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Airbnb pricing doesn’t just hinge on location — amenities like beach, pool and gym access also wield considerable influence.
Our analysis compared median prices of rentals with specific amenities to those without and found that listings with beach access are 61% more expensive.
Pool availability is the second-most expensive amenity, costing vacationers 48% more. But this cost increase isn’t the same everywhere: for instance, the cost of rentals with pool access skyrockets to more than twice the usual rate (125%) in New York City.
Fitness enthusiasts looking for gym access can expect around a 47% increase in booking costs. In Portland, Oregon, the price tag on rentals with gym access goes up by 84%.
You’ll also likely pay a premium if there’s a dishwasher in your rental unit; Airbnbs with dishwashers typically cost 21% more than those without them.
Tips to save on your Airbnb bookings
It’s no secret that traveling today is expensive. The researchers recommend following these cost-saving tips when looking for Airbnb accommodations to enjoy the vacation you want without breaking the bank.
1. Boost your party size.
A group of four can anticipate 17% savings per person compared to pairs. On average, a 2-person unit charges $105 per night, while accommodating four nudges the price up by 65% to $173 — letting you entertain twice as many folks for less.
2. Opt for private rooms or units with shared bathrooms.
The cost of renting a full home averages $185 per night, while a private room or a shared-bathroom unit only costs $79 or $60 per night, respectively.
3. Embrace washing dishes by hand.
Dishwasher-equipped units demand a 21% premium. In Hawaii, you may even find yourself paying 85% more for rentals with dishwashers. Opting for accommodations without a dishwasher could lead to significant savings.
4. Utilize credit cards.
Familiarize yourself with the benefits of travel credit cards and reward credit cards to make your money work for you. Between welcome offers, cash back rewards and opportunities to accumulate points and miles, there are many ways you can utilize credit cards to make your vacation cost-effective.
Methodology
The study analyzed data from Inside Airbnb to provide insights on Airbnb costs in 19 U.S. tourist destinations and offer tips for maximizing savings on Airbnb bookings.
The study examined several data points, such as price, location, unit capacity, available amenities and room type. Then, the study calculated median rates across these variables to demonstrate how prices vary by location.
The study also applied a linear regression model to the data and used Shap feature importance to identify the amenities with the highest impact on price. To calculate the percentage impact of amenities on price, the study compared the median prices of listings with a specific amenity to those without it.
This story was produced by MoneyGeek and reviewed and distributed by Stacker Media.
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