Tourism

Which cities are the most expensive to rent an Airbnb?

Laine Fullerton

While Airbnb is usually a cheaper alternative for travellers, some cities actually aren’t dishing up the most affordable rooms on the homesharing platform.

To compare the varying costs across the globe, Bloomberg has released its annual index of Airbnb rental costs, and we aren’t surprised Sydney made the top 10.

The fact that we manage to live in a overly-priced shoebox apartment in Sydney, still surprises us every day.

giphy

Sydney came in tenth place, with an average night setting travellers back $175 USD.

Seven of the top 20 were US cities, with Miami topping the list at $205 a night, followed by Boston in second at $195, for the second straight year.

Los Angeles, New York, San Francisco, Seattle, and Washington DC also made the top 20.

More surprisingly, it appears sunbathing in Tel Aviv or shopping in Dubai is becoming increasingly popular, as Airbnb rates in some Middle Eastern countries appear to have sky-rocketed.

Five of the most expensive cities for Airbnb rentals were located in the Middle-East, with Jerusalem and Dubai in fourth and fifth spot respectively, and Jerusalem, Riyadh, and Kuwait City also near the top.

As per Bloomberg, Ivana Gazivoda Vucinic of the international real estate firm Chestertons, said Dubai’s expensive short-term rentals, averaging at $185 a night, are most likely due to high hotel rates since more than 70 per cent of the city’s hotels are four-star and above.

After pumping billions into its tourism sector, Dubai hopes to reach 20 million visitors by 2020, placing it among the top five most visited cities globally, according to market research firm Euromonitor.

In Tel Aviv and Jerusalem, pricey short-term rental costs reflect the average cost of living, similarly in Sydney.

The top 20 most expensive rentals (USD)

  1. Miami, Florida, USA ($205)
  2. Boston, Massachusetts, USA ($195)
  3. Reykjavik, Iceland ($194)
  4. Tel Aviv, Israel ($188)
  5. Dubai, UAE ($185)
  6. Los Angeles, California, USA ($180)
  7. Amsterdam, Netherlands ($178)
  8. San Francisco, California, USA ($178)
  9. Jerusalem, Israel ($175)
  10. Sydney, Australia ($175)
  11. Riyadh, Saudi Arabia ($171)
  12. Edinburgh, Scotland ($166)
  13. New York City, USA ($159)
  14. Seattle, Washington, USA ($156)
  15. Kuwait City, Kuwait ($155)
  16. London, UK ($154)
  17. Singapore ($154)
  18. Washington, DC, USA ($153)
  19. Dublin, Ireland ($152)
  20. Barcelona, Spain ($151)

The Bloomberg index considered Airbnb listings in more than 120 global cities.

Bloomberg’s figures differ from Airbnb’s internal figures as Bloomberg looks at all advertised rates on site, while Airbnb only factors in rentals that are already booked.

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Wholesalers

Intrepid becomes first tour operator with verified, science-based targets

What does that mean, you might ask? Well… we’re not really sure, but this press release does a great job of explaining it.

Share

CommentComments

Aviation

WATCH: Transport Workers’ Union stages ‘alternative’ Qantas AGM, complete with fake Alan Joyce

And by fake Alan Joyce, we mean an unidentified man putting on a very thick Irish accent and coming up with any excuse to say “tink” instead of “think”.

Share

CommentComments

Cruise

Carnival cruise ship rescues 24 people off the coast of Florida

Just because most of the world’s cruise ships are currently out of action doesn’t mean they can’t perform a good deed every now and again.

Share

CommentComments

Wholesalers

Wendy Wu Tours is slinging free flights to Japan!

Who doesn’t love free airfares? Seriously though, point them out to us – we’d like to have a chat with them and find out what their problem is.

Share

CommentComments

Events

Travel DAZE 2020 is just around the corner! Have you registered?

Is your diary looking pretty empty in the first week of November? Well, consider it full now thanks to the only industry event of its scale in Australia this year: Travel DAZE 2020!

Share

CommentComments

Aviation

Air Canada’s longstanding president and CEO to depart, successor revealed

The changing of the guard at airlines continues apace, with Air Canada’s boss the latest to signal their exit.

Share

CommentComments

Travel Agents

AFTA’s Resilient Mind Program yields huge results

It appears alcohol-free days, cold showers and a digital detox are just what the doctor ordered for agents across Australia.

Share

CommentComments

Destinations

Queensland brewing company creates ‘The Big Slab’ attraction to boost state’s tourism industry

This bizarre new attraction has already drawn the likes of surfing legend Mick Fanning and his baby boy, and we have photographic evidence to prove it.

Share

CommentComments

Hotels

Club Med gets into the gift card game

This Christmas, your clients can treat friends and family with the gift of a much-needed holiday AND give you a tidy commission in one go!

Share

CommentComments

Aviation

Bombshells emerge over Western Sydney Airport land deal, as AFP investigates

The stench around the ‘Leppington Triangle’ deal, which saw taxpayers fork out 10 times what the land was valued as, is getting worse by the day.

Share

CommentComments

Technology

Australia’s incoming passenger cards to get the chop

Are you one of those people who never seems to have a pen handy to fill out the incoming passenger card post-flight? Rejoice here.

Share

CommentComments

Aviation

Airline embroiled in website scam duping travellers with fake tickets

Have you purchased some too-good-to-be-true-airfares for your clients recently? You might want to read this.

Share

CommentComments