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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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Analysis of the Phenomenon of Sharing Accommodation and its impact on Tourism
Raška, Kryštof ; Tyslová, Irena (advisor) ; Tittelbachová, Šárka (referee)
Bachelor thesis focuses on phenomenon of sharing economy and its impacts on tourism. The sharing economy represents new economic model, which significantly changes life in 21st century and disrupts current conditions. After the description of theoretical and methodological approach, the thesis concentrates on defining tourism and its global socio-economic importance. In the following practical part, there is in-depth description of Airbnb service, as the most relevant representative of sharing economy with the biggest impacts on a contemporary tourism. Summary of this document is about comparing all the positives and negatives that sharing economy brings.
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Long-time or short-time rental
Machalický, Jakub ; Dlouhá, Zuzana (advisor) ; Kovanda, Lukáš (referee)
The bachelor thesis examines the factors affecting short-term and long-term rentals in Prague. Significant factors for short-term rental are: number of guests, number of bedrooms, existence of a lift and positional factors. Significant factors for long-term rentals are: the condition of the property, its layout and space, parking, existence of a lift and positional factors. The next part of the thesis is searched situations where it is better for owners to do short-times rentals. The occupancy rate is used for it. The minimum occupancy rate is calculated for situations where it is better for owners to do short-times rentals.
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