Sanvitale, Alberto Leonardo (2021) The Effect of Location Quality on Airbnb Prices: Evidence from Stockholm. Master thesis.
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Abstract
The rise of peer-2-peer platforms in the market for short-term rental accommodations is notorious. Platforms, such as Airbnb, have become proven instigators of consumer demand in the short-term rental market. The externalities of Airbnb generally alter the socio-economic and geographic traits of urban areas, such as Stockholm. This study aims to add to the existing literature on Airbnb by endeavouring on multiple hedonic price models including location quality, accommodation characteristics, customer opinions, and host traits. The emphasis of this study lies on the effect of location quality on Airbnb listing prices. Importantly, the neighbourhood, distance to the nearest touristic amenity, and distance to the city centre have been appointed as the proxies for location quality. Similar to previous studies, this study indicates that Airbnb accommodations located in the vicinity of the city centre, or a touristic amenity, have higher listing prices. Furthermore, the results show that Airbnb hosts with low-cost Airbnb accommodations capitalize more on location quality than hosts with high-cost Airbnb accommodations and that hosts with a superhost badge solely capitalize more on location quality when their listing is located in a 0.25-kilometre radius from the city centre. Lastly, this study indicates that the superhost badge is capitalized on differently across Stockholm’s neighbourhoods.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van |
| Date Deposited: | 23 Jun 2023 07:52 |
| Last Modified: | 23 Jun 2023 07:52 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4192 |
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