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When local business faded away: the uneven impact of Airbnb on the geography of economic activities.
- Source :
- Cambridge Journal of Regions, Economy & Society; Jul2023, Vol. 16 Issue 2, p335-348, 14p
- Publication Year :
- 2023
-
Abstract
- This paper investigates the unequal effect of Airbnb on the spatial organisation of economic activity in Madrid, Spain. Using establishment-level data from Madrid City Council and consumer-facing information from this short-term rental company, we find that Airbnb reshapes the urban space by encouraging tourist-oriented businesses, defined as businesses where tourists spend more than locals, at the expense of businesses primarily oriented to locals. These findings prove that short-term rentals do displace not only the local population but also resident-oriented businesses. Ultimately, our findings remain solid regardless of how we measure short-term rental activity and are not influenced by the growth of e-commerce or gentrification. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 17521378
- Volume :
- 16
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Cambridge Journal of Regions, Economy & Society
- Publication Type :
- Academic Journal
- Accession number :
- 168591018
- Full Text :
- https://doi.org/10.1093/cjres/rsad009