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Can Airbnb Provide Livable Incomes to Property Owners?: An Analysis on National, Regional and City District Level

AIAS Working Paper No. 168

30 Pages Posted: 4 Feb 2017  

Brian Fabo

National Bank of Slovakia

Silvia Hudáčková

Comenius University

Arthur Nogacz

Central European University (CEU)

Date Written: January 2017

Abstract

In this paper, we explore the Airbnb payoffs on the macro (global), mezzo (national) and micro (city) level. The main aim of the paper is to pilot a methodology for exploring, whether Airbnb can serve as a source for income replacement. Combining a variety of data sources on the affluence of a given location, we aim to estimate the potential payoffs to property owners from renting out a property on Airbnb vis-à-vis the living cost in that place. We discover a great variety of payoffs between individual countries, regions and city districts, which appear to be quite complex and cannot be universally simplified to indicators such as prosperity or tourists visits. Many interesting patterns found in this study would require further examination.

Keywords: Airbnb, On-Demand Economy

JEL Classification: M13

Suggested Citation

Fabo, Brian and Hudáčková, Silvia and Nogacz, Arthur, Can Airbnb Provide Livable Incomes to Property Owners?: An Analysis on National, Regional and City District Level (January 2017). AIAS Working Paper No. 168. Available at SSRN: https://ssrn.com/abstract=2910272 or http://dx.doi.org/10.2139/ssrn.2910272

Brian Fabo (Contact Author)

National Bank of Slovakia ( email )

Imricha Karvasa 1
813 25 Bratislava
Slovakia

Silvia Hudáčková

Comenius University ( email )

SK-84215 Bratislava
Slovakia

Arthur Nogacz

Central European University (CEU) ( email )

Nador utca 9
Budapest, H-1051
Hungary

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