Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220390
Title: THE RELATIONSHIP BETWEEN AIRBNB AND RENTAL MARKET: IN THE CASE OF LONDON
Authors: HUANG, SHI HUI
Keywords: Huang Wei
Real Estate
RE
2018-2019 RE
Issue Date: 8-May-2019
Citation: HUANG, SHI HUI (2019-05-08). THE RELATIONSHIP BETWEEN AIRBNB AND RENTAL MARKET: IN THE CASE OF LONDON. ScholarBank@NUS Repository.
Abstract: Airbnb is growing its presence globally. Since its inception in 2007, the company has grown to be valued at a market capitalization larger than many of the highly-valued hospitality groups. As an up-and-coming sharing economy, it has posed many concerns to both the hospitality industry as well as the housing market. Authorities all over the world struggle to regulate this market as they lack information and study in this area. While many literature has covered the impact of Airbnb on the hospitality, the impact on housing market is a handful. Airbnb has been criticized for the negative impact it has on the housing market, particularly the rental market. Therefore, this paper seeks to support this finding empirically. An Ordinary Least Squares regression is used in this paper to find the relationship between the long-term rental market and the Airbnb market, if any. Results from running several regressions show that there are insufficient evidence to prove any association between the dependent and independent variable of the study. Hence, the paper concludes that Airbnb has no effect on the long-term rental market in London. This paper is limited in finding any causal relationship due to the complicated nature of the housing market.
URI: https://scholarbank.nus.edu.sg/handle/10635/220390
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