Economic impacts of digital home-sharing platform: Creative destruction in the hospitality industry
- Title
- Economic impacts of digital home-sharing platform: Creative destruction in the hospitality industry
- Author
- 구자근
- Keywords
- accommodation industry; creative destruction; digital home-sharing platforms; digital transformation; restaurant industry
- Issue Date
- 2024-05-10
- Publisher
- SAGE PUBLICATIONS LTD
- Citation
- TOURISM ECONOMICS, page. 1-20
- Abstract
- This paper describes an empirical study that was conducted by applying creative destruction theory to examine structural changes in the hospitality industry due to the growth of digital home-sharing platforms. To achieve these research aims, the current study considered the hospitality industry, which encompasses the accommodation and restaurant sectors, as well as Airbnb, representing the digital home-sharing platform. The findings revealed that there is a significant relationship between the exit of the accommodation industry and the supply of the digital home-sharing platform, while both entry and exit in the restaurant industry are significantly associated with the supply or performance of the digital home-sharing platform. Over time, this leads to industry transformations as certain segments of the lodging industry are replaced by digital home-sharing platforms, and as the restaurant industry undergoes a process of creative destruction, with establishments unable to adapt to changing business environments and the emergence of new facilities tailored to new technologies or accommodation models.
- URI
- https://journals.sagepub.com/doi/full/10.1177/13548166241253888https://repository.hanyang.ac.kr/handle/20.500.11754/191270
- ISSN
- 1354-8166; 2044-0375
- DOI
- https://doi.org/10.1177/1354816624125388
- Appears in Collections:
- COLLEGE OF BUSINESS AND ECONOMICS[E](경상대학) > BUSINESS ADMINISTRATION(경영학부) > Articles
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