{"title":"Optimal distinctiveness of short-term rental property design","authors":"Huihui Zhang , Florian J. Zach , Zheng Xiang","doi":"10.1016/j.ijhm.2024.103737","DOIUrl":null,"url":null,"abstract":"<div><p>The short-term rental market remains highly competitive, requiring that hosts should identify effective strategies to position their products for desirable performance. This study investigates the optimal balance beyond dyadic choice between differentiating from or conforming to competitors, in the dimensions of properties’ functional and aesthetic design. We hypothesize U-shaped distinctiveness-performance relationships considering high legitimacy pressure and low strategy effectiveness in the short-term rental context. Moreover, the moderating effects of factors including online review volume and listing age are examined. Analyzing a sample of 99,757 Airbnb listings in Texas, the findings reveal different patterns of product positioning between functionality and aesthetics. The moderate degree of distinctiveness in functionalities leads to the worst performance while in aesthetics generating the best outcome. This study contributes to the hospitality literature by introducing and testing optimal distinctiveness within the short-term rental market. The findings also provide positioning guidance for short-term rental listings under different conditions.</p></div>","PeriodicalId":48444,"journal":{"name":"International Journal of Hospitality Management","volume":null,"pages":null},"PeriodicalIF":9.9000,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Hospitality Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0278431924000495","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"HOSPITALITY, LEISURE, SPORT & TOURISM","Score":null,"Total":0}
引用次数: 0
Abstract
The short-term rental market remains highly competitive, requiring that hosts should identify effective strategies to position their products for desirable performance. This study investigates the optimal balance beyond dyadic choice between differentiating from or conforming to competitors, in the dimensions of properties’ functional and aesthetic design. We hypothesize U-shaped distinctiveness-performance relationships considering high legitimacy pressure and low strategy effectiveness in the short-term rental context. Moreover, the moderating effects of factors including online review volume and listing age are examined. Analyzing a sample of 99,757 Airbnb listings in Texas, the findings reveal different patterns of product positioning between functionality and aesthetics. The moderate degree of distinctiveness in functionalities leads to the worst performance while in aesthetics generating the best outcome. This study contributes to the hospitality literature by introducing and testing optimal distinctiveness within the short-term rental market. The findings also provide positioning guidance for short-term rental listings under different conditions.
期刊介绍:
The International Journal of Hospitality Management serves as a platform for discussing significant trends and advancements in various disciplines related to the hospitality industry. The publication covers a wide range of topics, including human resources management, consumer behavior and marketing, business forecasting and applied economics, operational management, strategic management, financial management, planning and design, information technology and e-commerce, training and development, technological developments, and national and international legislation.
In addition to covering these topics, the journal features research papers, state-of-the-art reviews, and analyses of business practices within the hospitality industry. It aims to provide readers with valuable insights and knowledge in order to advance research and improve practices in the field.
The journal is also indexed and abstracted in various databases, including the Journal of Travel Research, PIRA, Academic Journal Guide, Documentation Touristique, Leisure, Recreation and Tourism Abstracts, Lodging and Restaurant Index, Scopus, CIRET, and the Social Sciences Citation Index. This ensures that the journal's content is widely accessible and discoverable by researchers and practitioners in the hospitality field.