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How Millennials and Generation Z Perceive Sustainable Growth of Accommodation Sharing Platform Business?

Cho, Yoon Cheong

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Abstract

Purpose: The purpose of this study is to investigate factors that affect overall attitudes on accommodations sharing platform businesses and effects of overall attitudes on sustainability of accommodation sharing platform and contribution to the tourism industry with the perspectives of millennials and generation Z. Research design, data and methodology: This study conducted an online survey. This study applied factor, ANOVA, and regression analysis to test hypotheses. Results: The results found that factors including economic, trust, environment, local market facilitation, and the quality of residents’ life affect overall attitudes toward accommodation sharing, while social and experience aspects do now show significance on overall attitudes. Effects of overall attitudes on sustainability of the accommodation sharing platform and contribution to the tourism industry showed significance. Conclusions: The results provide managerial and policy implications. The results implied how millennials and generation Z perceive significant factors such as local market facilitation for economic benefits and environment aspects with usage of accommodation sharing support characteristics of millennials and generation Z. How to foster social aspects to interact with millennials and generation Z and experience aspects to enhance values of the accommodation sharing that shares experiences remained future issues for better development of sharing platform businesses.

Issue Date
2023-02
Publisher
Korea Distribution Science Association
Keywords(Author)
Accommodation Sharing Platform Businesses; Millennials; Generation Z; Sustainability
DOI
10.13106/jidb.2023.vol14.no2.35
Journal Title
The Journal of Industrial Distribution & Business
Start Page
35
End Page
44
ISSN
2233-4165
Language
English
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