Are mom-and-pop and professional hosts actually competing against hotels?; International Journal of Contemporary Hospitality Management; Vol. 33, iss. 3
| Parent link: | International Journal of Contemporary Hospitality Management Vol. 33, iss. 3.— 2021.— [P. 808-827] |
|---|---|
| Autore principale: | |
| Ente Autore: | |
| Altri autori: | |
| Riassunto: | Title screen Purpose: This paper aims to examine the question of whether commercial, peer-to-peer accommodation platforms (Airbnb, in particular) and hotels are in fierce competition with each other with the possible presence of substitution threats, and compares the time series of the occupancy values across two supplier types. Design/methodology/approach: The cities of Milan and Rome are used as case studies for this analysis. To assess the extent of synchronization, the series of Airbnb and hotels are transformed into a series of symbols that render their rhythmic behavior, and a mutual information metric is used to measure the effect. Findings: The results show that Airbnb hosts and hotels have different seasonal patterns. The diverse occupancy trends support the absence of direct competition between Airbnb and hotels. The findings are consistent in the two analyzed cities (Milan and Rome). Interestingly, there are higher similarities between seasonal occupancy series of Airbnb listings in Milan and Rome, on one side, and hotels in Milan and Rome, on the other, than between Airbnb and hotels in the same city. Research limitations/implications: The findings show a progressive de-synchronization (within mutual information) among the five groups of Airbnb hosts triggered by the rising professionalization degree. This result suggests the existence of a partial different business model for multi-listing hosts. Practical implications: The study illustrates an absence of any substitution threat between Airbnb and hotels in both cities. This could have important consequences, especially for the pricing and revenue management policy. In fact, the higher the substitution threat, the higher the attention that Airbnb entrepreneurs should pay to the pricing strategy implemented by hotels, and vice versa. Originality/value: This study sheds new light on the competition threat between Airbnb and hotels. In this study, hotels and Airbnb hosts appear as two very separate markets. Режим доступа: по договору с организацией-держателем ресурса |
| Lingua: | inglese |
| Pubblicazione: |
2021
|
| Soggetti: | |
| Accesso online: | https://doi.org/10.1108/IJCHM-08-2020-0882 |
| Natura: | MixedMaterials Elettronico Capitolo di libro |
| KOHA link: | https://koha.lib.tpu.ru/cgi-bin/koha/opac-detail.pl?biblionumber=667857 |
MARC
| LEADER | 00000naa0a2200000 4500 | ||
|---|---|---|---|
| 001 | 667857 | ||
| 005 | 20250402114526.0 | ||
| 035 | |a (RuTPU)RU\TPU\network\39068 | ||
| 035 | |a RU\TPU\network\33430 | ||
| 090 | |a 667857 | ||
| 100 | |a 20220505d2021 k||y0rusy50 ba | ||
| 101 | 0 | |a eng | |
| 135 | |a drcn ---uucaa | ||
| 181 | 0 | |a i | |
| 182 | 0 | |a b | |
| 200 | 1 | |a Are mom-and-pop and professional hosts actually competing against hotels? |f R. Sainaghi, R. Baggio | |
| 203 | |a Text |c electronic | ||
| 300 | |a Title screen | ||
| 330 | |a Purpose: This paper aims to examine the question of whether commercial, peer-to-peer accommodation platforms (Airbnb, in particular) and hotels are in fierce competition with each other with the possible presence of substitution threats, and compares the time series of the occupancy values across two supplier types. Design/methodology/approach: The cities of Milan and Rome are used as case studies for this analysis. To assess the extent of synchronization, the series of Airbnb and hotels are transformed into a series of symbols that render their rhythmic behavior, and a mutual information metric is used to measure the effect. Findings: The results show that Airbnb hosts and hotels have different seasonal patterns. The diverse occupancy trends support the absence of direct competition between Airbnb and hotels. The findings are consistent in the two analyzed cities (Milan and Rome). Interestingly, there are higher similarities between seasonal occupancy series of Airbnb listings in Milan and Rome, on one side, and hotels in Milan and Rome, on the other, than between Airbnb and hotels in the same city. Research limitations/implications: The findings show a progressive de-synchronization (within mutual information) among the five groups of Airbnb hosts triggered by the rising professionalization degree. This result suggests the existence of a partial different business model for multi-listing hosts. Practical implications: The study illustrates an absence of any substitution threat between Airbnb and hotels in both cities. This could have important consequences, especially for the pricing and revenue management policy. In fact, the higher the substitution threat, the higher the attention that Airbnb entrepreneurs should pay to the pricing strategy implemented by hotels, and vice versa. Originality/value: This study sheds new light on the competition threat between Airbnb and hotels. In this study, hotels and Airbnb hosts appear as two very separate markets. | ||
| 333 | |a Режим доступа: по договору с организацией-держателем ресурса | ||
| 461 | |t International Journal of Contemporary Hospitality Management | ||
| 463 | |t Vol. 33, iss. 3 |v [P. 808-827] |d 2021 | ||
| 610 | 1 | |a электронный ресурс | |
| 610 | 1 | |a труды учёных ТПУ | |
| 610 | 1 | |a competition | |
| 610 | 1 | |a synchronization | |
| 610 | 1 | |a Airbnb | |
| 610 | 1 | |a mutual information | |
| 610 | 1 | |a hotel classes | |
| 610 | 1 | |a professional hosts | |
| 700 | 1 | |a Sainaghi |b R. |g Ruggero | |
| 701 | 1 | |a Baggio |b R. |c Italian expert, philosopher |c Professor of Tomsk Polytechnic University, candidate of philosophical Sciences |f 1951- |g Rodolfo |3 (RuTPU)RU\TPU\pers\39762 | |
| 712 | 0 | 2 | |a Национальный исследовательский Томский политехнический университет |b Школа базовой инженерной подготовки |b Отделение социально-гуманитарных наук |3 (RuTPU)RU\TPU\col\23512 |
| 801 | 0 | |a RU |b 63413507 |c 20220505 |g RCR | |
| 856 | 4 | |u https://doi.org/10.1108/IJCHM-08-2020-0882 | |
| 942 | |c CF | ||