{"id":4112,"date":"2021-09-29T16:22:48","date_gmt":"2021-09-29T20:22:48","guid":{"rendered":"https:\/\/lgcassocprod.wpengine.com\/?p=4112"},"modified":"2023-06-19T20:02:09","modified_gmt":"2023-06-19T20:02:09","slug":"are-hotels-cheaper-than-airbnb","status":"publish","type":"post","link":"https:\/\/lgcassociates.com\/es\/are-hotels-cheaper-than-airbnb\/","title":{"rendered":"Hospitality in the News | Are Hotels Cheaper Than Airbnb?"},"content":{"rendered":"<p><span data-contrast=\"none\">Every week we comb through the news to find employment trends affecting the <a href=\"https:\/\/lgcassociates.com\/es\/hitn\/\">hospitality<\/a> industry so you don\u2019t have to. This week\u2019s topic: are hotels cheaper than Airbnb? <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><!--more--><\/p>\n<p><span data-contrast=\"none\">When\u00a0<\/span><a href=\"https:\/\/news.airbnb.com\/about-us\/\"><span data-contrast=\"none\">Airbnb<\/span><\/a><span data-contrast=\"none\">\u00a0was founded in August 2008, its\u2019 founders (who were welcoming guests into their home in San Francisco) had no idea it would grow to the\u00a0multi-billion dollar\u00a0company\u00a0it is now. With over\u00a04 million hosts around the world,\u00a0Airbnb has become synonymous with\u00a0affordable vacation lodging.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Over the past decade, Airbnb has been\u00a0the\u00a0less expensive option for travelers\u00a0seeking\u00a0different\u00a0options. Rather than a standard hotel room\u00a0with one or two beds, Airbnb goers\u00a0can find\u00a0entire houses,\u00a0apartments, single rooms, shared spaces, and\u00a0a variety of other\u00a0lodging\u00a0choices.\u00a0As Airbnb\u00a0grew in popularity,\u00a0more people joined the platform,\u00a0totaling\u00a0one billion\u00a0guests\u00a0today.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Like every other industry, Airbnb took a hit during the pandemic.\u00a0But as more people began to travel towards the end of 2020 and beginning of 2021,\u00a0travelers\u00a0were opting for Airbnb over traditional hotel bookings, causing Airbnb rental prices to\u00a0surge.\u00a0In the first quarter of this year, their prices\u00a0<\/span><a href=\"https:\/\/www.businessinsider.com\/airbnb-prices-higher-travel-rebound-earnings-hotels-spending-vacation-2021-5\"><span data-contrast=\"none\">increased<\/span><\/a><span data-contrast=\"auto\">\u00a0by 35%\u00a0(compared to 2020)\u00a0with\u00a0data\u00a0showing \u201cmodest evidence\u201d of hosts raising rental fees.\u00a0Executive&#8217;s attribute the higher prices to\u00a0pandemic travel and guests seeking larger houses\u00a0outside\u00a0of major cities for some R&amp;R.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">During the first decade after its\u2019 founding,\u00a0overall\u00a0Airbnb was the more affordable lodging option for travelers. But after the recent surge in prices, we have to wonder \u2013 are hotels cheaper than\u00a0Airbnb\u00a0now?\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h6><strong>Are Hotels Cheaper Than Airbnb?<\/strong><\/h6>\n<p><span data-contrast=\"auto\">Last year\u00a0the average\u00a0<\/span><a href=\"https:\/\/www.alltherooms.com\/analytics\/average-airbnb-prices-by-city\/\"><span data-contrast=\"none\">price<\/span><\/a><span data-contrast=\"auto\">\u00a0for an Airbnb rental in the U.S. was\u00a0$171\/night,\u00a0almost a 10% increase from\u00a02019.\u00a0In 2020, the average\u00a0<\/span><a href=\"https:\/\/www.statista.com\/statistics\/195704\/average-hotel-room-rate-in-the-us-since-2005\/\"><span data-contrast=\"none\">daily rate<\/span><\/a><span data-contrast=\"auto\">\u00a0(ADR)\u00a0for hotels in the U.S. was $103\/night.\u00a0Although both hotels and Airbnb rentals\u00a0have experienced an increase in prices\u00a0this year\u00a0due to less pandemic-related restrictions,\u00a0staying in a\u00a0hotel\u00a0is\u00a0still (on average) 20% cheaper\u00a0than an Airbnb.\u00a0Location, time of year,\u00a0and size of party\u00a0(etc.)\u00a0all play a part in pricing, but overall hotels seem to be a better option for affordable traveling.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Overall, are hotels cheaper than Airbnb? The data says yes. But as the year goes on, it will be important to evaluate again to better understand how the continuation of the pandemic\u00a0and the holidays impact pricing for travelers.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Every week we comb through the news to find employment  [&#8230;]<\/p>\n","protected":false},"author":67,"featured_media":312684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[106],"tags":[406,455],"class_list":["post-4112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-hospitality-in-the-news","tag-hotel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hospitality in the News | Are Hotels Cheaper Than Airbnb?<\/title>\n<meta name=\"description\" content=\"All the hospitality trends you need to know. 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