AIRBNB VS HOTEL PRICES
Airbnb Inc forecast on Tuesday a better-than-expected first-quarter revenue after the short-term home rental company reported strong quarterly results on rising domestic travel and longer stays by guests at higher prices. The authors construct a rich data set by combining data on weekly rental listings from online sources and data from Airbnb listings scraped from web pages.
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For example Merante and Horn 2016 examine the impact of Airbnb on rental prices in Boston.
. They find that each 12 Airbnb listings per census tract leads to an increase in asking rents of 04 percent. While the San Francisco-based company was initially hit by the pandemic its business rebounded as people took trips closer to home where they.
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