Cocola-Gant, A orcid.org/0000-0003-3395-4233, Jover, J, Carvalho, L et al. (1 more author) (2021) Corporate hosts: The rise of professional management in the short-term rental industry. Tourism Management Perspectives, 40. 100879. ISSN 2211-9736
Abstract
This paper explores the rise of short-term rental (STR) management companies and reveals the transition from a sharing economy activity to the consolidation of a professional industry hinging on what we call ‘corporate hosts’. By relying on interviews with companies operating in Lisbon and Porto, Portugal, we found: first, that a phenomenon of market concentration occurred in which individual hosts have outsourced the management of their properties to corporate hosts; second, that through the use of digital technology and vertical integration, corporate hosts are able to enhance the profitability of large portfolios of STRs; and, third, that corporate hosts imitate practices from the hotel industry, leading to the formation of a hybrid product in which the lines between hotels and STRs have blurred. We argue that corporate hosts constitute a new layer of intermediation that challenges the way we understand the STR industry and the overall functioning of this market.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 The Author(s). Published by Elsevier Ltd. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) |
Keywords: | Short-term rentals; Airbnb; Sharing economy; Vertical integration; Platform economy; Digital technology; High growth firms; Professionalization |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > School of Geography (Leeds) > SOG: Cities & Social Justice (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 28 Oct 2021 15:54 |
Last Modified: | 28 Oct 2021 15:54 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.tmp.2021.100879 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:179485 |