Bel, G;
Joseph, S;
Mazaira-Font, FA;
(2021)
The effects of moratoriums on hotel building: an anti-tourism measure, or rather protection for local incumbents?
Applied Economics Letters
10.1080/13504851.2021.1927958.
(In press).
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Abstract
In July 2015, the newly elected City Council of Barcelona approved a moratorium on the building of hotels. This study empirically evaluates its effect on hotel prices, using 202,019 daily observations on hotel prices between 2011 and 2017. While the inflow of tourists continued to rise after the moratorium, our synthetic control method finds that hotel prices increased significantly above pre-intervention trends. This suggests that the actual outcome of the moratorium was the protection and promotion of the interests of local industry incumbents.
| Type: | Article |
|---|---|
| Title: | The effects of moratoriums on hotel building: an anti-tourism measure, or rather protection for local incumbents? |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/13504851.2021.1927958 |
| Publisher version: | http://dx.doi.org/10.1080/13504851.2021.1927958 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Rent-seeking, hotel pricing, tourism, synthetic control |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Political Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10128891 |
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