Time series analysis of Airbnb house rentals price in the Balkan region

Abstract

Shared accommodation is one of the most recognizable business models of sharing economy. Shared accommodation enables residents to temporarily rent out their properties to others through online platforms for a predetermined price and for a defined period of time. One of the factors which impact the success of the business model is the daily rental price. The research question we raise in this study is related to daily housing rentals price prediction of Airbnb properties. In our case study, we used ARIMA modelling to model and predict housing rentals prices of the properties listed on the Airbnb platform in Ljubljana, Slovenia and Zagreb, Croatia.