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The End of the Sharing Economy? Impact of COVID-19 on Airbnb in Germany

Author

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  • Jennifer Gossen

    (Zeppelin University of Friedrichshafen, Friedrichshafen, Germany)

  • Fabian Reck

    (Zeppelin University of Friedrichshafen, Friedrichshafen, Germany)

Abstract

This paper analyzes the effect the COVID-19 pandemic is having on the sharing economy. We focus on hosts’ behavior in the German shared housing market and examine hosts’ adaption to the pandemic state. Using monthly data from January 2019 until December 2020 for the city of Berlin, we conduct a probit model regression analysis and investigate the influence of several Airbnb-listing-specific factors and unemployment on the probability of renting the Airbnb accommodation. Through this big data analysis, we find that hosts switch from short-term to long-term options and rent relatively more entire apartments than shared ones during the COVID-19 pandemic compared to the pre-pandemic state.

Suggested Citation

  • Jennifer Gossen & Fabian Reck, 2021. "The End of the Sharing Economy? Impact of COVID-19 on Airbnb in Germany," Economic Research Guardian, Weissberg Publishing, vol. 11(2), pages 255-269, December.
    • Handle: RePEc:wei:journl:v:11:y:2021:i:2:p:255-269
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    References listed on IDEAS

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    More about this item

    Keywords

    Sharing Economy; COVID-19; Peer-to-Peer Accommodation; Big Data;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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