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AirDNA, which sells data on the short term rental market, is checking out of its Platte St. Galvanize office of two years. In August the startup will move into a LoDo office four times the size at 1523 15th St. as it prepares to nearly double its Denver staff in the next six months.
AirDNA also employs 20 people in Barcelona for the startup’s sales, customer service and PR workers, while Shatford leads his core tech employees in Denver. The company scrapes web data on Airbnbs and other short-term rentals and assembles reports on pricing, occupancy rates and other metrics for real estate investors and other entities looking to better understand the short-term rental industry.
The new legislation would dramatically cut Airbnb’s New York City bookings, as the city promises to use the data to lead a sweeping crackdown on short-term home rentals. Airbnb takes about 15 percent of the revenue from bookings, or what users pay to rent homes and apartments on the platform. Airbnb and its hosts are on track to generate about $140 million in gross bookings in New York City this year, said people familiar with the matter. That number is expected to drop by at least half when the new legislation goes into effect in January, said the people, who asked not to be identified because the financial details are private.
That loss would be tiny compared to Airbnb’s revenue from bookings globally, but the proposed legislation raises questions about Airbnb’s growth prospects as more cities take a harder line on home-rentals. The Silicon Valley hospitality giant is on track to generate about $3.6 billion in bookings around the world this year, said the people. The company was last valued by investors at $31 billion.
Dubai’s expensive short-term rentals, averaging $185 a night in Bloomberg’s index, probably are a function of high hotel rates in the Emirati city, where more than 70 percent of hotel rooms are four-star or above, said Ivana Gazivoda Vucinic of the international real estate firm Chestertons. Dubai’s supply of Airbnb units more than doubled to 3,249 units in the two years ended August 2017, following a relaxing of government regulations, according to Vucinic’s research on Dubai’s short-term rental market.
Dubai has spent billions to pump up its tourism sector and hopes to attract 20 million visitors to the city by 2020, up from 15.8 million visitors last year, according to figures from Dubai’s Department of Tourism and Commerce Marketing. Two U.A.E.-sponsored airlines, Emirates and Etihad Airways PJSC, have been among the world’s fastest-growing carriers in recent years. Should Dubai reach the 20 million visitor goal, it will be among the top five most visited cities globally, according to market research firm Euromonitor.
The number of Airbnb listings in Santa Monica has decreased by 17 percent in the past year, following a city-wide enforcement effort and recent judge’s ruling intended to crack down on illegal listings, according to data from AirDNA, a Denver-based tracking firm. There were 1,016 total available listings in Santa Monica in June 2018, compared to 1,215 in June 2017, including entire homes, private rooms and shared rooms for rent.
Despite the decline, the number of listings in June was still more than triple the number of operators legally registered with the city.
“Airbnb has been surprisingly resilient to the impacts of regulation in Santa Monica. There are more entire home rentals today then there were three years ago when home sharing was first banned in the city,” said AirDNA CEO Scott Shatford, who was the first rental operator to be successfully prosecuted under Santa Monica’s tough ordinance in 2016. Shatford paid $3,500 in fines after striking a plea deal for running five illegal Airbnbs.
How much do Atlanta visitors—or staycationing metro Atlantans—value proximity to the city’s great parks?
If Airbnb revenues are any barometer, the answer is parks are paramount. For Curbed’s inaugural Play Week, we analyzed results from the online hospitality service to determine which Atlanta homes and condos (with at least five reviews) have been the biggest hits, based on earnings in the past year. (CLARIFICATION: Results were tabulated using a MarketMinder tool via AirDNA, an independent data company that tracks vacation rentals around the world).
PERTH Airbnb listings are approaching 11,000 properties and some hosts are raking in more than $100,000 a year offering their entire suburban homes for short-stay accommodation.When the service launched, it was billed as a means of bringing in cash on the side by offering a spare room or granny flat to tourists.
Now, listings of entire homes and apartments dominate the platform in Perth, earning owners more than $54 million last year according to analytics firm Airdna.According to the Airdna website, the city’s highest earner — bringing in $184,131 a year — was a six-bedroom, four-bathroom Scarborough home, capable of sleeping 13 guests and complete with a kitchen on each of its two levels.
The region’s hotels book around 10 million rooms each year, according to the Charlotte Regional Visitors Authority. Across North Carolina, only 2 percent of overnight stays occurred in “shared economy” lodgings, including Airbnb, according to the state’s tourism bureau.
If this exponential growth increases, however, expect more pressure on the city to regulate Airbnb from the powerful hospitality industry.
The property market in London has changed massively over the last few years and it’s hard to know where you should be buying property if you’re looking for that next buy-to-let that’s not only got good yields but is going to give you a good profit in the future.
Now more than ever landlords are looking to be savvy with their property purchases, so Portico have done the research to pull together five areas of London you should be looking to invest, to get the best prices and the best yields.
El catálogo de pisos turísticos ofrecido en Airbnb se ha disparado en las grandes ciudades españolas. Tanto, que en abril de este año la plataforma de internet ofrecía 46.812 inmuebles en las cuatro urbes más pobladas de España (Madrid, Barcelona, Valencia y Sevilla). Durante el cuarto mes de 2016, esta cifra no alcanzaba los 30.000 apartamentos.
Son las cifras que maneja AirDNA, consultora especializada en la recopilación de datos de Airbnb en todo el mundo y a las que ha tenido acceso ABC. El crecimiento de los pisos turísticos de la compañía, líder en este mercado en España, ha provocado que la oferta de apartamentos haya pasado en Sevilla capital de 2.472 viviendas de uso turístico en agosto de 2015 a 6.227 el pasado abril, más del doble.
Cape Town has long been Airbnb’s most popular African destination, but that lead is slipping as tourists make bolder moves to undiscovered spots on the continent.
South Africa’s “Mother City” remains the top destination for Airbnb’s more than 100,000 listings in Africa and the third most popular city in the southern hemisphere after Sydney and Melbourne. After an analysis at the end of the 2017/2018 summer season in the southern hemisphere, Airbnb noticed new African cities and countries coming on board.
The report used data scraped by AirDNA, an unaffiliated company that collects and analyzes data from Airbnb listings. But an AirDNA spokeswoman said that the report by the comptroller, Scott M. Stringer, came to “flawed conclusions,” and that Airbnb had no material impact on city rents.
“At no point did the comptroller contact AirDNA to ask for guidance or our professional expertise on how to read the data, leading to several crucial errors in his interpretation of the numbers,” Abigail Long, the spokeswoman, said in a statement. Sascha Owen, a spokeswoman for the comptroller, stood by the report’s conclusions, saying it “took an empirical, data-driven approach to assessing this Airbnb effect and shared it with the public.”
A growing number of travelers, though, stayed at short-term rentals. About 5 percent of all visitors rented a residence or a room in a home, up from 3.7 percent in 2016. Platforms like Airbnb were once considered "disruptors" by the bureau, which works hand-in-hand with area hotels. But with Airbnb and HomeAway's new tax deals with South Florida governments, the bureau is working to better track their performance and impact on the local tourism economy, as it does with hotels.
The bureau plans to use AirDNA, an independent website that scrapes Airbnb's listings, to track the performance of short-term rentals in the areas of Miami-Dade County where they operate legally. According to bureau analysis, Airbnb is not negatively impacting hotel performance, said Rolando Aedo, the GMCVB's chief operating officer, though the industry continues to grow.
With the number of entire properties on Airbnb sitting at 22,482 right now, the popular site has seen an impressive 43% growth in the last 12 months. Although there are some definite trends around where Airbnb is already a success, there are also some surprising up-and-coming hotspots.
Areas which stand out for both the absolute volume of entire properties listed and growth year on year are Kensington and Chelsea and Tower Hamlets. This isn’t a surprise, with popular spots Chelsea and Shoreditch located here. AirDNA data* shows that Kensington and Chelsea saw a 47% rise in booked listings year on year, with a record 2629 booked listings in March 2018. Similarly, Tower Hamlets saw a 50% rise in booked listings, with 2263 booked listings reported in March 2018.
It’s a question that pops up in almost every trip planned: Where do you want to stay? These days, travelers are more likely to be choosing between a traditional hotel and a home or apartment rental.
As part of MONEY’s Best in Travel, we analyzed hotel room and Airbnb apartment rental rates in nearly 300 cities to determine where it makes the most sense to stay in each type of lodging.
The vacation rental market is one of the most exciting and dynamic parts of the travel landscape today. It is changing on many levels from how the business is run to what kind of customer will stay in a rental. Underpinning the whole ecosystem is a network of different technologies.
We view it as essential for leaders in the space, regardless of role, to understand how this complex system operates. In this report, we provide an overview of the vacation rental market and a deep dive into the different components of its technology stack. We also analyze the many stakeholders in this technology marketplace and how they vary from one another. We close with our outlook for the space.
The 63-year-old has now carved a niche as Australia’s Airbnb host with the most. According to the popular online booking platform’s latest data, Ms Champion made just over $250,000 out of listing her Palm Beach property on Airbnb in the year to August 31, 2017, ranking her as the nation’s top performer. She lets out her five-bedroom home at a flat rate of $2000 a night plus a $500 cleaning fee. “I’m just a massive Airbnb fan. It works well for the host, in terms of generating extra money from your asset, and it’s safe for the guest. “I’ve been an entrepreneur my whole life and I don’t want to employ people anymore so I do it all myself. It’s a chance for me to make a substantial income."
As the new law requiring hosts to register with the city went into effect in San Francisco, the room-sharing company had no choice but purge more than 4,500 listings. How has this impacted the local short-rental business, compared to other California metros?
The recent Airbnb restrictions and regulations that have gone into effect in San Francisco seem to have had little effect on the total number of Airbnb listings in the metro, AirDNA data suggests. Airbnb reportedly deleted more than 4,500 San Francisco illegal rentals from its site, but in most cases, either the listings were inactive or the properties were located outside the city. This explains why, out of a total of 11,000 properties listed on Airbnb as of December last year, AirDNA’s algorithm only took into account a little less than 7,000. But comparing the metro’s short-term rental situation with the one of other large California metros paints a more detailed picture.
Ask Harvey Hernandez about his upcoming real estate project in Kissimmee, Florida, and he’ll respond with the easy charm and outsized boasts endemic to his industry. The 324-unit complex near central Florida’s Disney World, the first of a string of tourism-related developments springing up across the U.S. under the Niido brand name, will merely “change the way people live.”
“It’s the reason we get up in the morning,” says Hernandez, who once used a Tesla X as the sweetener in a deal to sell his multimillion-dollar Brickell condo.
According to Hostmaker, which analysed data from AirDNA, Newham tops the list with an impressive 6.8% return on investment, with Havering and Greenwich offering investors 6.5% and 5.7% respectively over the last 12 months.
With the average price of property in Newham currently £363,126, local hosts have been receiving high levels of interest in their properties, with occupancy levels surpassing 55.5%, putting the East London borough top of the list for returns on investment on properties.
More than 700 new listings in San Antonio were added to Airbnb in 2017, resulting in the highest growth rate in Texas, as technology improves and more people choose short-term rental properties rather than hotels.
The Alamo City, which added 701 new listings in 2017, ended the year with 1,656 total units available for rent on Airbnb. When comparing the monthly average number of listings from 2016 and 2017, San Antonio led Texas with the highest percentage increase of new listings at 82.7 percent year over year.
San Antonio was outdone only by Austin in the number of new Airbnb units added with 1,602 listings, though Austin had the state's lowest percent change year over year with only a 29.3 percent increase.
Almost one in three Irish Airbnb hosts rented out houses other than their own last year as 1.2 million overseas guests used the service, a report has shown.
The home-sharing website has been criticised for not weeding out landlords who rent their properties for short periods without planning permission. The practice is controversial because it takes housing stock from the private rental market in areas of high demand. In 2016, landlords letting through Airbnb earned almost double the average rent in Dublin. In its first Irish “insights report” published yesterday, Airbnb said that there were 8,500 active listings for spare rooms and entire homes in Dublin, with the typical Irish host earning €3,500 a year.
These days traveling is arguably more affordable than ever before, thanks to budget airlines and ride-sharing, among many other factors. When it comes to finding a place to stay, however, a traditional hotel room will still cost you a pretty penny most of the time. Thankfully, the rise of the sharing economy has given people traveling on a budget a multitude of options to get around pricey hotel rooms, whether it's couch surfing or Airbnb. Both of these services definitely give hotels a run for their money but how much can the latter actually save you in major cities around the globe?
German hotel reservation website HRS recently released data on hotel prices in various cities, finding that New York is the most expensive, with a room averaging $306 a night. Website AirDNA tracks and analyzes the Airbnb market and according to their data, a room booked through the service would only average $187 a night by comparison. That would give travelers an extra $119 in their back pocket to splurge on all The Big Apple has to offer. Of course, cooking in an Airbnb and avoiding restaurants could also save a couple more bucks.
Airbnb usage continues to be on the up and up in Dallas, with booked listings increasing by 34 percent year over year in 2017, according to data from research firm AirDNA.
Booked listings have increased every month since April in the Big D, including 1,946 bookings in December, a record high for the city. A booked listing is defined as an Airbnb listing that is booked at least one time during a given month.
The Dallas Airbnb market has historically had a low portion of the state’s totals, but the year-end data, provided by AirDNA and analyzed by the Dallas Business Journal, shows the local area started to catch up during the second half of 2017.
AT LEAST a dozen Airbnb hosts are earning more than €100,000 a year renting out homes on short-term contracts while the housing crisis deepens. As many as 4,840 properties are being let in their entirety for as much as €800 a night, well in excess of what they would fetch if let to private or council tenants. The website connects homeowners and those seeking to rent accommodation on a shortterm basis worldwide. Figures supplied by AirDNA, which analyses market trends across the globe, show that one Dublin property owner has earned €172,227 in the last year alone for an apartment near Trinity College.
The Airbnb listing for a "hip 1BR" apartment near Millennium Park boasts a "prime location"—in all capital letters—with "amenities galore," all for just $115 a night.
An increasing number of landlords have turned to offering short-term lets through Airbnb rather than dealing with the buy-to-let tax clampdown, research suggests. Figures from the Residential Landlords Association found there has been a 199% increase in the total number of short-term rentals listed on Airbnb between 2015 and 2017 to 213,934. Using data from Airdna, which analyses Airbnb listings, the RLA found that the biggest increase over two years was in Birmingham, with 1,834 listings. More than two thirds (69%) of the listings were by hosts with more than one property, suggesting they could be landlords fed up with the buy-to-let regime.
Cardiff has seen the biggest increase in listings over the past year, up 259% to 5,428, 56% of which were from hosts with more than one property. The RLA claims these figures suggest the Government needs to scrap the changes to mortgage interest relief across the UK.
Owners of some Kiwi homes on Airbnb are scoring big, with their houses raking in a third of a million dollars a year.
The highest-earning New Zealand homes on the peer-to-peer rental website are in top tourist locations and are rented out most nights of the year, according to research website AirDNA.
One fancy three-bedroom Queenstown house with mountain and lake views has brought in its owner $344,000 in the past year, at an average daily rate of $1200.
According to AirDNA data, three major Texas metros are witnessing an important growth in Airbnb user adoption. Austin, Houston and Dallas have seen the total number of listings increase by as much as 90 percent year-over-year in October.
Data provided by AirDNA shows a significant increase in Airbnb adoption throughout Texas over the past three years. Not only have Austin, Houston and Dallas experienced an uptick in available listings, but the three metros have also seen the average occupancy level go up by at least 11.5 percent.
The number of whole homes being rented out via Airbnb has increased by 31% over the past year, latest data shown to The Negotiator reveals. These figures are for London, the key market for Airbnb in the UK, where there were 29,476 properties available to rent during October, up from 22,400 the year before.
This is also more than four times the number of ‘whole home’ listings compared to November 2014 when US-based consultancy AirDNA began collecting data. These ‘whole property’ listings are contentious because they can be in direct competition with traditional lettings, despite efforts to limit them.
The richest person on Airbnb? They have 881 properties in London, with a yearly revenue of £11.9 million. But between management companies and "professional hosts", is there still room for those who want to rent out their home to make money?
Yesterday on the news was the story of a British "host" that earns £11.9 million per year by renting 881 properties on Airbnb. They lead the way of hosts making the most amount of money on Airbnb drawn up by AirDNA, a North American website specialising in Airbnb statistics for people who want to do business in the market, and with data in hand.
According to AirDNA, a US-based company that analyses the global Airbnb market, Dublin’s biggest earner is a six-bed apartment in the south city centre that generates € 163,495 a year. Its average daily rate is €651, which implies occupancy at the average rate for 251 nights of the year. Another big earner is a seven-bedroom property in Drumcondra, on the northside, which brings in more than €150,000 a year, with an average daily rate of €653. A three-bed city-centre apartment is generating €135,583 a year, and a two-bed in Temple Bar is producing €131,164.
An Airbnb landlord in London made £11.9 million in a single year, renting out 881 properties, according to new research.
That figure represents the most made in revenue by any owner in the world in the last 12 months, but another landlord was not too far behind, raking in £11.8 million through 504 properties in Bali.
Top owners in cities including Cape Town, Paris and Barcelona all banked at least a million pounds through dozens of flats, rooms and houses.
Like the most of metro Denver's commercial real estate market, hospitality real estate is a bit cooler, but only when compared to the record year it had in 2015. Dramatic increase in both average daily rate and revenue per available room, key metrics of a hotel's profitability, occurred particularly in the second half of 2014 in metro Denver, driving major hotel transactions in 2005.
BARCELONA, Spain (Reuters) - Spain’s Balearic Islands will from Tuesday penalize landlords for illegally renting apartments to tourists with fines of up to 40,000 euros ($47,228) amid a backlash against the effects of mass tourism across the country.
The move is an escalation in efforts to crack down on home-sharing sites such as Airbnb by city councils or local authorities in Spain, as concern mounts over the side-effects of their increasing popularity.
I’m an Airbnb host. It’s not that I enjoy losing my spare bedroom and my privacy to entertain out of town visitors: I use the platform to be able to pay rent while I go through a difficult financial time. Ten nights a month, I have to tolerate a stranger using my bathroom to get 20 nights blissfully alone with my son.
Their money has, though. In a city where the median wage is $28,000 a year and the median rent for a one bedroom is now $2,000 a month, I may not have a home for me, my son and my pets without it.
San Francisco may be home to tech unicorn Airbnb, but it has clashed head-on with the company over criticism that short-term rental sites tie up housing supply in a region already undergoing a massive housing shortage. Conflict between San Francisco and short-term rental companies has even led to legal challenges and a recent settlement that laid out a few key provisions, including requiring registry for listings, registration verification from the city and an agreement to terminate a listing if the city determines it unacceptable.
Airbnb Inc. will now be able to operate in Japan without the risk of running into regulatory hurdles after the government passed a law that sets out rules for home sharing. Japan’s upper house passed a legislative bill on Friday that lets private homes rent out space to paying guests, while limiting total stays to 180 nights a year. The law requires providers of such accommodation to register with local governments and lets local authorities impose their own restrictions.
FAR from merely earning owners a bit of extra pocket money, Airbnb properties are generating tens of thousands of dollars for savvy Aussie homeowners with a spare room or couch. Despite a recent report commissioned by Airbnb showing the average income for Australian hosts was under $5000, detailed analysis by Airdna showed the estimated revenue for a spare room in Sydney was $18,472 in the year to March. In Melbourne it was $16,115, in Brisbane it was $12,172, in Perth it was $11,604, in Darwin it was $10,258 and on the Gold Coast it was $9088.
Airbnb is trying to change the narrative. For so long, the nearly nine-year-old home-sharing platform pushed for growth by barging into new markets and new cities around the world, regulations be damned San Francisco is not the only city Airbnb has sued. Airbnb cases are pending in Miami, Santa Monica and Anaheim in Southern California*. But the company's contentious history runs deepest in San Francisco, where anti-Airbnb sentiment became a leading expression of backlash against the tech boom, as critics complained Airbnb rentals took even more of already limited housing options off the market for would-be residents. About a year-and-a-half ago, San Franciscans split over Proposition F, a local ballot measure that aimed to place severe restrictions on short-term Airbnb-style rentals.
Airbnb has ended a months-long dispute in South Korea over its “strict” refund policies and will make full refunds more available for cancellations ahead of the reservation date. Will such a move be implemented worldwide? Korean regulators believe it will happen -- even though Airbnb says it has no plans to make any further changes.
There are now over 38, 000 active listings of London properties on Airbnb according to a monitoring service that analyses the platform’ s content - and it calculates that one of those hosts could have achieved an annual income in excess of£ 266, 000.
Airdna, a research firm specializing in Airbnb data across the world, says there were 38, 203 listings in February.Of these 564 were, for shared rooms with 18, 133, for private rooms in shared properties.
Some 1, 751 were for studios, 7, 636 were one bedroom properties and 6, 831 two bedroom homes.
Three bedroom homes totalled 2, 026 with 1, 137 units that had four or more bedrooms.
n search of some extra cash, Jim and Janet Dooley started renting out a spare bedroom in their Big Bear home to skiers and other outdoor enthusiasts. “This has brought us a couple of hundred dollars a week,” said Janet Dooley, who listed the room about two years ago on the online booking platform Airbnb. Most of the guests have been young travelers, heading to the slopes at the nearby Bear Mountain and Snow Summit ski resorts. The Dooleys are part of a fast-growing club. Nearly 2,000 homes, apartments and spare bedrooms are listed for rent on Airbnb in and around Big Bear Lake, up from only about 400 properties listed two years ago.
The average cost for rooms still available is about $495 a night, according to AirDNA, a site that tracks Airbnb prices. But that’s not to say deals can’t be found. On Wednesday morning, MONEY found an apartment for rent in Logan Circle -- roughly a half-hour's walk from the National Mall -- for just $190 a night during the inauguration. Those who booked ahead paid much less -- around $230 on average, AirDNA reports -- while those renting shared space in someone else's home spent just $77 a night.
When you book an Airbnb room in London, around a third of the $100 saving you make over the price of an average hotel room is due to tax advantages that favor Airbnb’s business model, according to research by the Financial Times.
As regulation tightens in NY and other cities around the US, we wanted to check what are the best cities to operate as an investor around the world. The research was made using the data on AirDNA, a data company that tracks the performance of Airbnb rental properties around the world. By analyzing the occupancy, nightly rate, and revenue produced by over four million short-term rentals, AirDNA is able to identify high yielding real estate investment opportunities.
Even if 2016 does not turn out to be the year Airbnb announces an initial public offering, it may turn out to be the year of deep, fascinating Airbnb data — whether the short-term rental service wants to share it or not. It’s already off to a great start. On the heels of a report about hosts produced by Penn State University for the American Hotel and Lodging Association (AH&LA), CBRE Hotels has released a trove of Airbnb data with market-by-market insights into Airbnb’s business in the United States that compares Airbnb data to hotel data. Like the AH&LA study, it turned to AirDNA to provide insight about occupancy, room rates, and availability on Airbnb.
Using numbers provided by AirDNA, an analytics firm specializing in Airbnb data, we put together the best and worst cities for investors. We started by taking the revenue for the properties in the 75th percentile of each city. That, according to AirDNA co-founder and CEO Scott Shatford, is a way of accounting for the fact that there may be a few zip codes that dramatically outperform other parts of a city. The 75th percentile, he says, is a better measure of the income that skilled investors can bring in from an Airbnb property.
There is a Southern California-based company called AirDNA that advises property owners on how to maximize their Airbnb rental income stream. They scrape Airbnb’s site every day unlike the San Francisco Chronicle report, which scraped only a single day’s worth of data. The company says its software also scrapes for whether a room is available, blocked or booked. As such, it can estimate revenues instead of guess-timating from the number of reviews.
Mr. Curtis questioned how widespread the problem was. Airbnb provided some statistics about its customers, noting that from Oct. 1, 2014, to Oct. 1 this year, 87 percent of trips to Austin involved four or fewer people and 97 percent involved eight or fewer. The average age of Airbnb guests in Austin is 36. According to the research company AirDNA, of the 1,414 Airbnb listings in Austin as of Aug. 31 with three or more bedrooms, 33 offer lodging for four or more people per bedroom while 618 sleep over two per bedroom.
[Google translate] An objective fact, indisputable (maximum down) shown by analysts AirDNA, company of Santa Monica (Los Angeles, USA), which processes the "big data" directly from the site fee with an algorithm able to figure out how many are, which and how many types (room shared by up to apartments with 4 or more beds), how much they cost the rooms offered in Florence. But above all how many times were occupied and how much you can get if you become tenants at "5 star" (ie, with great reviews) and what you really "earn" by renting their apartments to tourists in the city, even on a random basis.
In Glasgow, the only other Scottish city analysed by AirDNA and where Airbnb saw a rise in the number of listings ahead of last year’s Commonwealth Games, just 854 properties are listed, with an entire home marketed for an average of $151 a night. The figure is only marginally lower than in Edinburgh – but a private room, which makes up almost half of all properties listed in Scotland’s biggest city, typically costs just $62.
But with Airbnb Inc. posting thousands of listings in cities where the pope appeared last week, hoteliers are seeing less-than-optimal results as many compete head on with home-rental companies.
In New York City, Airbnb listings last week reached nearly 20,000 during the pope’s visit, according to AirDNA, a Santa Monica, Calif.-based firm that analyzes Airbnb data.
Bowen also recommended looking into local accommodations offered on home-sharing sites like Airbnb and HomeAway. Along with the unique digs and the opportunity to experience the city like a local, you may score a bargain: According to AirDNA, a data provider to vacation rental entrepreneurs and investors, the median nightly rate for an entire home on Airbnb is only $65 in South Korea and $74 in Berlin, Germany.
If you’re looking to get into the business you might wonder which spots are most lucrative. Landlords in Boston can already expect to collect sky-high rent from year-round tenants. Could switching to the short-term Airbnb model possibly make even more money? In some cases, yes.
AirDNA, a separate service that analyzes vacation rental data, located the most profitable Airbnb cities in the country for owners, revealing Boston as a moneymaking spot for two-bedroom rental units.
One company, AirDNA, takes host support a step further — for a fee. It tracks “the daily performance of over 400,000 listings across 5,000 cities worldwide” and offers “intelligence reports that feature occupancy rates, seasonal demand, and revenue generated by short-term rentals.” A one-time report for my area cost $49.95. Charges for consulting (on rates, website copy, property management and the like) is listed at $199 to $399.
Much of the information on AirDNA.com is free, but hosts and other users can pay about $50 for more comprehensive reports that break down the performance of listings in a given neighborhood or even that of a competitor, giving them a better idea of whether they are under- or overpricing their own listings.
There is perhaps no greater example of how lucrative the sharing economy can be than Airbnb. In the six years since its launch the website that lets anyone rent out their homes has propelled its founders—Brian Chesky, Nathan Blecharczyk, and Joe Gebbia—onto this year's Forbes billionaires list with estimated fortunes of $1.9 billion each. That’s to say nothing of the company’s rumored $20 billion valuation, partly due to the fact that Airbnb now has over one million listings in 190 countries.
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