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Short-term rentals in Malta: A look at Airbnb listings a

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  • Reuben Ellul

Abstract

New technologies have affected many traditional industries, with disintermediation and innovation changing the manner in which individuals travel, commute or even purchase day-to-day items like food. While popular, many of the international technological plat forms in popular use are hardly regulated. The short-term rental market for tourists has been fundamentally changed by platforms likes Airbnb. This study uses a novel dataset of properties available for rent in Malta during May 2019, and attempts to determine the composition, ownership, utilisation and possible revenue generation potential of these listings. This study finds the number of listings to be similar to other mid-sized population centres in the Mediterranean. It discusses the distribution of the housing stock devoted to short-term rentals and looks at some metrics for pricing, including the pricing of characteristics, and considers the existence of spatially interdependent pricing decisions.

Suggested Citation

  • Reuben Ellul, "undated". "Short-term rentals in Malta: A look at Airbnb listings a," CBM Policy Papers PP/08/2019, Central Bank of Malta.
    • Handle: RePEc:mlt:ppaper:0819
    as

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    File URL: https://www.centralbankmalta.org/file.aspx?f=92632
    File Function: First version, 2019
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Brian Micallef & Silvio Attard, 2015. "Assessing the macroeconomic impact of extending hotel height limitations," CBM Working Papers WP/01/2015, Central Bank of Malta.
    2. Reuben Ellul & Jude Darmanin & Ian Borg, 2019. "Hedonic house price indices for Malta: A mortgage-based approach," CBM Working Papers WP/02/2019, Central Bank of Malta.
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    Cited by:

    1. Brian Micallef & Nathaniel Debono, 2020. "The rental sector and the housing block in STREAM," CBM Working Papers WP/03/2020, Central Bank of Malta.
    2. Reuben Ellul, "undated". "Long-term housing rentals in Malta: A look at advertised listings," CBM Policy Papers PP/02/2020, Central Bank of Malta.

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    4. Reuben Ellul, "undated". "Long-term housing rentals in Malta: A look at advertised listings," CBM Policy Papers PP/02/2020, Central Bank of Malta.
    5. Brian Micallef & Nathaniel Debono, 2020. "The rental sector and the housing block in STREAM," CBM Working Papers WP/03/2020, Central Bank of Malta.

    More about this item

    JEL classification:

    • Z3 - Other Special Topics - - Tourism Economics
    • Z31 - Other Special Topics - - Tourism Economics - - - Industry Studies
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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