Research by Institute Fellows Recognized in The Economist

in Institute News, Significant Bits
April 25th, 2014

Research by Institute Fellows Giorgos Zervas and John Byers, and their student Davide Proserpio was mentioned in The Economist.

 A team at Boston University examined hotel revenues in Texas, where Airbnb has grown much faster in some cities (like quirky, left-wing Austin) than others (like Fort Worth, more of a cowboy town). They could not find a significant influence from Airbnb on business and luxury hotels. But in places where it has established a presence, it cut the revenues of budget hotels by 5% in the two years to December 2013.

[Read the article] [Read their paper]