate of the supply of this tourist accommodation, its share of the total supply of tourist accommodation, the pressure on the local population, and the function of this supply of accommodation in the regional tourism context. According to the findings, there are three distinct types of rural municipality: (a) Rural municipalities where the volume and growth of the supply of this accommodation are striking, these municipalities are located in the coastal hinterland and in high mountain areas, both of which enjoy high levels of tourism. This supply of accommodation plays a key role in the expansion of the areas of influence of well-established tourist destinations, (b) rural municipalities where this supply of accommodation presents an average volume and growth rate, located in inland areas of Catalonia and in high mountain regions with non-mass tourism development models specializing in rural tourism. This supply is helping boost tourism by expanding and diversifying the range of accommodation, and (c) rural municipalities where no tourist accommodation was available before the arrival of P2P accommodation. These are municipalities in inland areas with a strong agricultural presence, where P2P accommodation is paving the way for tourism.

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“…The study found that increased investments in the affordable housing sector has prospects of increased employment opportunities, with positive externalities of stimulating industries in the production of local building materials thereby reducing the cost of housing development for REITs. Likewise, Gutiérrez & Domènech (2020) conducted a multiscale analysis of low-rent housing in Spain and found a high potential for 'new' profit generation in the housing market.…”

Section: Reviewmentioning

confidence: 99%

Affordable Housing Ambidexterity of Real Estate Investment Trusts: SWOT Analysis for N-REITs

2021

EJBM

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Symmetric movements of real estate investment trust (REIT) capitalization and affordable housing deficit in Nigeria fuelled the motivation of the study on analyzing the implications of an affordable housing ambidexterity of REITs in Nigeria (N-REITs). The focus on REITs was informed by the unsustainable growth in the deficit statistics of affordable housing in Nigeria which implies a think-outside-the-box search for financing panacea. Indeed, there seems a paucity of empirical and practical evidence of such ambidextrous diversification for N-REITs, so the study was aimed at conducting a strength, weakness, opportunity and threat (SWOT) analysis of affordable housing ambidexterity of N-REITs. Survey research method was employed on a sample frame of housing delivery stakeholders. Sample size of 369 was determined using Freund and Williams formula, while the research instrument was a self-administered e-questionnaire. Data was obtained from primary sources, and further subjected to descriptive analysis. The study found that professional investment management competency was the most dominant strength, 10% investable income was the most significant weakness, significant room for rise in market share was the most significant opportunity, while effect of systematic risk on sustainability planning was the most significant threat to N-REIT ambidexterity towards affordable housing investment in Nigeria. The study concluded that the professional investment management quality of REITs, in comparison with non-listed direct real estate companies would envisage a robust and sustainable contribution to increase in affordable housing stock in the country. It was recommended that management of N-REITs should leverage on their professional investment management strengths to explore blue ocean strategies for an ambidextrous attitude that enhances the growth and sustainability of affordable housing units, in addition to the employment of risk analysis, management and mitigation strategies to limit the effect of volatilities from macroeconomic risks.

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Understanding the spatiality of short-term rentals in Spain: Airbnb and the intensification of the commodification of housing

Cited by 32 publications

References 32 publications

Location of Airbnb and hotels: the spatial distribution and relationships

Location of Airbnb and hotels: the spatial distribution and relationships

Peer-to-Peer Accommodation in Rural Areas of Catalonia: Defining Typologies of Rural Municipalities

Affordable Housing Ambidexterity of Real Estate Investment Trusts: SWOT Analysis for N-REITs

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