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Title: Deconstructing Airbnb: Pricing, Seasonality, and Optionality in the Sharing Economy
Authors: Tang, Timothy
Advisors: Mulvey, John
Department: Operations Research and Financial Engineering
Certificate Program: Center for Statistics and Machine Learning
Finance Program
Class Year: 2020
Abstract: The rapid growth of Airbnb, a virtual platform that allows users to quickly and efficiently rent and lease property, has caused significant disruption in the hospitality and real estate markets. Blurring the lines between hotel, rental, and residential properties, its short-term nature, accessibility, and versatility make it a promising resource for information-gathering and potential investment. We examine the relationship between Airbnb and broader economic factors by creating a regime-based market model through conventional economic metrics. We then use Monte Carlo simulation to evaluate pricing and listing strategies for a potential Airbnb property.
Type of Material: Princeton University Senior Theses
Language: en
Appears in Collections:Operations Research and Financial Engineering, 2000-2020

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