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

Research Article
Open access

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

Jiayi Yang 1*
  • 1 University of Edinburgh    
  • *corresponding author S2044909@ed.ac.uk
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/42/20232093
AEMPS Vol.42
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-105-6
ISBN (Online): 978-1-83558-106-3

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

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.
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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.

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

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About volume

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

ISBN：978-1-83558-105-6(Print) / 978-1-83558-106-3(Online)
Editor：Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.42
ISSN：2754-1169(Print) / 2754-1177(Online)

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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.

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