Peer-to-peer accommodation and sharing economy from tourists’ perspective

Airbnb has become one of the largest accommodation companies in the world if counted by the rooms available. Its rapid growth has been enabled by a phenomenon known as sharing economy. People are less inclined to own things and are getting used to share what they own with other people. Peer-to-peer accommodation happens when a person rents an apartment or a room they own to other person and this is typically enabled by digital platforms such as Airbnb. We wanted to study how this peer-to-peer accommodation phenomenon is shaping tourist behavior results from three different studies are now available online, elaborating what is important in peer-to-peer accommodation from traveler perspective.

Sharing economy and peer-to-peer accommodation
Source: https://intelligence.slice.com/airbnb-bookings-59-percent-muted-major-markets/

How is peer-to-peer accommodation shaping travel behavior?

In the first study we found out that sharing economy and peer-to-peer accommodation especially are good for tourism destinations. Availability of peer-to-peer accommodation enables wider selection of destinations for tourists, increase length of stay, travel frequency and number of activities tourists participate in the destination. Especially travelers’ desires for more meaningful social interactions with locals and unique experiences in authentic settings drive them to travel more often, stay longer, and participate in more activities.

Tussyadiah, I. P., & Pesonen, J. (2016). Impacts of peer-to-peer accommodation use on travel patterns. Journal of Travel Research, 55(8), 1022-1040.

What drives and hinders peer-to-peer accommodation use?

In the second study we explored the market characteristics and the factors that drive and hinder the use of P2P accommodation to better explain the phenomenon of collaborative consumption in the tourism and hospitality marketplace. Using responses from travellers residing in the United States and Finland, exploratory factor analyses revealed two factors that drive the use of P2P accommodation: social appeal (desire for community and sustainability) and economic appeal (cost savings). The barriers include issues of trust, efficacy and familiarity with the system, and cost.

Tussyadiah, I. P., & Pesonen, J. (2016). Drivers and barriers of peer-to-peer accommodation stay–an exploratory study with American and Finnish travellers. Current Issues in Tourism, 1-18.

Airbnb and sharing economy is shaping tourism
Peer-to-peer accommodation

What kind of peer-to-peer accommodation users there are?

In the third study we examined the drivers of peer-to-peer accommodation in more detail and focused on different P2P accommodation user groups. We found out that the major drivers affecting the use of P2P accommodation services are the age of consumers, active use of the Internet and online technologies, and the frequency of international travel. Cluster analysis identified two user profiles corresponding to consumer motivations for using P2P accommodation services. The first consumer group uses P2P accommodation services to make their trips more convenient, while the second uses them mostly for social reasons.

Pesonen, J. & Tussyadiah, I. (2017). Peer-to-peer accommodation: drivers and user profiles. In Dredge, D., & Gyimóthy, S. (Eds.) Collaborative Economy and Tourism. Perspectives, Politics, Policies and Prospects. Springer. pp. 285-303. http://www.springer.com/gp/book/9783319517971

Why study hospitality, travel, and tourism?

The main reason to study hospitality, travel and tourism is to work in the field. Hotels, airlines, destination, attractions, transportation, cruises, events, activity providers, shopping centers, tourist services, travel agents, tour operators and many others together form together a huge industry. It is a  practice-oriented field and an interesting one. It is in constant growth and needs more and more skilled workers and innovators every year. There are so many good reasons why you should study hospitality, travel, and tourism:

Tourism is a service industry

Everywhere in the Western world service industries are booming. One of these industries is travel and tourism. By studying tourism you position yourself right in the very center of service. You will learn skills that are transferable to many other industries. Being a service and human-to-human industry, it is also one of those that will need hard-working and creative people in the future.

Tourism is an experience economy

Most jobs in the tourism industry are about creating experiences for the traveler. This is what makes this industry especially interesting. When you are studying tourism you will learn how to create these memorable experiences. When you are working in the industry, you will need to be able to adapt and improvise what you have learned as

Every day is different

No matter where you study or what position you get in the tourism industry, it is guaranteed that almost every day is different. You will meet new people that come all around the world and they will make sure that no day is like another. Every tourist has different expectations, motivations, moods, experiences and opinions that will make your job interesting and also most likely a little bit challenging.

Dubai is witnessing the growth of tourism
Tourism is growing

Tourism is witnessing huge global growth every year and it is forecast to grow far into the future. It is definitely an industry of the future. Growth means that more and more skilled workers are needed all over the world. By studying tourism you give yourself the skills and knowledge to be a part of this growth.

Tourism is global

First and foremost tourism is a global industry. From Antarctica to space there are tourists everywhere. By studying tourism only the sky is the limit (well, actually, not even that!) to where you can work and what you can do.

Tourism is local

Despite being a global industry, it is also very local. Most of the tourism businesses are small- and medium-sized companies that provide income and jobs for local people. When you are working for the tourism industry there are many possibilities for you to contribute to your local community.

You get to travel

There are many positions in the field that enables you to travel a lot. You have to familiarize yourself with tourism destinations, attractions, and services, maybe guide tourists in exotic places or do research in foreign countries. Travel broadens your perspective on everything and tourism industry has plenty of possibilities to travel.

Tourism is fun

Tourism might not be the best option if you want to earn a lot of money. But if you value other things such as having fun, meeting new people,  enjoying life and doing what you like, tourism and hospitality offers plenty of options. People studying and working in the field are typically relaxed, outgoing and international.

Where to study travel, tourism, and hospitality?

There are plenty of fantastic opportunities to study tourism all around the world. One of these opportunities is the International Master’s Degree Programme in Tourism Marketing and Management at University of Eastern Finland. This program provides you the knowledge and skills required to work in various development positions in the tourism industry and take the field forward with your actions. It is ranked No2 in Finland in Shanghai University Ranking. You can also use the Shanghai ranking to find out other universities all around the world!

 

Welcome to Tourism Marketing and Management

Koli, tourism marketing and management
Picture by Karelia Expert

Welcome to the blog of International Master’s Degree Programme in Tourism Marketing and Management by University of Eastern Finland. This blog is an essential part of the programme and will bring forth the ideas and news from the programme. We aim to build a significant international platform for making tourism better with this programme and the blog. 

The programme will start during Autumn 2017. The programme seeks to attract students from Europe and Asia in particular. The programme is also open to Finnish students interested in tourism studies and holding a relevant Bachelor’s degree. The international nature of the programme makes it possible to create new networks and showcase Finland’s strengths in tourism globally, as well as to obtain new information about tourists coming from abroad.

This kind of a programme in tourism marketing and management hasn’t existed in Finland before, and the programme’s strong focus on tourism marketing will bring new life to the Finnish tourism sector. The key themes of the two-year Master’s degree programme are built around the strengths and opportunities of tourism in eastern Finland: nature, well-being, sustainable tourism, and digitalisation. The launch of the new Master’s Degree Programme in Tourism Marketing and Management shows that the University of Eastern Finland is confident in the positive development of the Finnish tourism sector and wants to play a role in supporting that development. Already now, tourism is a major financial factor in North Karelia and elsewhere in Finland. Globally, the tourism sector is growing by several per cent every year.

Konnevesi National Park, Finland
Konnevesi National Park, Finland

The Master’s degree programme will collaborate closely with local, national and international tourism sector companies and other actors. This collaboration is based on close interaction, with the aim of jointly developing business activities and finding solutions for any possible challenges discovered. Graduates of the Master’s degree programme will understand the role of digitalisation, customer care, customer motivation, environmental aspects and nature for the business activities of tourism companies, and they will be able to translate their understanding of these aspects into practical activities. The programme’s graduates will have the skills needed to work in a variety of different roles, for example as entrepreneurs, marketing managers, experts, coordinators, community managers and other positions involving customer relations.

The application period to the Master’s Degree Programme in Tourism Marketing and Management will be open from 1 December 2016 to 13 January 2017. For further information, please see the programme website at www.uef.fi/tmm.

For further information, please contact:

Programme coordinator Juho Pesonen, tel. +358 40 184 2698, juho.pesonen(at)uef.fi