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.
FULL STORY: The Most Expensive City to Use Airbnb? It’s Not What You’d Expect.
Will New York’s Strict Short-Term Rental Rules Work?
Some owners are reluctant to put short-term rental units back on the long-term rental market, but the number of permitted units has dropped dramatically.
Boston Mayor Wants to Limit Short-Term Rentals
Boston Mayor Martin J. Walsh thinks short-term rental companies like Airbnb are having a negative effect on the city's housing market, and he'll walk a fine line to regulate the industry.
LA Officials Struggle to Enforce Short-Term Rental Rules
Hundreds of rent-controlled units are being illegally rented out as short-term rentals, pushing out long-term renters and exacerbating the city’s housing crisis.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
Why Should We Subsidize Public Transportation?
Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.
How to Make US Trains Faster
Changes to boarding platforms and a switch to electric trains could improve U.S. passenger rail service without the added cost of high-speed rail.
Columbia’s Revitalized ‘Loop’ Is a Hub for Local Entrepreneurs
A focus on small businesses is helping a commercial corridor in Columbia, Missouri thrive.
Invasive Insect Threatens Minnesota’s Ash Forests
The Emerald Ash Borer is a rapidly spreading invasive pest threatening Minnesota’s ash trees, and homeowners are encouraged to plant diverse replacement species, avoid moving ash firewood, and monitor for signs of infestation.
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This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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