While touting its distinctiveness from conventional hotels, Airbnb listings are appearing increasingly like hotels with professional features such as “instant booking” and “work collection” distinction. Does such isomorphism provide a financial advantage to Airbnb? Using large-scale Airbnb trajectory data from 10 major U.S. metropolitan areas over 3 years, we find superior financial performance for Airbnb listings that imitate hotels compared with those that do not. Yet, as more Airbnb listings enter a local market, the performance-driving advantage of work collection is attenuated while instant booking becomes stronger. Suggestions for future research regarding a legitimacy-tipping point in institutional theory are provided.

在吹捧其与传统酒店不同的同时，Airbnb的房源越来越像具有“即时预订”和“工作收藏”等专业特色的酒店。这种同构是否为 Airbnb 提供了财务优势？使用 3 年内来自美国 10 个主要大都市区的大规模 Airbnb 轨迹数据，我们发现模仿酒店的 Airbnb 列表的财务表现优于不模仿酒店的列表。然而，随着越来越多的 Airbnb 房源进入本地市场，作品集的性能驱动优势减弱，而即时预订变得更加强大。提供了有关制度理论合法性临界点的未来研究建议。