Airbnb is taking a very bold step by issuing a multi billion dollar IPO during a global economic slowdown – something that was unthinkable a few years ago.
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Articles on Airbnb
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Analysis of online listings on common online platforms shows even modest reductions in Airbnb listings increased supply of longer-term rentals. The result was lower local rents.
Like the entire tourism industry, the coronavirus pandemic has had an enormous effect on Airbnb’s finances.
Accommodation providers are reporting huge increases in the numbers of people coming to them for help. They’d love to be able to use newly vacant rental housing, but it’s not a lasting solution.
Airbnb’s platform perpetuates the social exclusion of people with disabilities, while the 30-year-old ADA doesn’t apply to the sharing economy.
Platforms like Airbnb have been blamed for reducing the rental housing supply and pushing up rents. But investors seeking more security might now want to offer their properties to long-term renters.
About 4% of Australian housing stock has been or is listed on Airbnb. The number of listings continues to grow, with a shift towards more professional managers of listed properties.
The EU needs to reconsider its approach if digital platforms are to thrive.
In 2016, a Victorian court decided an Airbnb arrangement was a lease. ‘Guests’ could be protected by tenancy law, including against eviction. And in this case the host was evicted for subletting.
Airbnb now has 7m listings in more than 100,000 cities, making it larger than the eight biggest hotel groups combined.
The number of Airbnb properties has exploded since its founding in 2008. A hospitality management expert looked at how this has hurt hotels.
The future of tourism depends on ensuring visitors do not wear out their welcome. Giving locals more of a say in tourism can help ensure they share in the benefits and minimise the costs.
Uber’s IPO will value the company at more than $80 billion, yet the data it collects on its users may be worth even more – and creates the potential for dangerous manipulation.
Airbnb has been criticised for contributing to housing problems in cities across Europe – but history shows there could be a way forward.
The sharing economy is often romanticised as a shift away from the evils of capitalism to a more communal and socially conscious way of life. But is this simply clever marketing?
It’s now clear that a single American company, Airbnb, has upended local housing markets, pushed rental prices skyward and could be contributing to poverty, especially in cities popular with tourists.
Companies like Google, Apple, Facebook, Amazon, Airbnb and Tesla are redefining key aspects of daily life such as work, mobility and leisure, using our cities as laboratories for their innovations.
Short-term letting via digital platforms benefits some in the market at the expense of others. Closer regulation might be needed in Melbourne and Sydney, where a permissive approach prevails.
Cheap flights and irresponsible tourists are causing many holiday destinations to become overrun with visitors.
More and more housing in city-centres is being bought or built for the short-term rental market.
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Professor of Urban and Regional Planning, University of Sydney
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Emeritus Professor, University of Sydney
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Lecturer in Tourism & Events, Glasgow Caledonian University
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Professor of Information Technology and Organisation, University of Sydney
