The Influence of Airbnb Announcements on North American Capital Markets: Insights for Stakeholders

IF 2.1 Q2 BUSINESS, FINANCE
Tchai Tavor
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Abstract

This research investigates the burgeoning peer-to-peer (P2P) economy, exemplified by platforms such as Airbnb, and its implications within the North American context. The study focuses on understanding the repercussions of Airbnb announcements on capital markets, concentrating specifically on the travel and tourism sector and the real estate sector. The findings unveil a discernible augmentation in index returns preceding the announcement’s publication in both sectors. However, a notable divergence manifests post-announcement: while the real estate sector sustains an upward trajectory in returns, the travel and tourism sector experiences a post-publication decline. These results underscore the strategic advantage available to investors with early access to Airbnb announcements, enabling them to capitalize on excess profits. Furthermore, the broader investor community can leverage the insights gleaned from Airbnb announcements for financial gains. A nuanced examination of regression results reveals the substantial impact of macroeconomic variables on index returns in both the travel and tourism sector and the real estate sector. These insights contribute to a more nuanced understanding of the intricate dynamics shaping these economic domains.
Airbnb 公告对北美资本市场的影响:对利益相关者的启示
本研究调查了以 Airbnb 等平台为代表的蓬勃发展的点对点(P2P)经济及其对北美市场的影响。研究重点是了解 Airbnb 公告对资本市场的影响,尤其是对旅行和旅游业以及房地产行业的影响。研究结果表明,在公告发布之前,这两个行业的指数回报率都出现了明显的上升。然而,公告发布后出现了明显的分化:房地产行业的回报率持续上升,而旅行和旅游行业的回报率在公告发布后出现下降。这些结果凸显了投资者在早期获得 Airbnb 公告的战略优势,使他们能够利用超额利润。此外,更广泛的投资者群体可以利用从 Airbnb 公告中获得的洞察力来获取财务收益。对回归结果的细致研究显示,宏观经济变量对旅行和旅游行业以及房地产行业的指数收益都有重大影响。这些见解有助于人们更细致地了解塑造这些经济领域的复杂动态。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
3.70
自引率
8.70%
发文量
100
审稿时长
11 weeks
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