The effect of type of lodging and professionalism on the efficiency of P2P accommodation
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Jorge V Pérez-Rodríguez [1] ; Juan M Hernández [1]
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[1] Universidad de Las Palmas de Gran Canaria
Universidad de Las Palmas de Gran Canaria
Gran Canaria, España
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 29, Nº. 6, 2023, págs. 1624-1642
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
This paper analyses the effect of the different levels of hosts’ professionalism (single and multi-unit host) and accommodation types on the time-varying technical efficiency of P2P accommodation. To do this, we employ a panel data stochastic frontier model which disentangles time-varying efficiency from unobserved heterogeneity. We use a database from Airbnb listings for the Canary Islands (Spain) from January 2019 to September 2020, including the lockdown period due to the Covid-19 pandemic. The results indicate that the lowest priced lodgings are the most efficient accommodation type and that properties managed by single-unit hosts are more efficient than those managed by multi-unit hosts. These results are theoretically founded on the existence of positive agglomeration effects in the hospitality industry.
