Evaluating revenue optimization for a real estate enterprise using Airbnb in Paris - published: 22/07/2024

Extract

[...] We will look at how this creates new opportunities for BK, what potential rivals exist in this new market, what its legal challenges are and, finally, what our preferred course of action ought to be. 3.2 Data collection Most data presented in this paper comes from secondary sources, duly quoted in section VI. In some cases, aggregate data from online databases such as Airdna and Inside Airbnb have been used for projections and insights. Other data comes directly from the Airbnb website and other official publications. [...]

[...] Condé Nas. [online] available at: https://www.cntraveler.com/story/paris-could-pull-43000-airbnb-listings-by-this-june [accessed on 26th April 2018] Chaubal, Audrey (27th January, 2016). "Check-in, ménage : vis ma vie de concierge d'appart Airbnb". L'OBS. [online] available at: https://www.nouvelobs.com/rue89/rue89-economie/20160127.RUE2022/check-in-menage-vis-ma-vie-de-concierge-d-appart-airbnb.html [accessed on 26th April 2018] Coyle, Diane; Yu-Cheong Yeung, Timothy (2017). "Understanding AirBnB in Fourteen European cities". Toulouse School of Economics. [online] available at: https://www.tse-fr.eu/sites/default/files/TSE/documents/ChaireJJL/PolicyPapers/2016_30_12_pp_understanding_airbnb_in_14_european_cities_coyle_yeung_v.3.1.pdf [accessed on 26th April 2018] Faur, Fabienne; Morel, Anne-sophie (12th April 2018). "Paris to sue Airbnb over undeclared listings". [...]

[...] [online] available at https://www.afp.com/en/news/826/paris-sue-airbnb-over-undeclared-listings-doc-13y2153 [accessed on 26th April 2018] France 24 (27th February, 2015). "Airbnb vows to comply with Paris Lodging tax" [online] available at http://www.france24.com/en/20150226-paris-airbnb-cooperate-home-rental-hotels-chesky-france/ [accessed on 26th April 2018] Guttentag, Daniel Adams (2016). "Why tourists choose Airbnb: A motivation-based segmentation study underpinned by innovation concepts". University of Waterloo. [online] available at: https://uwspace.uwaterloo.ca/bitstream/handle/10012/10684/Guttentag_Daniel.pdf [accessed on 26th April 2018] Inside Airbnb (2018) "Adding data to the debate: Paris". [online] available at: http://insideairbnb.com/paris/?neighbourhood=&filterEntireHomes=false&filterHighlyAvailable=false&filterRecentReviews=true&filterMultiListings=false [accessed on 26th April 2018] Jefferson-Jones, Jamila (2015). [...]

[...] Two years of disputes later, and Paris is still fighting Airbnb. According to the current deputy mayor for housing, Ian Brossat, Airbnb isn't removing renters who deliberately violate the law by not registering online for a mandatory tax ID. Officials already fined Airbnb up to $6,200 per home per day for all listings that do not apply for a tax registration number. The company paid a total of $1.6 million in fines in 2017-and has already spent $603,000 this year: "Airbnb has not made the slightest effort and has even explicitly refused to withdraw the ads" he said (Lebelle, 2018). [...]

[...] Specifically, we are evaluating whether the Paris market would allow for a fruitful cooperation and profit optimization on for our enterprise as well as on behalf of our clients. 2. Research 2.1 Background Extant literature indicates that Airbnb is in the process of revolutionizing short and long term rentals alike, in Paris and in the rest of Europe alike (Coyle et Yu-Cheong Yeung; 2017: 9). Its numbers have swelled so much that it can now compete in numbers with more traditional forms of short term housing, such as the hotelier industry (Perret; 2011: and with real estate agents. [...]