Purpose

This study aims to analyze the COVID-19 pandemic’s impact on the peer-to-peer (p2p) market for tourist accommodation.

Design/methodology/approach

Using monthly panel data from Airbnb listings in 22 cities worldwide, the authors run a differences-in-differences analysis comparing the period of February–October 2020 to the previous year.

Findings

Besides a decline in accommodation supply, the pandemic made prices and demand fall in all cities significantly, after controlling for room characteristics, host traits, booking policies and individual fixed effects. There is also evidence of an alteration of the influence on prices of certain variables such as superhost and instant booking.

Research limitations/implications

The main limitations are related to the reference spatial and temporal environment. Besides, the samples are limited to listings that stayed before and after the pandemic; therefore, it is possible that the real effect on review growth and/or prices is actually more negative.

Practical implications

The analysis performed shows a scenario that represents an opportunity for public managers to test more imaginative regulations that overcome the limitations of those implemented so far. Likewise, hosts who aspire to make their accommodations profitable must adapt to the conditions imposed by the economic environment of the cities in which they operate.

Originality/value

This is the first study to econometrically estimate the impact of COVID-19 on prices in the p2p market for tourist accommodation in a set of cities worldwide.

中文翻译：

---

旅游住宿点对点市场如何应对 COVID-19

目的

本研究旨在分析 COVID-19 大流行对旅游住宿点对点 (p2p) 市场的影响。

设计/方法/方法

作者使用来自全球 22 个城市的 Airbnb 房源的月度面板数据，对 2020 年 2 月至 10 月期间与前一年的差异进行了差异分析。

发现

除了住宿供应下降外，在控制了房间特征、主人特征、预订政策和个人固定效应后，疫情使所有城市的价格和需求都出现了大幅下降。还有证据表明，某些变量（例如超级房东和即时预订）对价格的影响发生了变化。

研究限制/影响

主要限制与参考时空环境有关。此外，样本仅限于大流行前后的房源；因此，对评论增长和/或价格的实际影响可能实际上更为负面。

实际影响

所执行的分析显示了一个场景，该场景代表了公共管理者有机会测试更具想象力的法规，这些法规克服了迄今为止实施的限制。同样，渴望使住宿盈利的房东必须适应其经营所在城市的经济环境所施加的条件。

原创性/价值

这是第一项以计量经济学方式估计 COVID-19 对全球一系列城市旅游住宿 p2p 市场价格影响的研究。