|Press Mentions||Press Kit||Media Inquiries|
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 favour 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.
Airdna welcomes media inquiries and has worked with many of the largest media outlets. Feel free to reach out to us with article and data requests.