The emergence of the sharing economy has disrupted several industries. Controversies about multi-sided sharing platforms have arisen as incumbent firms assert that the platforms benefit from unfair competition by sidestepping regulations. This paper attempts to quantify the impact of Airbnb, one prominent example of a sharing platform, on the hotel industry in the Coachella Valley. I find that from 2011 to 2016, the increase in Airbnb supply in the Coachella Valley has a negative impact on city-level hotel revenue. For different hotel segments in the Coachella Valley, I do not observe significant differences in the magnitude of impact across the three categories.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-2721 |
| Date | 01 January 2017 |
| Creators | Wang, Siyu |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | © 2017 Siyu Wang, default |
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