A Geolocation Analytics-Driven Ontology for Short-Term Leases: Inferring Current Sharing Economy Trends

Georgios Alexandridis,George Caridakis,Yorghos Voutos,Phivos Mylonas

doi:10.3390/a13030059

Georgios Alexandridis, George Caridakis + Show 2 more

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https://doi.org/10.3390/a13030059

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Journal: Algorithms	Publication Date: Mar 4, 2020
Citations: 4	License type: CC BY 4.0

Affiliation: University of the Aegean, Ionian University

Abstract

Short-term property rentals are perhaps one of the most common traits of present day shared economy. Moreover, they are acknowledged as a major driving force behind changes in urban landscapes, ranging from established metropolises to developing townships, as well as a facilitator of geographical mobility. A geolocation ontology is a high level inference tool, typically represented as a labeled graph, for discovering latent patterns from a plethora of unstructured and multimodal data. In this work, a two-step methodological framework is proposed, where the results of various geolocation analyses, important in their own respect, such as ghost hotel discovery, form intermediate building blocks towards an enriched knowledge graph. The outlined methodology is validated upon data crawled from the Airbnb website and more specifically, on keywords extracted from comments made by users of the said platform. A rather solid case-study, based on the aforementioned type of data regarding Athens, Greece, is addressed in detail, studying the different degrees of expansion & prevalence of the phenomenon among the city’s various neighborhoods.

Highlights

In the past decade, the sharing economy paradigm demonstrated a shift in how people gain access to and circulate goods
Even though sharing may be viewed as a basic economic behavior in human societies that has been existing for centuries [1], this innovative economic form has been recognized as a divergence from conventional models, because it concentrates not on ownership, but on access to assets and resources [2]
The emergence of the sharing economy has been the result of an array of developments in technology that have the availability of physical and non-physical products easier and simpler through a variety of Information Technology (IT) sources available online [3]

Summary

Introduction

The sharing economy paradigm demonstrated a shift in how people gain access to and circulate goods. The emergence of the sharing economy has been the result of an array of developments in technology that have the availability of physical and non-physical products easier and simpler through a variety of Information Technology (IT) sources available online [3]. In this sense, open-source software, file-sharing programs, online forms of collaboration, and peer-to-peer (P2P) networks are all aspects of this new phenomenon. Airbnb does not own or manage property and allows users to rent any livable space (from a sofa to a mansion) through an online

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