Is Airbnb really more affordable than a hotel? See for yourself

hotel airbnb

If you’re planning a trip, you’re probably thinking about checking out what the likes of CouchSurfer.com or Airbnb have to offer in place of a hotel room, which you know will break the bank. Helping to quell our suspicions, PriceEconomics.com conducted a city-by-city study comparing the costs of renting a room for a one night stay booked one month in advance using Airbnb versus hotels. And the results are heavily in favor of the P2P option. 

The study reports that renters will save on average 49.4 percent of what you’d otherwise end up spending on a hotel room. Full apartment rentals, on the other hand, command a slightly smaller margin, but still nothing to overlook: Renting an entire apartment compared to renting a hotel room will save travelers 21.2 percent on average.

hotel airbnb comparison

Now, breaking this study down to its parts, hotels are the most expensive in New York City ($245), San Francisco ($229), and Boston ($229), respectively. The Airbnb cost to rent an entire apartment varies ever so slightly. It costs $185 to rent from Airbnb, $180 for New York City, and $165 in San Francisco. Once again, Airbnb wins out again. The Airbnb option is far, far more affordable than renting a hotel room by itself. However, before jumping to conclusions, using Airbnb actually isn’t the cheaper alternative to shack up in an apartment instead of a hotel, where there are fewer Airbnb inventory (rooms) in smaller cities. But if you’re just renting a private room, “it’s almost always much cheaper to stay in a private room than a hotel,” the report states.

Fortunately, collaborative consumption is a well-recognized lifestyle choice in most major cities, which helps keep the prices low (due to high demand) and this lifestyle doesn’t necessarily extend to Airbnb rentals exclusively. Uber and TaskRabbit are examples of collaborative consumption services that U.S. cities have come to embrace.

Looking at the per capita Airbnb listing, the same study has found San Francisco to be the most popular city to be embracing this style of consumption. Surprisingly, smaller cities like Cambridge, Berkeley are cities where collaborative consumption is the second and third most popular, respectively. (Which probably has something to do with the fact these are college towns.)

hotel vs airbnb nyc

Long story short, if you’re trying to decide between a hotel or Airbnb, Priceconomics city-by-city tool can help you make the call – and more often than not, the Airbnb option will win.

Product Review

‘Resident Evil 2' is a terrifying new virus you'll want to catch

Resident Evil 2 brings the Raccoon City incident to a new generation of players, acting both as a nostalgic throwback and a thoroughly modern horror game with some of the best visuals of the generation.
Home Theater

Everything to know about Sling TV: Channels, pricing, and more

Sling TV has grown a great deal since its launch. Now there are more channels and more packages to chose from, with prices to match, and more is being added all the time. Everything you need to know is right here.

AT&T and Rush System are using 5G to create the 'hospital of the future'

Ready to experience a radical transformation in mobile communication? AT&T is launching mobile 5G in cities across the country over the next few months. Here's everything you need to know about the AT&T 5G rollout.
Smart Home

Starbucks coffee delivery lands in 6 more cities via Uber Eats

Starbucks is in the process of expanding its coffee delivery service far beyond Miami. Available via the Uber Eats app, the service has just launched in San Francisco, with five additional cities joining in the coming weeks.

Delete tracking cookies from your system by following these quick steps

Cookies are useful when it comes to saving your login credentials and other data, but they can also be used by advertisers to track your browsing habits across multiple sites. Here's how to clear cookies in the major browsers.
Social Media

Nearly a million Facebook users followed these fake Russian accounts

Facebook purged two separate groups behind more than 500 fake accounts with Russian ties. One group had ties to Russian news agency Sputnik, while the other had behavior similar to the Internet Research Agency's midterm actions.
Smart Home

Amazon Prime members number more than 100 million in the U.S., survey says

Consumer Intelligence Research Partners estimated there were 101 million U.S. Amazon Prime members as of December 31, 2018. Last April, CEO Jeff Bezos wrote there were more than 100 global million Prime members.

Switch up your Reddit routine with these interesting, inspiring, and zany subs

So you've just joined the wonderful world of Reddit and want to explore it. With so many subreddits, however, navigating the "front page of the internet" can be daunting. Here are some of the best subreddits to get you started.

It's not all free money. Here's what to know before you try to mine Bitcoin

Mining Bitcoin today is harder than it used to be, but if you have enough time, money, and cheap electricity, you can still turn a profit. Here's how to get started mining Bitcoin at home and in the cloud.

Need a free alternative to Adobe Illustrator? Here are our favorites

Photoshop and other commercial tools can be expensive, but drawing software doesn't need to be. This list of the best free drawing software is just as powerful as some of the more expensive offerings.

Always have way too many tabs open? Google Chrome might finally help

Google is one step closer to bringing tab groups to its Chrome browser. The feature is now available in Google's Chrome Canady build with an early implementation that can be enabled through its flag system.

Worried about your online privacy? We tested the best VPN services

Browsing the web can be less secure than most users would hope. If that concerns you, a virtual private network — aka a VPN — is a decent solution. Check out a few of the best VPN services on the market.
Emerging Tech

Facebook hasn’t given up on the idea of building an internet drone

Facebook's efforts to provide internet connectivity from the skies using solar-powered drones suffered a blow last year when the company abandoned its "Aquila" drone project. But the company clearly hasn't given up on the idea.

Royal fans bid big money as Prince Philip ‘car crash parts’ hit eBay

A couple of days after a car crash that involved the 97-year-old husband of Queen Elizabeth II, debris apparently from the scene of the accident showed up on eBay. And people wanted to buy it.