A recent study measured average prices (both peak and off-peak) of 60,000 properties in 150 cities. New York City showed a surprising distinction in hotel and Airbnb rates.
"GoEuro.com, a travel website based in Berlin, gathered data on which cities carry the highest and lowest prices for various kinds of hotels, as well as for Airbnb, the San Francisco start-up that matches travelers with people willing to rent space in their homes," according to an article by Rani Molla.
"New York, as you’d expect, was on average the costliest city for hotels and hostels, according to GoEuro’s Accommodation Price Index." But (and it's a big one): "New York wasn’t at the top when it came to Airbnb — that went to Boston and Cancun." The article notes the nature of the Airbnb rentals in Cancun (i.e., luxury vacation homes) has something to do with that city's higher rates, and Boston's higher prices are credited to the many colleges in the area.
Read the full story: The Most Expensive City to Use Airbnb? It’s Not What You’d Expect.
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