The number-crunchers at Priceonomics recently turned their attention to Airbnb. How much does crashing in some stranger’s spare bedroom really save you?
Turns out it’s a lot. On average, if you rent a private room (say one bedroom of a two-bedroom home) via Airbnb, it’s 49.5 percent cheaper than a hotel room. That will buy a fair share of vacation beers.
If human interaction isn’t your thing, apartment rentals on average cost 21.2 percent less than a hotel room (though in smaller markets, you might not save quite as much).
Also interesting are the communities that are most widely enamored of the site. Priceonomics ranked cities according to Airbnb units available per 100,000 residents. Surprise: Hippie cities fare quite well.
Absent from this list is New York City. Then again, there are entire boroughs that tourists never see, so why would folks in the farthest-flung neighborhoods even bother to create a listing? Meanwhile, according to Pricenomics, there are 400 active listings in Hell’s Kitchen alone, and the median price of an apartment in Tribeca is $279 a night.
Can’t all live on N. Moore Street, I guess. But we CAN all debate whether that N stands for North or Nathaniel.