Airbnb and Housing Commodification in Small Tourist Cities in Southern Chile

The platformization of urban space is opening new frontiers of capital accumulation, particularly through short-term rentals. Airbnb plays a central role in this process by commodifying housing in tourist destinations. Despite its rapid growth, research on Airbnb in Latin America—especially in small tourist cities—remains limited and largely focused on metropolitan contexts. This article addresses this gap with the objective of analyzing how platform-mediated short-term rentals reorient housing markets beyond traditional urban cores. It is hypothesized that Airbnb expands housing commodification by extending tourism-oriented uses into new residential areas and by redistributing returns unevenly across actors. Using a quantitative and geospatial approach, the results reveal a strong presence of Airbnb in rural and natural areas, from which the highest returns are extracted, as well as a high concentration of accommodation supply among professional hosts. These dynamics reconfigure housing use toward asset-based logics, posing challenges for housing security and social and territorial sustainability in small tourist cities.