New study quantifies the economic cost of 2018 red tide

A new study recently published in the journal Tourism Economics by the University of Florida has quantified the financial shock that the 2018 bloom had to Florida’s economy, using the Airbnb market as a gauge of the broader impacts. For the study — which was funded by the Gulf of Mexico Coastal Ocean Observing System and NOAA’s National Centers for Coastal Ocean Science — researchers reviewed Airbnb property and reservation data.