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dc.contributor.authorDogru, Tariken_US
dc.contributor.authorMody, Makaranden_US
dc.contributor.authorSuess, Courtneyen_US
dc.date.accessioned2020-04-21T15:02:46Z
dc.date.available2020-04-21T15:02:46Z
dc.date.issued2019-06-01
dc.identifierhttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000458709600004&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=6e74115fe3da270499c3d65c9b17d654
dc.identifier.citationTarik Dogru, Makarand Mody, Courtney Suess. 2019. "Adding evidence to the debate: Quantifying Airbnb's disruptive impact on ten key hotel markets." TOURISM MANAGEMENT, Volume 72, pp. 27 - 38. https://doi.org/10.1016/j.tourman.2018.11.008
dc.identifier.issn0261-5177
dc.identifier.issn1879-3193
dc.identifier.urihttps://hdl.handle.net/2144/40257
dc.description.abstractAirbnb's entry into the lodging landscape has dramatically increased the available supply of rooms for accommodating prospective visitors at a destination. In a competitive market, an increase in supply while keeping demand relatively constant would decrease prices and revenues. While Airbnb is expected to negatively impact the hotel industry, the effects of Airbnb on the performance of the hotel industry have not been extensively quantified. Also, existing studies on Airbnb's economic impacts are limited in their inferential, temporal, and/or geographical scope. In view of this gap in the literature, the present study examines the effects of Airbnb supply on key hotel performance metrics: room revenues (RevPAR), average daily rates (ADR), and occupancy rates (OCC) in ten major U.S. hotel markets for the period between July 2008 and June 2017. The results demonstrate that an increasing Airbnb supply negatively impacts all three performance metrics within the hotel industry. Moreover, while previous research has demonstrated a negative impact on lower-end hotels, our findings provide evidence of Airbnb's growing impact on the mainstream market across hotel class segments, signaling a high level of consistency with the tenets of the theory of disruptive innovation. The magnitude of these effects is not only statistically but also economically significant. Theoretical and practical implications are discussed.en_US
dc.format.extentpp. 27 - 38.en_US
dc.languageEnglish
dc.language.isoen_US
dc.publisherElsevier Science Ltden_US
dc.relation.ispartofTourism Management
dc.subjectScience & technologyen_US
dc.subjectSocial sciencesen_US
dc.subjectLife sciences & biomedicineen_US
dc.subjectEnvironmental studiesen_US
dc.subjectHospitality, leisure, sport & tourismen_US
dc.subjectManagementen_US
dc.subjectEnvironmental sciences & ecologyen_US
dc.subjectBusiness & economicsen_US
dc.subjectSharing economyen_US
dc.subjectAirbnben_US
dc.subjectDisruptive innovationen_US
dc.subjectHotelen_US
dc.subjectRevPARen_US
dc.subjectADRen_US
dc.subjectOccupancy rateen_US
dc.subjectInnovationen_US
dc.subjectFutureen_US
dc.subjectTourismen_US
dc.subjectMarketingen_US
dc.subjectCommercial servicesen_US
dc.titleAdding evidence to the debate: quantifying Airbnb's disruptive impact on ten key hotel marketsen_US
dc.typeArticleen_US
dc.description.versionAccepted manuscripten_US
dc.identifier.doi10.1016/j.tourman.2018.11.008
pubs.elements-sourceweb-of-scienceen_US
pubs.notesEmbargo: Not knownen_US
pubs.organisational-groupBoston Universityen_US
pubs.organisational-groupBoston University, School of Hospitality Administrationen_US
pubs.publication-statusAccepteden_US
dc.identifier.orcid0000-0001-5775-5293 (Mody, Makarand)
dc.identifier.mycv451416


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