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“Airbnb in the City”: assessing short-term rental regulation in Bordeaux

Author

Listed:
  • Calum Robertson

    (NUDD - Usages du Numérique pour le Développement Durable - ULR - La Rochelle Université, ULR - La Rochelle Université)

  • Sylvain Dejean

    (ULR - La Rochelle Université, NUDD - Usages du Numérique pour le Développement Durable - ULR - La Rochelle Université)

  • Raphaël Suire

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université, Nantes Univ - Nantes Université)

Abstract
Short-term rental platforms, led by Airbnb, have disrupted the tourism accommodation industry over the last decade. This disruption has encouraged policy-makers to intervene. However, little is known about how effective such interventions are. This paper empirically evaluates the impact Bordeaux's regulation has had on short-term rental (STR) activity through both a differences-in-differences and a triple-difference design. We find that regulation has had a reductive effect of over 322 rented days per month per district on average. This equates to 43% of mean reservation days and over 28 thousand less nights spent per month in STRs across the city. This effect is persistent in peripheral areas of the city, with an average effect of 35% of monthly reservation days. However, the city's attempts to limit activity stemming from targeted (commercial) listings yields mixed results as non-targeted (home-sharing) listings also seem to have modified their behavior. Additionally, analysis in the periphery points paves the way for discussion about the effectiveness of one-size-fits-all STR policy design.

Suggested Citation

  • Calum Robertson & Sylvain Dejean & Raphaël Suire, 2023. "“Airbnb in the City”: assessing short-term rental regulation in Bordeaux," Post-Print hal-04123595, HAL.
    • Handle: RePEc:hal:journl:hal-04123595
    DOI: 10.1007/s00168-023-01215-4
    Note: View the original document on HAL open archive server: https://hal.science/hal-04123595
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    References listed on IDEAS

    as
    1. Andreas Olden & Jarle Møen, 2022. "The triple difference estimator [Semiparametric difference-in-differences estimators]," The Econometrics Journal, Royal Economic Society, vol. 25(3), pages 531-553.
    2. Koster, Hans R.A. & van Ommeren, Jos & Volkhausen, Nicolas, 2021. "Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles," Journal of Urban Economics, Elsevier, vol. 124(C).
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    4. Shirley Nieuwland & Rianne van Melik, 2020. "Regulating Airbnb: how cities deal with perceived negative externalities of short-term rentals," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(7), pages 811-825, April.
    5. Gonçalves, Duarte & Peralta, Susana & Pereira dos Santos, João, 2022. "Short-Term Rental Bans and Housing Prices: Quasi-Experimental Evidence from Lisbon," IZA Discussion Papers 15706, Institute of Labor Economics (IZA).
    6. Tomaso Duso & Claus Michelsen & Maximilian Schäfer & Kevin Ducbao Tran, 2020. "Airbnb and Rents: Evidence from Berlin," Discussion Papers of DIW Berlin 1890, DIW Berlin, German Institute for Economic Research.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Short-term rentals; Regulation; Tourism; Diff-in-diff methodology; Short-term rental Airbnb Regulation Tourism Housing Triple Difference Differences-indifferences; Short-term rental; Airbnb; Housing; Triple Difference; Differences-indifferences;
    All these keywords.

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