The Impact of Airbnb on Hotel Industry

In appendix 1 we can see that there is the major part of hosts who have only one listing - 502, and the smallest number of hosts who has 4 listings- only 19.
In appendix 2 we can see how many different types of room in Latvia exist. It is obviously that the biggest percentage is taken by the amount of entire houses- 81,1 % or 963 houses; private room – 17% or 202; and shared room-only 1,9% or 23 rooms.
In the next appendix (appendix 3) we can see that in Latvia the most popular room type is 1 bedroom- 426 listings, however the least popular is 4+ bedroom type – only 24 listings all over the city.
 
Conclusion
The Airbnb hosting service is a normal private good which is supplied under the ruler of monopolistic competition. Airbnb is one of leading companies all around the world providing lodging. It has entered the market only 8 years ago, but since that time it has grown and developed rapidly, and become recognizable in the world. The main idea of Airbnb is to use model of sharing economy, to share owners’ properties that are being unused. With a two-sided business model Airbnb easily connects supply and demand sides using hosts and guests.
Airbnb’s prices are always dynamic and changing, that helps to regulate the market and the prices.
Airbnb is a company that does not have built any special building for guests, but just connects housing providers and travellers worldwide.

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