The impact of Airbnb on housing markets
Date
2020
Authors
Hodgson, L.
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Conference paper
Citation
2018 Joint Asia-Pacific Network for Housing Research and Australasian Housing Researchers Conference, APNHR and AHRC 2018 - Proceedings, 2020, pp.78-86
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Joint Asia-Pacific Network for Housing Research, APNHR 2018 and Australasian Housing Researchers Conference, AHRC 2018 (6 Jun 2018 - 8 Jun 2018 : Gold Coast, Australia)
Abstract
Airbnb has been made possible by advances in technology and instant and ubiquitous access to the internet through handheld devices. Its arrival in 2008 resulted in a rapidly growing form of disruptive innovation within the traditional residential property and travel accommodation systems. Whether measured by Airbnb's valuation of US$31 billion (Thomas 2017), or the number of worldwide listings advertised (four million over 191 countries (Airbnb 2017b, p.203)), it is clear Airbnb is a significant and growing phenomenon, with the potential to reshape cities around the globe, both socially, economically and especially with regards to housing markets. Airbnb is likely to have multiple, complex impacts that reflect how this new phenomenon interacts with established businesses, places, cultures, tourism industries, and how it alters the ways in which housing is used and viewed. Airbnb's development is not limited to the confines of the share or collaborative economy. Rather, this research explores how Airbnb is a disruptive innovation that further commodifies housing and therefore, has the potential to disrupt not only accommodation services, but conventional notions of housing and home
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Copyright 2018 APNHR and AHRC 2018 - Proceedings