Examining the perceived benefits of participation in the sharing economy in Europe: A case study on short-term accommodation

Abstract

The discourse surrounding short-term accommodation frequently revolves around economic impacts, regulatory challenges, technological innovations, and environmental considerations. However, it is crucial to underscore that the evolution of this sector is significantly influenced by public perceptions and experiences with shared short-term lodging. This study delves into the repercussions of engaging in short-term rentals on its perceived advantages in Europe, utilising a large and representative sample across 27 European Union countries (N = 25,297, aged 18–100, M ± SD 47.62 ± 16.81; 49.50% males). Methodologically, logistic regression analyses are employed to discern patterns. The findings highlight (1) noteworthy variations in perceived benefits within countries; (2) the perception of benefits varies based on whether respondents have rented such accommodations, offered their existing space for rent, or acquired new properties for rent; (3) Individuals who have acquired real estate for rental purposes tend to perceive more benefits, such as local development, investment opportunities, additional income for hosts, and increased spending by visitors in the surrounding areas. Experienced renters recognize the benefits of affordable travel and staying in non-touristy neighbourhoods. These results underscore the importance of considering diverse perspectives when formulating policies and regulations for the sort-term rental sector.