Is Airbnb Really Cheaper Than a Hotel?
Anyone who travels for pleasure often knows all about the incredible invention that is Airbnb. for those who are unfamiliar with Airbnb, it is an American-based lodging company that operates an online marketplace and hospitality service for people who are looking to lease or rent short-term lodging spaces, such as holiday cottages, apartments, homestays, hostel beds or hotel rooms. It's a much nicer way to experience a new place than a hotel because generally it allows you to meet the locals, really experience a new culture and perhaps make some friends along the way.
This new concept, combined with a wider variety of budget airlines and ride-sharing services, like Uber and Lyft, have made traveling (especially for young people) more affordable than ever. Hotels still cost a small fortune in most cities, and Airbnb is definitely giving them a run for their money, but exactly how much difference does it make staying at an Airbnb in a major city versus a hotel? The owners can charge whatever price they want, but generally these prices can be comparable (if not higher than some hotels).
The statistical site, Statista, recently created a chart from information published by Airbnb and HRS (a German hotel reservation website) comparing the average room price per night in an Airbnb listing and hotels in major world cities.
Not surprising, New York City has the most expensive hotel rooms, averaging about $306 per night, however using Airbnb, a room in New York City averages about $187 per night. That means travelers would save a whopping $119 per night that would then allow them to splurge on all the major attractions in the city (not blowing it all on a place to sleep). Some Airbnb's also have kitchens which allow guests to cook their meals instead of going out to restaurants, which saves them even more money.
The amount of savings with Airbnb versus a hotel room is quite impressive taking a look at all these cities. There isn't any major world city where staying in a hotel is the cheaper alternative. The difference is especially noticeable in a place like Tokyo, where staying at an Airbnb establishment would save you about $127 per night. However, places like Sydney, London and Berlin don't show much of a difference in price.
Of course, hotels will always be around since there are plenty of travelers who prefer this option since it eliminates the stress of searching for and choosing a safe and suitable Airbnb flat. Plus there are some who would prefer not to integrate and talk to strangers from a foreign place. Honestly, though, for those people I'd really like to ask: why do you travel at all?
Have you ever used Airbnb for a trip locally or abroad? Tell us about it!