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The effect of COVID-19 on the peer-to-peer rental market

    1. [1] Universitat Pompeu Fabra

      Universitat Pompeu Fabra

      Barcelona, España

    2. [2] Universitat de Girona

      Universitat de Girona

      Gerona, España

  • Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 28, Nº. Extra 1, 2022 (Ejemplar dedicado a: Post-COVID-19 Tourism Economics and Economic Geography Research), págs. 222-247
  • Idioma: inglés
  • Texto completo no disponible (Saber más ...)
  • Resumen
    • Based on fine-grained data on short-term accommodations for the city of Barcelona, we review the uneven impact of the pandemic on the short-term market, differentiating the supply by type of accommodation: single room versus entire flat/house, and type of host: professionalized versus nonprofessionalized. Using a fixed effects approach at property level, we estimate an average decrease in prices of 11.3% in entire flat/house and 4.7% in single rooms. For professionalized supply, the effect arrived to 13.6% and 9.8%, respectively. Finally, a growth in minimum stay was experienced by all types, but with a stronger effect on professionalized accommodations. We suggest that the supply adaptation strategy to accommodate the decreasing demand, especially by professionalized hosts, was to attract a more stable demand coupled with lower prices and longer stays. In addition, the type of short-term supply that experienced the strongest drop in occupancy was the non-professionalized segment, loosing around 41% of their bookings between April 2020 and January 2021.


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