Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices
This study assesses how an overall decline in Airbnb activity due to the COVID-19 pandemic has affected rental supply and prices in Sydney. Using a comprehensive record of Airbnb listings and rental sales data, we study how Airbnb activity and the rental market has changed during the COVID-19 pandem...
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| Format: | Article |
| Language: | English |
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Findings Press
2021-06-01
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| Series: | Findings |
| Online Access: | https://doi.org/10.32866/001c.23720 |
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| _version_ | 1849692250941947904 |
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| author | William Thomas Thackway Christopher James Pettit |
| author_facet | William Thomas Thackway Christopher James Pettit |
| author_sort | William Thomas Thackway |
| collection | DOAJ |
| description | This study assesses how an overall decline in Airbnb activity due to the COVID-19 pandemic has affected rental supply and prices in Sydney. Using a comprehensive record of Airbnb listings and rental sales data, we study how Airbnb activity and the rental market has changed during the COVID-19 pandemic. We find that in active Airbnb neighbourhoods, the supply of long-term rental stock has increased in response to reduced Airbnb activity, whereas rental supply has fallen in inactive Airbnb neighbourhoods. Our results indicate that rental prices have fallen proportionately with Airbnb activity, up to 7.1% in the most active Airbnb neighbourhoods. |
| format | Article |
| id | doaj-art-a520cbbf535249848f4d4d3ad0820d3e |
| institution | DOAJ |
| issn | 2652-8800 |
| language | English |
| publishDate | 2021-06-01 |
| publisher | Findings Press |
| record_format | Article |
| series | Findings |
| spelling | doaj-art-a520cbbf535249848f4d4d3ad0820d3e2025-08-20T03:20:46ZengFindings PressFindings2652-88002021-06-0110.32866/001c.23720Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental PricesWilliam Thomas ThackwayChristopher James PettitThis study assesses how an overall decline in Airbnb activity due to the COVID-19 pandemic has affected rental supply and prices in Sydney. Using a comprehensive record of Airbnb listings and rental sales data, we study how Airbnb activity and the rental market has changed during the COVID-19 pandemic. We find that in active Airbnb neighbourhoods, the supply of long-term rental stock has increased in response to reduced Airbnb activity, whereas rental supply has fallen in inactive Airbnb neighbourhoods. Our results indicate that rental prices have fallen proportionately with Airbnb activity, up to 7.1% in the most active Airbnb neighbourhoods.https://doi.org/10.32866/001c.23720 |
| spellingShingle | William Thomas Thackway Christopher James Pettit Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices Findings |
| title | Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices |
| title_full | Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices |
| title_fullStr | Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices |
| title_full_unstemmed | Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices |
| title_short | Airbnb during COVID-19 and what this tells us about Airbnb’s Impact on Rental Prices |
| title_sort | airbnb during covid 19 and what this tells us about airbnb s impact on rental prices |
| url | https://doi.org/10.32866/001c.23720 |
| work_keys_str_mv | AT williamthomasthackway airbnbduringcovid19andwhatthistellsusaboutairbnbsimpactonrentalprices AT christopherjamespettit airbnbduringcovid19andwhatthistellsusaboutairbnbsimpactonrentalprices |