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Determinants of the average daily rate of Peer-to-peer accommodation in the Czech Republic
Řežábek, Pavel ; Pavlíček, Jaroslav (advisor) ; Schwarz, Jiří (referee)
This thesis investigates which characteristics of peer-to-peer accommodation affect its average daily rate. The study utilizes a unique dataset created with data on all accommodation offers in the Czech Republic, made directly from data downloaded from airbnb.com, which is the largest platform presenting short-term rentals outside hotels. The information about amenities and reviews of individual properties offering accommodation are firstly categorized. The effects of each such category together with information about size and location on the average daily rate are then investigated using the ordinary least squares method. The following parameters are found to have have the most significant effect on the average daily rate: location in Prague, the maximum number of occupants, hotel-type equipment, and luxury amenities.
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Analysis of Short-term Rental Market in Prague
Štollová, Karolína ; Pertold-Gebicka, Barbara (advisor) ; Pavlíček, Jaroslav (referee)
This paper investigates determinants of daily rate of Airbnb listings in Prague, Czech Republic. Sample of 13 500 properties was examined to identify a relationship between property attributes and rental price using the ordinary least squares estimation method. The study provides an empirical evidence that twenty-five independent variables describing space, reputational, location, commerciality attributes or management policies significantly impact the average daily rate. According to the analysis the most relevant rental price determinants are property location, its size in terms of number of bedrooms, bathrooms and capacity. Author demonstrated in two robustness checks that the results are stable. The study is conducive to better understanding of the Prague Airbnb market. Insights from the analysis could help hosts in developing a suitable pricing strategy as well as Airbnb or similar platforms in designing a pricing tool to increase hosts efficiency.
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Creating a company and its information system
Pokorný, Jakub ; Stanovská, Iva (advisor) ; Huňáček, Tomáš (referee)
There are numerous emerging companies creating interesting and often unique projects in the 21st century. These companies frequently operate in a new, rapidly changing sector. These companies may face an insufficient supply of standardized information software, capable of supporting the business. On the contrary, an individual application software (made from scratch) might not be an option for the companies due to lack of finance to fund its development. Moreover, such SW may not be suitable for companies, especially in a situation when the company starts business activities in a new field, where all the business processes, hence the software requirements, emerge after many test runs and trials. In theory, this thesis focuses on possible solutions to this problem and in practice examines one specific software solution using an example of a property management company Property Rentier s.r.o. (hereinafter PR) which offers complex management services for recreational homes and short-term rental properties, especially using an Airbnb platform. PR has currently been confronted with a decision to make, whether or not to restructure its software solution and its architecture or keep its own and merely keep expanding it. The main goal of this thesis is to analyze and summarize the current processes of the selected company, describe how it is being supported by IT/ICT and, based on these findings, evaluate and recommend further measures regarding restructuring of the companys IT systems. The thesis output is meant for the PR company as well as for any start-up companies as a supportive material which should help ease its struggle making decisions about software development or its purchase.
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