Airbnb Occupancy Rates are catching up with Hotels
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Airbnb Occupancy Rates are catching up with Hotels
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Re: Airbnb Occupancy Rates are catching up with Hotels
#2Recently, we found that in San Francisco, Airbnb is close to matching hotels in terms of occupancy rates (Airbnb occupancy locally last week was 87%). Therefore, we wanted to examine whether this figure represents an anomaly or a trend.
TL;DR: we think its possible mature Airbnb markets will begin to match local hotel occupancy rates sooner rather than later.
Re: Airbnb Occupancy Rates are catching up with Hotels
#3Recently, we found that in San Francisco, Airbnb is close to matching hotels in terms of occupancy rates (Airbnb occupancy locally last week was 87%). Therefore, we wanted to examine whether this figure represents an anomaly or a trend. TL;DR: we think its possible mature Airbnb markets will begin to match local hotel occupancy rates sooner rather than later.
Interesting findings, Andrew. I'm not surprised by your results, and only expect to see the number increase. Keep us posted with more analyses like this one--especially around pricing.
Re: Airbnb Occupancy Rates are catching up with Hotels
#4I'm guess in expensive cities, the occupancy rates will be higher since visitors are more likely to look for deals.
Re: Airbnb Occupancy Rates are catching up with Hotels
#5Hello Andrew,
Can you share your source of data?