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Airbnb and the Hotel Industry in Warsaw: An Example of the Sharing Economy?

Abstract

The aim of this analysis is to examine the characteristics of the Airbnb network, to verify the share of Airbnb offers that belong to the sharing economy and to identify the differences between the spatial distribution of the Airbnb network and the traditional hotel industry. The article is based on a unique dataset of web-scraped data on Airbnb listings in Warsaw (Poland), combined with district-level official statistics on the hotel industry. The analysis shows that only approximately 11% of offers belong to the sharing economy (“individuals granting each other temporary access to their under-utilised assets”), while at least one third of offers are provided by professional firms. The Airbnb network shows a strong centre-periphery pattern, with 75% of offers located within a range of 4.3 kilometres from the centre. The spatial concentration of Airbnb offers is strongly driven by their distance from metro lines, while it is weakly related to the amount of living space. On the district-level, the spatial distribution of Airbnb listings is correlated with that of the hotel industry, although Airbnb contributes to a more even spread of tourism in the city. The major contribution of this analysis is its presentation of the size and characteristics of the platform, which is essential for data-driven policy making.

Open access
How Important is Gambling in National GDP: Case Study from Austria, Croatia, Italy and Slovenia

Abstract

Purpose – The situation in the field of gambling is changing due to the rise of Internet and Mobile gambling. In general gambling consumption is increasing every year, but the distribution of consumption has radically changed from Land Based gambling to Remote gambling. The purpose of this article is to present an overview of the world gambling industry and a specific overview in Austria, Croatia, Italy and Slovenia in order to find some main similarities and differences in observed period.

Design/Methodology/Approach – The main research question is How important is gambling for the involved countries and what proportion of the national GDP does the gambling revenue account for? This paper presents the analysis of five statistical databases for the last sixteen years in order to find out some patterns, cyclical or seasonal features or other significant information that allows us to do forecasting of the future revenue with a certain degree of accuracy. We have systematically searched and collected data from the World Bank and the National Statistical Offices websites of the given countries. Statistical methods were used for benchmark analysis, while Box and Jenkins approach and ARIMA modelling were used for forecasting.

Findings – The smallest increase was recorded in Slovenia and the largest in Italy. The same effects were also observed in the GDP of these countries. Thus, the state budgets of Croatia and Italy are increasingly dependent on gambling taxes. It also has negative wages. The gambling addictions among the locals have become more frequent as well.

Originality of the research – The article shows the forecasts of the gambling revenue and its share in the GDP by 2027. We want to alert decision makers to adopt appropriate policies. States need to rethink their views on gambling and the excessive dependence of the state budget on gambling taxes. This is the first time a single comparative analysis of these countries and the above mentioned forecast has been conducted.

Open access
Analysis of the Use of Digital Technologies in Montenegro’s Tourist offer on the Example of a Hotels in Bar

Abstract

This paper presents an analysis of the current state of the use of digital technologies by the categorized hotel accommodation providers in the Municipality of Bar. The concept of SMART tourism and the use of digital technologies in tourism implies networking of tourist content throughout the country towards getting “smart experience” from local community and creating “smart business ecosystem”. Hotels at the locations need to take advantage of new technologies and include various business, sociocultural, psychological and educational components. Following was analysed: the quality of the internet presence, the level of networking with the local tourist businesses, the use of logistic innovations in tourism and the intensity of the use of social networks. The goal was to identify the level of current digital recognition and the degree of use of information technologies to point out the unused potential for the development of entrepreneurship in the hotel industry.

Open access
The Importance of Intangible Assets in the Hotel Industry: The Case of Croatia and Slovenia

Abstract

Studies show an increasing importance of intangible assets (hereinafter IA) and a positive relationship between IA and company performance. The purpose of this paper is to analyse the importance of IA for Croatian and Slovene hotel companies and to find out whether companies with a higher share of intangibles are also more profitable. The analysis is based on publicly available financial statements for the five-year period, from 2011 to 2015. The results show that the average share of IA presented in the balance sheets of the analysed hotel companies is low in both countries. Moreover, we could not find a statistically significant relationship between the share of IA and the selected financial performance indicators. The results of our study show that despite the emphasised importance of IA in literature, the publicly available financial data of the selected hotel companies provides very limited information on IA for external stakeholders.

Open access