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The impact of Airbnb: New evidence from Taiwanese hotels

Author

Listed:
  • Fang-chang Kuo

    (National Chung Cheng University)

  • Hsin-hsi Shih

    (Cathay Life Insurance)

Abstract

We investigate the impact of Airbnb on incumbent hotels in Taiwan. Different from previous studies, we propose a novel set of instrumental variables, which measure unused resources or capcities, to identify the causal impact. Compared to OLS estimates, IV-2SLS estimates indicate larger negative effects from Airbnb, suggesting potential biases resulted from endogeneity issues. Furthermore, smaller and lower quality hotels are heavily affected by Airbnb listings.

Suggested Citation

  • Fang-chang Kuo & Hsin-hsi Shih, 2022. "The impact of Airbnb: New evidence from Taiwanese hotels," Economics Bulletin, AccessEcon, vol. 42(3), pages 1340-1348.
    • Handle: RePEc:ebl:ecbull:eb-21-00907
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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I3-P113.pdf
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    More about this item

    Keywords

    Airbnb; hotel; competition; instrumental variable;
    All these keywords.

    JEL classification:

    • L8 - Industrial Organization - - Industry Studies: Services
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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