Airbnb and hotel revenues in popular Greek destinations
Journal article
Authors | Apergis, Nicholas, Hayat, Tasawar and Saeed, Tareq |
---|---|
Abstract | This paper explores the role of Airbnb listings on hotel revenues in certain popular Greek tourist destinations. The analysis makes use of the panel GMM method, while the findings document that the Airbnb listings exert a negative impact on hotel revenues. Moreover, the results indicate that it is primarily non-business and low-price hotels that are being influenced, while the hotel industry responds to the competition through lower room prices and not through occupancy rates. The paper documents that although the Airbnb is a new factor in the Greek tourism industry, it has turned into a significant competitor against hotels. The findings of this paper are expected to provide further insights into the workings of the sector and the potential regulated policies needed to be adopted by tourism authorities. |
Keywords | Airbnb listings, hotel revenues, Greek tourist destinations, negative impact |
Year | 2020 |
Journal | Journal of Economic Studies |
Publisher | Emerald |
ISSN | 0144-3585 |
Digital Object Identifier (DOI) | https://doi.org/10.1108/JES-11-2019-0512 |
Web address (URL) | http://hdl.handle.net/10545/625101 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/625101 | |
Publication dates | 19 Aug 2020 |
Publication process dates | |
Deposited | 21 Aug 2020, 08:54 |
Accepted | 23 Jul 2020 |
Rights | Attribution-NonCommercial-NoDerivatives 4.0 International |
Contributors | University of Derby and King Abdulaziz University |
File | File Access Level Open |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/94535/airbnb-and-hotel-revenues-in-popular-greek-destinations
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