[Busec] Talk today 10AM: Davide Proserpio on Airbnb

Sharon Goldberg goldbe at cs.bu.edu
Fri Jun 21 07:50:38 EDT 2013


All,

A reminder for Davide Proserpio's practice talk on his new work on
Airbnb.  This is not a security talk, but should be interesting
nonetheless. Abstract below.

Best,
Sharon

*****

The Rise of the Sharing Economy: Measuring the impact of Airbnb on
Hotel Performance
Speaker: Davide Proserpio, BU
Friday 10AM, MCS137

More than four million people have rented accommodation from a service
that offers over 300,000 rooms in 30,000 cities in 192 countries. They
chose their rooms and paid for everything online. But their beds were
provided by private individuals, rather than a hotel. This service is
Airbnb.

Since its launch in 2008, Airbnb has experienced very rapid growth,
passing from a few hundreds nights booked in 2008 to over ten million
nights of cumulative bookings worldwide at the end of 2012. In this
paper we aim to investigate the consequences of the rise of Airbnb as
seen by the local economy. In particular, we are interested in
quantifying the impact of Airbnb on the local hotel industry. To
explore this research question, we leverage a dataset of room stays
that we have collected from Airbnb.com. Our initial results suggest
that Airbnb's entry is associated with a negative impact on hotel
revenue. Specifically, our model provides evidence that lower price
hotels, i.e., budget category, are experiencing a decrease in Revenue
Per Available Room (RevPAR), a common metric used in the hotel
industry to measure hotels performance.

Joint work with John Byers, Flavio Esposito and Giorgos Zervas

--
Sharon Goldberg
Computer Science, Boston University
http://www.cs.bu.edu/~goldbe


-- 
Sharon Goldberg
Computer Science, Boston University
http://www.cs.bu.edu/~goldbe


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