scholarly journals Urban Zoning for Sustainable Tourism: A Continuum of Accommodation to Enhance City Resilience

2021 ◽  
Vol 13 (13) ◽  
pp. 7317
Author(s):  
Chung-Yim Yiu ◽  
Ka-Shing Cheung
Keyword(s):  
Sustainable Tourism ◽  
Rental Housing ◽  
Sharing Economy ◽  
Gear Up ◽  
Short Term ◽  
Exclusionary Zoning ◽  
Current Disruption ◽  
Tourism Sector ◽  
Options Value

While governments around the world are embarking on the path to recovery from the COVID-19 crisis, sustainable tourism planning is crucial, in particular in the hospitality sector, which enhances the resilience of destinations. However, many destination management models overlook the role of urban zoning. Little is known about the impacts of land-use zoning on the hospitality and property industries, especially with the current disruption of short-term peer-to-peer accommodation like Airbnb. Euclidean zoning, also known as effects-based planning, has long been criticised in destination management for its exclusionary nature and lack of flexibility. With exclusionary zoning, property owners may only be able to use their land sub-optimally, and cities will be less efficient in responding to market changes in short-term and long-term accommodation demands, but planning intentions can be better controlled, and the property supply can be more stable. Taking Hong Kong as a noteworthy case, this study puts forward a conceptual framework that enables comparison of a novel zoning approach with the traditional zoning approach. This novel zoning approach encompasses both the short- and long-term rental sectors as a continuum of accommodation, ranging from hotels and serviced apartments to Airbnb and rental housing units under a unified regulatory and planning regime to enhance the switching options value. This novel zoning system can gear up the tourism sector with the rapid growth of the sharing economy and aligns with sustainable tourism to ensure long-term socioeconomic benefits to related stakeholders. We extract the data of Airbnb listings to construct the first Airbnb ADR Index (ADRI) by Repeat-sales method, and the results support our Switching Option Hypothesis.

The Impact of Airbnb on Long-Term Rental Housing: The Case of Ljubljana

2021 ◽  
Vol 8 (1) ◽  
pp. 150-158
Author(s):  
Polona Obrč ◽  
◽  
Boštjan Kerbler ◽  
◽  
Keyword(s):  
Rental Housing ◽  
Sharing Economy ◽  
Large Share ◽  
Short Term ◽  
Positive Effects ◽  
Residential Characteristics ◽  
Direct Competition ◽  
The Impact ◽  
Overnight Stays

Airbnb has become a fixture in the development of global cities. It especially impacts cities’ residential characteristics. The company works with the concept of the sharing economy, the essence of which is the exchange of services or goods between individuals who set the rules of operation without generating profits, but together generate more revenue. It insists that it does not represent a form of direct competition with other urban accommodation services and that it merely seeks to expand the tourism market. Nonetheless, this article proceeds from the assumption that Airbnb is influencing and transforming the housing market of the cities it operates in. It focuses on Ljubljana, which until 2019 had a record number of international arrivals and overnight stays. The findings confirm that short-term Airbnb rentals have affected the long-term rental market in Ljubljana. They also show that a very large share of rentals through Airbnb take place in the grey economy. However, the analysis of cases from selected European cities showed that, in addition to the drawbacks described, Airbnb also has positive effects on the development of cities. It is therefore necessary to accept and adapt appropriately to this global phenomenon through specific measures, such as those proposed in the conclusion for Ljubljana.

Sharing Economy and Sustainability in Tourism

2019 ◽  
pp. 30-47
Author(s):  
Nunzia Borrelli ◽  
Monica Bernardi
Keyword(s):  
South Korea ◽  
Case Studies ◽  
Emerging Market ◽  
Sustainable Tourism ◽  
Sharing Economy ◽  
Peer To Peer ◽  
Tourism Sector ◽  
Sustainability Issue ◽  
The Usa

The chapter focuses on the growing importance that the sustainability issue is gaining in tourism and on the increasing research of sustainable forms of tourism among travelers, looking to the relation with the emerging market of the sharing economy. Three streams of literature are merged: the contemporary tourists, the sustainable tourism and the sharing economy. This triangulation allows reflecting on the challenges that tours operators and in general the traditional tourism sector have to face in order to maintain their position on the market while accomplishing the sustainable goals. The analysis of three case studies, peer-to-peer platforms from South Korea, Italy, and the USA, favors the identification of some preliminary suggestions.

Determinants of rental strategy: short-term vs long-term rental strategy

2020 ◽  
Vol 13 (12) ◽  
pp. 3873-3894
Author(s):  
Sina Shokoohyar ◽  
Ahmad Sobhani ◽  
Anae Sobhani
Keyword(s):  
Nearest Neighbor ◽  
Performance Metrics ◽  
Sharing Economy ◽  
Real Estate Market ◽  
Support Vector ◽  
Attractive Alternative ◽  
K Nearest Neighbor ◽  
Short Term ◽  
Content Type

Purpose Short-term rental option enabled via accommodation sharing platforms is an attractive alternative to conventional long-term rental. The purpose of this study is to compare rental strategies (short-term vs long-term) and explore the main determinants for strategy selection. Design/methodology/approach Using logistic regression, this study predicts the rental strategy with the highest rate of return for a given property in the City of Philadelphia. The modeling result is then compared with the applied machine learning methods, including random forest, k-nearest neighbor, support vector machine, naïve Bayes and neural networks. The best model is finally selected based on different performance metrics that determine the prediction strength of underlying models. Findings By analyzing 2,163 properties, the results show that properties with more bedrooms, closer to the historic attractions, in neighborhoods with lower minority rates and higher nightlife vibe are more likely to have a higher return if they are rented out through short-term rental contract. Additionally, the property location is found out to have a significant impact on the selection of the rental strategy, which emphasizes the widely known term of “location, location, location” in the real estate market. Originality/value The findings of this study contribute to the literature by determining the neighborhood and property characteristics that make a property more suitable for the short-term rental vs the long-term one. This contribution is extremely important as it facilitates differentiating the short-term rentals from the long-term rentals and would help better understanding the supply-side in the sharing economy-based accommodation market.

scholarly journals The Sharing Economy towards Sustainable Tourism: An Example of an Online Transport-sharing Platform

2021 ◽  
Vol 13 (19) ◽  
pp. 10955
Author(s):  
Dalia Perkumienė ◽  
Milita Vienažindienė ◽  
Biruta Švagždienė
Keyword(s):  
Empirical Research ◽  
Quantitative Research ◽  
Negative Impact ◽  
Sustainable Tourism ◽  
Well Being ◽  
Sharing Economy ◽  
Quantitative Research Methods ◽  
Factors Influencing ◽  
Tourism Sector ◽  
The Impact

The sharing economy enables the sustainable development of tourism and at the same time contributes to social well-being and economic growth. It also helps to reduce negative impact on the environment and society, and at the same time reduces costs. The purpose of this study is to find out how the sharing economy can contribute to the development of sustainable tourism. This article is intended to identify the opportunities and benefits of the sharing economy in the tourism sector and to describe the impact of the sharing economy on the travel and tourism sector. To achieve this goal, a systematic scientific analysis of literature and quantitative research methods was applied. Seeking development of sustainable tourism, the authors present a theoretical conceptual model that illustrates the contribution of the sharing economy through benefits and factors influencing sharing economy perspectives in tourism. Empirical research was conducted based on factors influencing sharing economy perspectives in tourism transportation services as one of the sharing economy areas. Analysis of the empirical research results showed that the most important factors influencing the respondents’ choices of the ORSC transport sharing platform were price, general approach and comfort.

scholarly journals THE INFLUENCE OF TOURISM SECTOR AND TRADE ON ECONOMIC GROWTH IN INDONESIA

2020 ◽  
Vol 8 (2) ◽  
Author(s):  
Tetty Tiurma Uli Sipahutar
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Coefficient Of Determination ◽  
Significant Positive Effect ◽  
Short Term ◽  
Dummy Variable ◽  
Net Exports ◽  
Tourism Sector ◽  
Positive Effect

The results showed some conclusions: (i) in the long term that the variables of tourism foreign exchange and net exports positive and significant impact. Dummy variables and the exchange rate and no significant positive effect. (ii) in the short term that the variables of tourism foreign exchange and net exports positive and significant impact. And a dummy variable exchange rate and no significant positive effect. (iii) of the coefficient of determination (R2) showed that the variables studied could explain the long-term and short-term equal to 94.01 percent, while the remaining 5.99 percent is explained by variables out of models (which was not studied).

Airbnb, Platform Capitalism and the Globalised Home

2021 ◽  
Vol 8 (1) ◽  
pp. 107-118
Author(s):  
Nicole Gurran ◽  
◽  
Pranita Shrestha ◽  
Keyword(s):  
Rental Housing ◽  
Housing Markets ◽  
Sharing Economy ◽  
Short Term ◽  
Residential Homes ◽  
Policy Makers ◽  
The World ◽  
The Many

Airbnb, the most ubiquitous of the many online short-term rental platforms offering residential homes to tourists, has infiltrated local neighbourhoods and housing markets throughout the world. It has also divided policy-makers and communities over whether tourism in residential homes is a benign example of the so-called ‘sharing’ economy or a malignant practice which destroys neighbourhoods. These differing positions reflect alternative and changing notions of ‘home’ within wider processes of financialisation and platform capitalism. This paper examines these themes with reference to stakeholder statements solicited in response to government inquiries on how to regulate short-term rental housing in Australia.

The impact of Airbnb on housing affordability: Evidence from Hong Kong

2021 ◽  
pp. 239980832110431
Author(s):  
Cong Liang ◽  
Matthew Chi Hei Yeung ◽  
Alan Kai Ming Au
Keyword(s):  
Hong Kong ◽  
Rental Housing ◽  
Housing Affordability ◽  
Rapid Expansion ◽  
Multiple Sources ◽  
Short Term ◽  
Econometric Methods ◽  
Income Ratio ◽  
The Impact

Recent years have witnessed the rapid expansion of the home-sharing business. The home-sharing services provided by Airbnb not only allow the homeowner to earn extra income by renting out part of the property to the potential renters but also provides the renters an authentic travel experience by living with residents. The emerging business model of Airbnb may bring about some uncertainties to rental housing markets. This study aims to explore an important issue – whether the home-sharing services provided by Airbnb would exacerbate the problem of housing affordability in Hong Kong. By examining the data from multiple sources such as the website of Airbnb and Census statistics from the Hong Kong Government, and housing rental transactions from property agents’ website via several econometric methods, we found that (1) the arrival of Airbnb would drive up housing rent rate around 3.6–4%; (2) The Airbnb activities would increase the rent-to-income ratio by 4%–4.7% in Hong Kong; (3) short-term home-sharing provided by Airbnb under current circumstance would lead to housing unaffordability in Hong Kong. It is suggested that regulations/guidelines on home-sharing should set a quota or limit the number of offering from long-term rentals to short-term rentals.

Sustainable Tourism Management Model in Bromo Tengger Semeru National Park

2020 ◽  
Vol 11 (1) ◽  
pp. 96-96
Author(s):  
Sunardi ◽  
Nanny Roedjinandari ◽  
Estikowati
Keyword(s):  
Natural Resources ◽  
National Park ◽  
Local Community ◽  
Sustainable Tourism ◽  
Tourism Development ◽  
Local Culture ◽  
Sustainable Tourism Development ◽  
The People ◽  
Tourism Sector

Tourism is one of the sector that manage to grow exponentially, it can be seen from the increase in the income of the country from tourism sector which is expected to support the country economic' growth (Ing Wu cited in Putri et al., 2018). Tourism development in Indonesia currently based on sustainable tourism development. This is happened because the policy of sustainable tourism development will use the natural resources and human resources for the long term (Sharpley, 2000). Bromo Tengger Semeru National park area is one of the 10 priority destination that is created by the Ministry of Tourism of Indonesia to expedite sustainable tourism development in Indonesia.As one of the main tourism destination in Indonesia, Bromo Tengger Semeru National park area has many attributes that can attract domestic and international tourists namely: the variety of attraction with more than 10 tourist attractions, local culture attribute, history and natural resources that become main attraction that define Bromo Tengger Semeru national park from other tourist destination. Those various attribute represents tourism in East Java as a whole (Rahajeng, 2008). The level of sustainable tourism can be measured based on three criteria namely: (1) There is no depletion of natural resources, (2) There is no pollution and other negative effect on the environment, (3) tourism activity must be able to increase usable resources and replaceable resources (The Ministry of Environment, 1990). Sustainable development must be based on the long term use of natural resources and continual nature preservation (Eko, 2019). Sustainable tourism development can only happened when the balance of ecology aspect of the tourism destination and social and economy of the local community is achieved while at the same time still authentic and environment friendly (Andres, 2018). Sustainable economically means long term investment that is done now must be useful for the future generation for the long term (Ivan, 2017). Tourism development is one of the main sources of environment degradation even though it brings positive effect for the wellbeing of the society. Tourism sector is one of the contributors of environmental damage when building new infrastructure causing pollution, farming area is changed to tourism infrastructure. In the social aspect the change of people source of livelihood, from farming to working in the tourism business, the change of the local culture, work ethics, the local culture is diminishing (there is no more architecture with traditional local style. Local community is also in the risk of getting too dependent on the tourism sector such as accommodation and restaurant business. The price of the land will be increasing due to a sudden need of land to build tourism infrastructure (Sumiati, 2018). In the social and culture aspect, the behavior of some of the people is changing, some of them will asked visitors to pay extra, forced visitors to do the activities that they are not interested to, and doing touting illegally which will disturb the visitors (Abimanyu, 2010). This practice will reduce visitors satisfaction, because honesty of the people who work in the tourism industry directly is one of the most important factor that influence visitors satisfaction (Andres and Artal-Tur, 2018). Keywords: Sustainable tourism management model, Ecotourism, National tourism development.

Costa Rica’s pandemic response faces political hurdles

2020 ◽  
Keyword(s):  
Informal Sector ◽  
Low Income ◽  
Financial Assistance ◽  
Short Term ◽  
Content Type ◽  
Tourism Sector ◽  
Pandemic Response ◽  
The Government ◽  
The Imf

Significance In August, it asked the IMF for a USD1.75bn credit under the Extended Fund Facility. This will come on top of the USD504mn approved by the IMF for emergency financial assistance in May. Costa Rica's problems stem from a combination of long-term weaknesses and the short-term impacts of the COVID-19 pandemic. Impacts The tourism sector will be slow to recover, further hurting the economy and the fiscal position. Insufficient support for the informal sector will leave much of the country’s workforce struggling. Poverty will probably increase as the government struggles to expand social programmes to protect low-income households.

scholarly journals Sustainability and regional development: the case of the tourism sector in Southern Europe

2013 ◽  
Vol 2 (3) ◽  
pp. 301-310
Keyword(s):  
Sustainable Tourism ◽  
Local Area ◽  
Local Economy ◽  
Southern Europe ◽  
European Regions ◽  
Term Survival ◽  
Tourism Sector ◽  
Economic Imbalances

The present work argues that sustainable tourism is essential to the long-term survival of the tourism industry in Europe. Sustainable tourism may be regarded as a means of redressing economic imbalances between European regions and nations without producing adverse environmental, social and cultural effects on host communities. Conflicts between the development of a local economy and the interests of ‘outside’ investors from elsewhere among EU member nations must be resolved in the best interests of the local people and the environment. The degree to which profits are expropriated from a local area or region is a particular concern. The transnational character of tourism businesses makes necessary a European-wide policy, where the quality of life and nature’s conservation will obtain a premortial place.

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