Study of Price Determinants of Sharing Economy-Based Accommodation Services: Evidence from Airbnb.com

• Chunwei Chang ^[2] ; Shengli Li ^[1]
  1. [1] Peking University

     Peking University

     China

     
  2. [2] Peking Univeristy
• Localización: Journal of Theoretical and Applied Electronic Commerce Research, ISSN-e 0718-1876, Vol. 16, Nº. 4, 2021, págs. 584-601
• Idioma: inglés
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• Resumen

  • This research aims to identify price determinants for sharing economy-based accommodation services and to further use the identified price determinants to predict accommodation prices. A dataset drawn from Airbnb.com, was collected for analysis. We identify price determinants from five categories. The top five price determinants are identified as room type, city, distance to tourist attractions, number of pictures posted, and number of amenities provided. More importantly, we find that interaction effects between variables can also significantly influence price. Finally, a series of price prediction models are built based on the identified price determinants.