Home Volume 21
E-mail
A Game Theory approach to Airbnb and hotels competition
            
           Juan Pedro Aznar1* , Josep Maria Sayeras Maspera2 and Xavier Quer3
        
Received: 31/07/2018 Accepted: 07/09/2018

       

1Associate Professor. Economics, Finance and Accounting Department, ESADE Business and Law School, Ramon LLull Univeristy. Barcelona, Spain. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Avenida Pedralbes, 60-62, Barcelona, 08034, Phone number: + 34 93 280 61 62 (2231 extension)
2Associate Professor. Economics, Finance and Accounting Department. ESADE Business and Law School,
Ramon LLull Univeristy. Barcelona, Spain. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Avenida Pedralbes, 60-62, Barcelona, 08034
3Research Assistant. Economics, Finance and Accounting Department. ESADE Business and Law School, Ramon LLull Univeristy. Barcelona, Spain. E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Avenida Pedralbes, 60-62, Barcelona, 08034
*Corresponding author

   
Abstract
      
The rapid growth of Airbnb listings has represented a challenge for hotels. While most of the existent literature has focused on empirically measuring the impact of Airbnb listings on hotels’ revenues and profitability, the present research is one of the first attempts to develop a theoretical framework based on game theory to model a hotel’s best response in terms of investment to improve the quality of service and pricing strategy. The model results suggest that hotel location, the average value of long-term rental contracts and the density of available apartments influence the hotel strategy.
   

© 2019 Varna University of Management. All rights reserved


Keywords: Airbnb, pricing strategy, quality, sequential game.

    
Citation: Aznar, J., J. Maspera and X. Quer (2019) A Game Theory approach to Airbnb and hotels competition. European Journal of Tourism Research 21, pp. 119-123
    
Please login first to read fulltext!
 
European Journal of Тourism Research