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Stock impact report

Are Airbnbs cheaper than hotels? Depends on your trip details, travel site survey says [USA TODAY]

Airbnb, Inc. - Class A (ABNB) 
Company Research Source: USA TODAY
U.K. consumer site Which? scanned the globe and found hotels were cheaper than Airbnb or Vrbo rentals in 38 of 50 international destinations including New York and San Francisco. "When launched, private holiday rentals from platforms such as Airbnb and Vrbo offered a cheaper alternative to hotels, but our research found that is no longer true in most countries," wrote the consumer site's senior researcher and writer Claire Webb. Hotels were cheaper in 24 of the 30 big cities considered, with the average price of a one-bedroom rental per night around $82 (£60) more than a hotel – with service fees extra. The consumer site used data from AirDNA and Kayak for the rental rates (cleaning fees were factored in, but not any additional service fees) and hotel prices (five-star hotels were excluded), respectively. Airbnb told Which? that its rentals typically include kitchen and living spaces, not always comparable to hotel rooms. "This data is wrong and based on flawed methodology," the Show less Read more
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