eprintid: 4657
rev_number: 4
eprint_status: archive
userid: 1
dir: disk0/00/00/46/57
datestamp: 2024-07-23 12:14:10
lastmod: 2024-07-23 12:14:10
status_changed: 2024-07-23 12:14:10
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Plegt, Rick
creators_id: S3750959
creators_email: Rickplegt@gmail.com
title: How local policy impacts the supply and price of short-term rentals. A case study on the municipality of Groningen.
ispublished: unpub
full_text_status: public
abstract: The rapid growth of online short-term rental (STR) platforms, such as Airbnb, has substantially transformed urban housing markets, impacting housing affordability and availability.  This thesis examines the impact of the 2023 municipal policy in Groningen, the Netherlands, which limits the tourist rental of private residences to 30 nights per year. Utilizing theories of housing market dynamics and urban economic impacts of short-term rentals, this study employs a Difference-in-Differences (DiD) methodology to analyze the effects on the supply and price dynamics of STRs, utilizing data from Airbnb across multiple municipalities for comparative analysis. The findings indicate that the policy led to a marginal but statistically significant increase in the average daily revenue (ADR) of STR properties in the municipality of Groningen. Additional research revealed that the anticipated decrease in the number of properties available for rental periods exceeding 30 nights was minimal, indicating substantial non-compliance among hosts. These results underscore the complexities of STR market regulation and highlight the necessity for robust enforcement mechanisms. The study contributes to Economic Geography, Urban Studies, and Housing Policy by providing insights into the interplay between local policy and STR markets, informing future policy development to prevent exacerbating housing affordability issues.
date: 2024
pages: 36
thesis_type: master
degree_programme: EG
tutors_name: ODriscoll, C.
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: c.odriscoll@rug.nl
security: public
keywords_local: Short Term Rental
keywords_local: Airbnb
keywords_local: Airdna
keywords_local: Groningen
keywords_local: Policy
keywords_local: Difference-In-Difference
language_iso: en
date_issued: 2024-07-22
citation:   Plegt, Rick  (2024) How local policy impacts the supply and price of short-term rentals. A case study on the municipality of Groningen.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4657/1/Scriptie-Final.pdf