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  4. An Analysis of the Airbnb Market: A Detailed Look at Four Italian Cities
 
conference paper

An Analysis of the Airbnb Market: A Detailed Look at Four Italian Cities

Del Giudice, Francesco Paolo
•
Manganelli, Benedetto
•
De Paola, Pierfrancesco
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Gervasi, Osvaldo
•
Murgante, Beniamino
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2024
Computational Science and Its Applications – ICCSA 2024 Workshops, Proceedings
24th International Conference on Computational Science and Its Applications

The Sharing Economy, or the economy of sharing, is an economic phenomenon that has rapidly spread in recent years, transforming the ways in which resources and services are accessed and consumed. This phenomenon has had a significant impact on consumption dynamics, redefining the concept of ownership and promoting the idea of temporary and shared access to goods. An emblematic example is represented by Airbnb, a multinational company founded in 2008 and valued at 35 billion dollars. With over 4 million hosts and 800 million guests in more than 220 countries and regions, Airbnb offers communities the opportunity to make the most of their cultural and scenic heritage, attracting a variety of visitors eager for authentic experiences. In this regard, the present study proposes a methodological model capable of empirically analyzing the Airbnb market in four Italian cities, adopting an integrated approach that combines Principal Component Analysis (PCA) and clustering based on the use of the k-means algorithm, to arrive at a deeper understanding of the data. The results emerging from the research highlight a significantly negative correlation between price and distance from the city center, also revealing a negative correlation between reviews and price, as well as between reviews and distance from the city center. Through the analysis of the research results, it aims to make a relevant contribution to academic literature, providing new perspectives and insights for further studies on Airbnb dynamics, as well as on the economic and social implications of resource and service sharing in the context of the Sharing Economy.

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Type
conference paper
DOI
10.1007/978-3-031-65318-6_4
Scopus ID

2-s2.0-85200719698

Author(s)
Del Giudice, Francesco Paolo

Sapienza Università di Roma

Manganelli, Benedetto

Università degli Studi della Basilicata

De Paola, Pierfrancesco

Università degli Studi di Napoli Federico II

Tajani, Francesco

Sapienza Università di Roma

Amato, Federico  

École Polytechnique Fédérale de Lausanne

Editors
Gervasi, Osvaldo
•
Murgante, Beniamino
•
Garau, Chiara
•
Taniar, David
•
C. Rocha, Ana Maria A.
•
Faginas Lago, Maria Noelia
Date Issued

2024

Publisher

Springer Science and Business Media Deutschland GmbH

Published in
Computational Science and Its Applications – ICCSA 2024 Workshops, Proceedings
Series title/Series vol.

Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); 14822 LNCS

ISSN (of the series)

1611-3349

0302-9743

Start page

49

End page

65

Subjects

Airbnb

•

Real Estate Market

•

Short-Term Rent

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
SDSC-GE  
Event nameEvent acronymEvent placeEvent date
24th International Conference on Computational Science and Its Applications

Hanoi, Viet Nam

2024-07-01 - 2024-07-04

Available on Infoscience
January 26, 2025
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/244872
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