IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v30y2024i1p267-274.html

The impact of the tourism accommodation composition on housing prices: The case of Croatia

Author

Listed:
  • MaruÅ¡ka Vizek
  • Tajana Barbić
  • Anita ÄŒeh ÄŒasni

Abstract

The adverse effects booming tourism activity and peer-to-peer platforms on housing markets are well known, while the influence of relative changes in tourism accommodation composition on housing prices are not well understood. To shed more light on the issue, this paper employs the data set on housing prices and its main tourism, economic, and demographic determinants, for cities and municipalities in a tourism-dependent country. The results suggest more intensive tourism demand and the conversion of housing stock into rentals boost housing prices. The increase in the share of short-term rentals depresses prices, while in destinations where hotels and campsites become more prevalent prices increase. These findings could be attributed to the pricing-in effects of an increased supply of tourism amenities developed as part of hotels’ and campsites‘ product mix that improve the quality of life, and lower quality of life experienced at destinations where rentals are becoming more prevalent.

Suggested Citation

  • MaruÅ¡ka Vizek & Tajana Barbić & Anita ÄŒeh ÄŒasni, 2024. "The impact of the tourism accommodation composition on housing prices: The case of Croatia," Tourism Economics, , vol. 30(1), pages 267-274, February.
    • Handle: RePEc:sae:toueco:v:30:y:2024:i:1:p:267-274
    DOI: 10.1177/13548166231180417
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/13548166231180417
    Download Restriction: no
    File URL: https://libkey.io/10.1177/13548166231180417?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wei Chen & Zaiyan Wei & Karen Xie, 2022. "The Battle for Homes: How Does Home Sharing Disrupt Local Residential Markets?," Management Science, INFORMS, vol. 68(12), pages 8589-8612, December.
    2. Agustín Cócola Gant, 2016. "Holiday Rentals: The New Gentrification Battlefront," Sociological Research Online, , vol. 21(3), pages 112-120, August.
    3. Koster, Hans R.A. & van Ommeren, Jos & Volkhausen, Nicolas, 2021. "Short-term rentals and the housing market: Quasi-experimental evidence from Airbnb in Los Angeles," Journal of Urban Economics, Elsevier, vol. 124(C).
    4. Morales-Alonso, Gustavo & Núñez, Yilsy M., 2022. "Dragging on multilisting: The reason why home-sharing platforms make long-term rental prices increase and how to fix it," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    5. Kyle Barron & Edward Kung & Davide Proserpio, 2021. "The Effect of Home-Sharing on House Prices and Rents: Evidence from Airbnb," Marketing Science, INFORMS, vol. 40(1), pages 23-47, January.
    6. Jorge Sequera & Jordi Nofre, 2020. "Touristification, transnational gentrification and urban change in Lisbon: The neighbourhood of Alfama," Urban Studies, Urban Studies Journal Limited, vol. 57(15), pages 3169-3189, November.
    7. Do, A Quang & Grudnitski, Gary, 1995. "Golf Courses and Residential House Prices: An Empirical Examination," The Journal of Real Estate Finance and Economics, Springer, vol. 10(3), pages 261-270, May.
    8. Garcia-López, Miquel-Àngel & Jofre-Monseny, Jordi & Martínez-Mazza, Rodrigo & Segú, Mariona, 2020. "Do short-term rental platforms affect housing markets? Evidence from Airbnb in Barcelona," Journal of Urban Economics, Elsevier, vol. 119(C).
    9. Horn, Keren & Merante, Mark, 2017. "Is home sharing driving up rents? Evidence from Airbnb in Boston," Journal of Housing Economics, Elsevier, vol. 38(C), pages 14-24.
    10. Mikulić, Josip & Vizek, Maruška & Stojčić, Nebojša & Payne, James E. & Čeh Časni, Anita & Barbić, Tajana, 2021. "The effect of tourism activity on housing affordability," Annals of Tourism Research, Elsevier, vol. 90(C).
    11. Anderson, Soren T. & West, Sarah E., 2006. "Open space, residential property values, and spatial context," Regional Science and Urban Economics, Elsevier, vol. 36(6), pages 773-789, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ilaria Rossi & Stefano d'Addona, 2025. "The impact of Airbnb on long-term rentals, population, and college enrollments: Empirical evidence from an Italian university town," Tourism Economics, , vol. 31(8), pages 1674-1701, December.
    2. Fikru K Alemayehu & Subal C Kumbhakar & Gudbrand Lien, 2025. "Economic impacts of tourism demand on the European food and accommodation industry," Tourism Economics, , vol. 31(4), pages 651-669, June.
    3. Mingzhi Xiao & Takara Sakai & Daisuke Murakami & Yuki Takayama, 2025. "When Does Tourism Raise Land Prices? Threshold Effects, Superstar Cities, and Policy Lessons from Japan," Papers 2509.04307, arXiv.org.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Časni Anita Čeh & Filić Josipa, 2022. "Tourism housing price nexus," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 8(2), pages 53-65, December.
    2. Devane, Katie & Kelly, Allan & Slaymaker, Rachel, 2025. "Profiling short-term let usage across Ireland," Research Series, Economic and Social Research Institute (ESRI), number RS208.
    3. Patrick Gauß & Sonja Gensler & Michael Kortenhaus & Nadine Riedel & Andrea Schneider, 2024. "Regulating the sharing economy: The effects of day caps on short- and long-term rental markets and stakeholder outcomes," Journal of the Academy of Marketing Science, Springer, vol. 52(6), pages 1627-1650, November.
    4. Ilaria Rossi & Stefano d'Addona, 2025. "The impact of Airbnb on long-term rentals, population, and college enrollments: Empirical evidence from an Italian university town," Tourism Economics, , vol. 31(8), pages 1674-1701, December.
    5. Brunstein, Daniel & Casamatta, Georges & Giannoni, Sauveur, 2025. "Using machine learning to estimate the heterogeneous impact of Airbnb on house prices: Evidence from Corsica," Journal of Housing Economics, Elsevier, vol. 67(C).
    6. Garz, Marcel & Schneider, Andrea, 2023. "Data sharing and tax enforcement: Evidence from short-term rentals in Denmark," Regional Science and Urban Economics, Elsevier, vol. 101(C).
    7. David M. Harrison & Michael J. Seiler & Liuming Yang, 2024. "The Impact of iBuyers on Housing Market Dynamics," The Journal of Real Estate Finance and Economics, Springer, vol. 68(3), pages 425-461, April.
    8. Duncan, Denvil & Ross, Justin, 2025. "The effect of Airbnb on housing prices: Evidence from the 2017 solar eclipse," ZEW Discussion Papers 25-027, ZEW - Leibniz Centre for European Economic Research.
    9. Lauriane Belloy, 2022. "Short-term rental revenues after the lockdown : An advantage for natural areas but always in dense rental spaces," Working papers of Transitions Energétiques et Environnementales (TREE) hal-03671537, HAL.
    10. Navid Safari & Lei Zhang & Timothy M. Komarek, 2025. "The impact of short-term rental activity on house prices: evidence from coastal Virginia," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(1), pages 1-33, March.
    11. Duso, Tomaso & Michelsen, Claus & Schaefer, Maximilian & Tran, Kevin Ducbao, 2024. "Airbnb and rental markets: Evidence from Berlin," Regional Science and Urban Economics, Elsevier, vol. 106(C).
    12. MaruÅ¡ka Vizek & NebojÅ¡a StojÄ ić & Josip Mikulić, 2023. "Spatial spillovers of tourism activity on housing prices: The case of Croatia," Tourism Economics, , vol. 29(5), pages 1376-1390, August.
    13. Páscoa, Jorge & Peralta, Susana & Pereira dos Santos, João, 2026. "Touristification and the Unequal Incidence of Housing Shocks: Evidence from Tax Records," IZA Discussion Papers 18666, IZA Network @ LISER.
    14. Anastasi, Sebastian C. & Marsella, Alexander & Melo, Vitor & Stephenson, E. Frank & Wagner, Gary A., 2025. "Short-term rental bans and the hotel industry: Evidence from New York city," European Journal of Political Economy, Elsevier, vol. 89(C).
    15. Lauriane Belloy, 2022. "Short-term rental revenues after the lockdown : An advantage for natural areas but always in dense rental spaces," Working Papers hal-03671537, HAL.
    16. David Boto-García & José Francisco Baños-Pino & Eduardo Del Valle & Inés Sustacha, 2023. "Vacation rental market regulation and accommodation supply growth," Tourism Economics, , vol. 29(6), pages 1551-1576, September.
    17. David López-Rodríguez & María de los Llanos Matea, 2019. "Recent developments in the rental housing market in Spain," Economic Bulletin, Banco de España, issue SEP.
    18. Anne-Cécile Mermet, 2022. "Can gentrification theory learn from Airbnb? Airbnbfication and the asset economy in Reykjavík," Environment and Planning A, , vol. 54(6), pages 1147-1164, September.
    19. Gorkem Turgut Ozer & Brad N. Greenwood & Anandasivam Gopal, 2024. "Noisebnb: An Empirical Analysis of Home-Sharing Platforms and Residential Noise Complaints," Information Systems Research, INFORMS, vol. 35(4), pages 1824-1847, December.
    20. Cigdem Gedikli & Robert Hill & Oleksandr Talavera & Okan Yilmaz, 2026. "Online real estate agencies and their impact on the housing market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 54(2), pages 540-579, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:30:y:2024:i:1:p:267-274. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.