Estimating the implicit value of a short-term rental license: A case study of Airbnb survivals in New York city

IF 3.6 3区管理学 Q1 ECONOMICS

Tourism Economics Pub Date : 2024-08-10 DOI:10.1177/13548166241273667

Augusto Voltes-Dorta

引用次数: 0

Abstract

Following New York City’s recent regulations requiring hosts of short-term accommodations to obtain licenses, most hosts either exited the market or switched to monthly rentals. This raises the question of the implicit value of a short-term rental license—a topic that has not received much attention in the literature. To address this gap, we estimated several fixed-effect negative-binomial regressions using data on New York’s extant Airbnb listings from February 2023 to March 2024. We found that short-term licensed listings earn, on average, between 5.2 and 7.2 thousand dollars more per year than unlicensed ones.

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估算短期租赁许可证的隐含价值：纽约市 Airbnb 生存案例研究

纽约市最近出台规定，要求短期住宿的房东获得许可证，大多数房东要么退出市场，要么转而经营月租公寓。这就提出了短租执照的隐含价值问题--这一话题在文献中并未得到广泛关注。为了填补这一空白，我们使用 2023 年 2 月至 2024 年 3 月纽约现存 Airbnb 房源的数据，对几个固定效应负二项式回归进行了估计。我们发现，有许可证的短期房源平均每年比无许可证的房源多赚 520 到 720 万美元。

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

Tourism Economics Multiple-

CiteScore

9.30

自引率

11.40%

发文量

期刊介绍： Tourism Economics, published quarterly, covers the business aspects of tourism in the wider context. It takes account of constraints on development, such as social and community interests and the sustainable use of tourism and recreation resources, and inputs into the production process. The definition of tourism used includes tourist trips taken for all purposes, embracing both stay and day visitors. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).