Evaluating the Impact of Airbnb on Social Equality

Abstract

This research paper aims to investigate the development and impact of Airbnb on social, economic, and cultural dimensions, with a focus on its negative impacts on social equality and gentrification. The paper argues that Airbnb gentrifies local communities through the creation of short-term rent gaps, leading to rising housing prices, displacement of long-term users, and social injustice. Using data retrieved from the website of the UK government and Insideairbnb, this study examines the relationship between Airbnb and the well-being of London residents using linear regression. The results show a close correlation between Airbnb and rising housing prices, a fair correlation with decreasing greenery, transportation, and average income levels, and no significant correlation with average life expectancies. The correlation between these variables highlights the negative externalities associated with social justice that have arisen from Airbnb's proliferation. Considering that the growth of Airbnb in London has led to negative consequences for residents' well-being, policymakers should mitigate these impacts while monitoring Airbnb's growth to promote social justice and equitable outcomes for all residents.