Impacts of COVID-19 on the Hospitality Industry: Case Study of Airbnb’s Response and Market Exit

Jiayi Yang

doi:10.54254/2754-1169/42/20232093

Research Article

Open access

Published on 10 November 2023

Download pdf

Yang,J. (2023).Impacts of COVID-19 on the Hospitality Industry: Case Study of Airbnb’s Response and Market Exit.Advances in Economics, Management and Political Sciences,42,124-129.

Export citation

Impacts of COVID-19 on the Hospitality Industry: Case Study of Airbnb’s Response and Market Exit

Jiayi Yang *^,1,

¹ University of Edinburgh

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/42/20232093

Abstract

This paper investigates the impact of the COVID-19 pandemic on the hospitality industry, with a specific focus on Airbnb as a case study. Through an in-depth analysis, this paper uncovers the disruptions and transformations experienced by the hospitality industry due to COVID-19. Examining the case of Airbnb sheds light on the complexities and vulnerabilities inherent in the sharing economy model. The study showcases the unique challenges Airbnb faces in the Chinese context and evaluates the effectiveness of the strategies employed to sustain operations. It provides valuable insights into Airbnb’s decision-making processes and gives alternative solutions that could be helpful. By combining the findings from this case study, this paper offers practical assessments and recommendations for the future development of the hospitality industry. In conclusion, this paper provides a comprehensive examination of the impact of COVID-19 on the hospitality industry through the lens of Airbnb.

Keywords

hospitality industry, Airbnb, COVID-19

View pdf

References

[1]. Abbas, J., Mubeen, R., Iorember, P. T., Raza, S., Mamirkulova, G.: Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry. Current Research in Behavioral Sciences 2, 100033 (2021).

[2]. Gyódi, K.: Airbnb and hotels during COVID-19: Different strategies to survive. International Journal of Culture, Tourism and Hospitality Research 16(1), 168-192 (2022).

[3]. The Guardian Homepage, https://www.theguardian.com/technology/2019/may/05/airbnb-homelessness-renting-housing-accommodation-social-policy-cities-travel-leisure, last accessed 2019/05/05.

[4]. Nhamo, G., Dube, K., Chikodzi, D., Nhamo, G., Dube, K., Chikodzi, D.: Impacts and implications of COVID-19 on the global hotel industry and Airbnb. Counting the Cost of COVID-19 on the global tourism industry, 183-204 (2020).

[5]. Dolnicar, S., Zare, S.: COVID19 and Airbnb–Disrupting the disruptor. Annals of tourism research 83, 102961 (2020).

[6]. Baidu Homepage, https://baijiahao.baidu.com/s?id=1733715919133038173&wfr=spider&for=pc, last accessed 2021/04/06.

[7]. UQ eSpace Homepage, https://espace.library.uq.edu.au/view/UQ:75b3911, last accessed 2021/04/06.

[8]. Polisetty, A., Kurian, J. S.: The future of shared economy: A case study on Airbnb. FIIB Business Review 10(3), 205-214 (2021).

[9]. Statista Homepage, https://www.statista.com/statistics/1110445/china-coronavirus-covid-19-pandemic-impact-on-airbnb-monthly-revenue-in-beijing/, last accessed 2022/01/27.

[10]. Statista Homepage, https://www.statista.com/statistics/1193565/airbnb-revenue-by-region-worldwide/,last accessed 2023/05/03.

[11]. Chen P.: How to “get over the hump” in a crisis-ridden Audemars Piguet. China Business (8), 118-121 (2020).

[12]. Qianzhan Homepage, https://www.qianzhan.com/analyst/detail/220/190212-79a2b4b9.html, last accessed 2019/02/13.

Cite this article

Yang,J. (2023).Impacts of COVID-19 on the Hospitality Industry: Case Study of Airbnb’s Response and Market Exit.Advances in Economics, Management and Political Sciences,42,124-129.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

Disclaimer/Publisher's Note

The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content

About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

Conference website: https://www.icemgd.org/

ISBN：978-1-83558-105-6(Print) / 978-1-83558-106-3(Online)

Conference date: 6 August 2023

Editor：Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.42

ISSN：2754-1169(Print) / 2754-1177(Online)

© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open access policy for details).