estimating the impact of airbnb on the hotel deena
TRANSCRIPT
![Page 1: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/1.jpg)
Estimating the Impact of Airbnb on the Hotel Industry
The Rise of the Sharing Economy
Team #1 Deenadhayalan.P
![Page 2: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/2.jpg)
![Page 3: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/3.jpg)
![Page 4: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/4.jpg)
abstract• In this study Airbnb, a sharing economy pioneer offering short-term
accommodation. • Combining data from Airbnb and the Texas hotel industry, estimate
the impact of Airbnb’s entry into the Texas market on hotel room revenue, and study the market response of hotels
• To identify Airbnb’s causal impact on hotel room revenue, we use a difference-in-differences empirical strategy that exploits the significant spatiotemporal variation in the patterns of Airbnb adoption across city-level markets
• this work provides empirical evidence that the sharing economy is making inroads by successfully competing with, and acquiring market share from, incumbent firms.
![Page 5: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/5.jpg)
Introduction“a social website that connects people
who have space to spare with those who are looking for a place to stay”
![Page 6: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/6.jpg)
Introduction
![Page 7: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/7.jpg)
![Page 8: Estimating the impact of airbnb on the hotel deena](https://reader035.vdocuments.us/reader035/viewer/2022062522/587c84871a28ab93568b5dfb/html5/thumbnails/8.jpg)