Sharing economy and dynamic pricing: Is the impact of Airbnb on the hotel industry time-dependent?

The sharing economy platforms in the accommodation, such as Airbnb, gain more public attention. Several hoteliers in Indonesia have complained about the unequal playing of the field due to the alleged tax violations. Some studies on the impact of Airbnb have been discussed in various countries, but this subject has not been widely conducted in Indonesia. This study aims to determine the impact of Airbnb on the conventional hotel industry in Bali and how the conventional hotel’s response to compete with Airbnb. This research was conducted using qualitative research. Data was collected through interviews and secondary data collection. Interviews were conducted with representatives of hoteliers, Airbnb owners, and hospitality associations in Bali. Using forecasting analysis, this study finds that the presence of Airbnb in Bali has an impact on the occupancy rate of conventional hotels in Bali. However, there doesn't a significant impact from Airbnb regarding the hospitality revenue. Meanwhile, conventional hoteliers generally do not make particular efforts to compete with Airbnb. This research implies for the managerial side of hotels and public programs and policies, especially for the Government of Bali in the future to pay attention to consumer protection to provide equal action between conventional hotel and Airbnb owners.

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The Impact of Sharing Economy: Evidence from Airbnb and Taiwanese Hotel Industry

SSRN Electronic Journal ◽

10.2139/ssrn.3622098 ◽

2020 ◽

Author(s):

Fang-Chang Kuo

Keyword(s):

Hotel Industry ◽

Sharing Economy ◽

The Impact

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An exploratory temporal analysis of the lodging market and state economic recovery from Hurricane Sandy (The lodging market recovery from Hurricane Sandy)

International Journal of Contemporary Hospitality Management ◽

10.1108/ijchm-06-2018-0513 ◽

2019 ◽

Vol 31 (5) ◽

pp. 2074-2094 ◽

Cited By ~ 1

Author(s):

Danny Woosik Choi ◽

Seoki Lee ◽

Manisha Singal

Keyword(s):

Hurricane Katrina ◽

Dynamic Pricing ◽

Temporal Analysis ◽

Hurricane Sandy ◽

The State ◽

Least Square ◽

Time Dependent ◽

Content Type ◽

Dependent Variables ◽

The Impact

Purpose The purpose of this study is to examine how the lodging market and the state economy affected by Hurricane Sandy have recovered from the damages sustained. Specifically, this study examines and predicts the influence of revenue management key performance indicators (KPIs) on recovery and lodging revenue in the affected states and the states’ economies. These KPIs include average daily rate (ADR), occupancy and revenue per available room (RevPAR). Design/methodology/approach Secondary financial data were collected for the states most damaged by Hurricane Sandy. Subsequently, pooled Ordinary Least Square (OLS) regression was conducted combining time and non-time dependent variables based on the states and radius from the landfall. Findings The results indicate that although the lodging market and the state economies have recovered since the onslaught of Hurricane Sandy, certain KPIs still need to improve. Practical implications Managerial implications are suggested in terms of dynamic pricing, market-based recovery, the KPIs, federal aid and facility management. Originality/value Despite its importance, research on the effects of climate change in the hospitality context has not actively progressed after Hurricane Katrina. Time and non-time dependent variables are combined in this analysis to gain a richer understanding of the impacts and recovery of KPIs on the revenue in the lodging market and the revenue on states’ economies. Additional analysis based on the radius from the landfall of the hurricane was performed to examine the impact and recovery based on geographical proximity.

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Evaluation of the Impact of Sharing Economy on Hotel Business

Journal of Tourism and Services ◽

10.29036/jots.v11i20.145 ◽

2020 ◽

Vol 11 (20) ◽

pp. 150-169 ◽

Cited By ~ 1

Author(s):

Paulína Srovnalíková ◽

Evelina Semionovaitė ◽

Edita Baranskaitė ◽

Daiva Labanauskaitė

Keyword(s):

Management Strategy ◽

Negative Impact ◽

Hotel Industry ◽

Sharing Economy ◽

Tourism Industry ◽

Strategy Formulation ◽

Correlation And Regression Analysis ◽

Customer Group ◽

Accommodation Sector ◽

The Impact

The sharing economy is growing in the hotel industry very fast. The study is important for the hotel’s management - strategy formulation. The aim of this research is to evaluate the sharing economy effect on hotels in Lithuania. Correlation and regression analysis methods were used for achieving the aim. The study analyses if the sharing economy has caused any impact on accommodating tourists at hotels, hotels income from accommodation services, and room occupancy rate. Results reveal a positive relationship between the sharing economy and all investigated indicators of hotel activities, thus indicating that the hotel business is growing together with the sharing economy. The hotels' sector in Lithuania has continued to grow while more and more hosts and consumers joined the sharing economy. Results imply that the sharing economy is not a competitor for the Lithuanian hotels business as the sharing economy targets different tourist segment, moreover the market is capacious for both segments. Sharing economy in the accommodation sector – a niche with its own customer group. The research results are important for making correct decisions in the Lithuanian tourism industry as other researches in other countries show a negative impact on the sharing economy on the hotels' sector. The rapid growth of the sharing economy in Lithuania may oblige hotels to focus on the sharing economy and consider further actions.

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The Impact of the Sharing Economy on the Hotel Industry

Proceedings of the Sixteenth ACM Conference on Economics and Computation - EC '15 ◽

10.1145/2764468.2764524 ◽

2015 ◽

Cited By ~ 14

Author(s):

Georgios Zervas ◽

Davide Proserpio ◽

John W. Byers

Keyword(s):

Hotel Industry ◽

Sharing Economy ◽

The Impact

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THE IMPACT OF LEADERSHIP PRACTICES TO TEAM MEMBERS’ SATISFACTION

Journal of Management and Business ◽

10.24123/jmb.v8i1.132 ◽

2009 ◽

Vol 8 (1) ◽

Author(s):

Chalimah .

Keyword(s):

Conflict Resolution ◽

Leadership Practices ◽

Hotel Industry ◽

Leader Behavior ◽

Team Leader ◽

Shop Floor ◽

Team Members ◽

Top Executives ◽

Wide Range ◽

The Impact

eamwork is becoming increasingly important to wide range of operations. It applies to all levels of the company. It is just as important for top executives as it is to middle management, supervisors and shop floor workers. Poor teamwork at any level or between levels can seriously damage organizational effectiveness. The focus of this paper was therefore to examine whether leadership practices consist of team leader behavior, conflict resolution style and openness in communication significantly influenced the team member’s satisfaction in hotel industry. Result indicates that team leader behavior and the conflict resolution style significantly influenced team member satisfaction. It was surprising that openness in communication did not affect significantly to the team members’ satisfaction.

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Principles for sharing economy formation in the digital society

Economic Analysis Theory and Practice ◽

10.24891/ea.19.5.800 ◽

2020 ◽

Vol 16 (5) ◽

pp. 800-821

Author(s):

E.V. Popov ◽

K.A. Semyachkov

Keyword(s):

Network Effects ◽

Sharing Economy ◽

Network Effect ◽

Industrial Society ◽

Economic Activities ◽

Digital Platforms ◽

Digital Society ◽

Modern Economy ◽

Characteristic Features ◽

The Impact

Subject. The article addresses economic relations that are formed in various areas of economic application of digital platforms. The target of the research is the modern economy of digital platforms across different economic activities. Objectives. The aim is to systematize principles for share economy formation in the context of the digital society development. Methods. We employ general scientific methods of research. Results. The study shows that the development of digital platforms is one of the most important trends in the development of the modern economy. We classified certain characteristic features of modern digital platforms, analyzed principles for their creation. The paper emphasizes that the network effects achieved through the use of digital platforms are an important factor in the development of the share economy. The network effect describes the impact of the number of the platform users on the value created for each of them. The paper also considers differences in the organization of traditional economy companies and companies that are based on the digital platform model, reveals specifics of changes in socio-economic systems caused by the development of digital platforms, systematizes principles of the sharing economy formation in the context of the digital society development. Conclusions. The analyzed principles for sharing economy development on the basis of digital platforms can be applied to create models for the purpose of forecasting the transformation of economic activity in the post-industrial society.

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The impact of statin therapy after surgical or endovascular treatment of cerebral aneurysms

Journal of Neurosurgery ◽

10.3171/2019.3.jns183500 ◽

2020 ◽

Vol 133 (1) ◽

pp. 182-189

Author(s):

Tae-Jin Song ◽

Seung-Hun Oh ◽

Jinkwon Kim

Keyword(s):

Statin Therapy ◽

Coil Embolization ◽

Primary Outcome ◽

Cox Regression ◽

Cerebral Aneurysms ◽

Time Dependent ◽

Lipid Lowering ◽

Surgical Clipping ◽

The Impact

OBJECTIVECerebral aneurysms represent the most common cause of spontaneous subarachnoid hemorrhage. Statins are lipid-lowering agents that may expert multiple pleiotropic vascular protective effects. The authors hypothesized that statin therapy after coil embolization or surgical clipping of cerebral aneurysms might improve clinical outcomes.METHODSThis was a retrospective cohort study using the National Health Insurance Service–National Sample Cohort Database in Korea. Patients who underwent coil embolization or surgical clipping for cerebral aneurysm between 2002 and 2013 were included. Based on prescription claims, the authors calculated the proportion of days covered (PDC) by statins during follow-up as a marker of statin therapy. The primary outcome was a composite of the development of stroke, myocardial infarction, and all-cause death. Multivariate time-dependent Cox regression analyses were performed.RESULTSA total of 1381 patients who underwent coil embolization (n = 542) or surgical clipping (n = 839) of cerebral aneurysms were included in this study. During the mean (± SD) follow-up period of 3.83 ± 3.35 years, 335 (24.3%) patients experienced the primary outcome. Adjustments were performed for sex, age (as a continuous variable), treatment modality, aneurysm rupture status (ruptured or unruptured aneurysm), hypertension, diabetes mellitus, household income level, and prior history of ischemic stroke or intracerebral hemorrhage as time-independent variables and statin therapy during follow-up as a time-dependent variable. Consistent statin therapy (PDC > 80%) was significantly associated with a lower risk of the primary outcome (adjusted hazard ratio 0.34, 95% CI 0.14–0.85).CONCLUSIONSConsistent statin therapy was significantly associated with better prognosis after coil embolization or surgical clipping of cerebral aneurysms.

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