AIRBNB IN BUDAPEST: ANALYSING SPATIAL PATTERNS AND ROOM RATES OF HOTELS AND PEER-TO-PEER ACCOMMODATIONS

Abstract

The aim of the paper is to reveal how the proliferation of Airbnb is shaping hotel room and short-term accommodation rates in Budapest, which areas are most affected and whether there is any spatial concentration. We performed a manually made internet data query and applied GIS-based mapping methods to visualise the spatiality of Airbnb in Budapest and highlight the differences in room rates. Our results show that both the hotel and Airbnb supply concentrates mainly in the centre of the city, causing fierce competition between hotels and Airbnb hosts. Furthermore, Airbnb also has a strong impact on the rental market through the increasing rental prices.

Keywords

• sharing economy
• Airbnb
• Budapest
• collaborative consumption
• short-term accommodation