In 2007, a cash-strapped Brian Chesky came up with a shrewd way to pay his $1,200 San Francisco apartment rent. He would offer “Air bed and breakfast”, which consisted of three airbeds,...

************* was the region that brought in the highest amount of Airbnb’s worldwide revenue in 2024, at ************ U.S. dollars. As the company is based in the United States, this is not surprising. However, the Europe, Middle East, and Africa (EMEA) region was not too far behind with *********** U.S. dollars in revenue.************** also reported the highest average number of nights booked by region with Airbnb in 2024.

Airbnb has seen some controversy in Los Angeles due to complaints that the influx of short-term rentals was turning apartment buildings into hotels and was using up the city’s limited housing. This caused new restrictions to be put in place on Airbnb and similar services in summer 2019. As a result, short-term rentals can only come from someone's primary residence. In LA, a primary residence is a place someone lives in at least six months out of the year. Additionally, bookings for visitors are limited to *** days a year, however there are exceptions to this. As of the third quarter of 2019, there were ****** active Airbnb rentals in LA. Whether this number will reduce after the restrictions are enforced remains to be seen.

The New York City Airbnb 2019 Open Data is a dataset containing varius details about a listed unit, when the goal is to predict the rental price of a unit.

This dataset contains the details for units listed in NYC during 2019, was adapted from the following open kaggle dataset: https://www.kaggle.com/datasets/dgomonov/new-york-city-airbnb-open-data. This, in turn was downloaded from the Airbnb data repository http://insideairbnb.com/get-the-data.

This dataset is licensed under the CC0 1.0 Universal License (https://creativecommons.org/publicdomain/zero/1.0/).

The typical ML task in this dataset is to build a model that predicts the average rental price of a unit.

Airbnb, a home sharing economy platform, gives users an alternative to traditional hotel accommodation by allowing them to rent accommodation from people who are willing to share their homes. In 2024, the North America region had the largest share of Airbnb's gross booking value, with **** billion U.S. dollars.

Welcome to New York City, one of the most-visited cities in the world. There are many Airbnb listings in New York City to meet the high demand for temporary lodging for travelers, which can be anywhere between a few nights to many months. In this project, we will take a closer look at the New York Airbnb market by combining data from multiple file types like .csv, .tsv, and .xlsx.

Recall that CSV, TSV, and Excel files are three common formats for storing data. Three files containing data on 2019 Airbnb listings are available to you:

data/airbnb_price.csv This is a CSV file containing data on Airbnb listing prices and locations.

listing_id: unique identifier of listing price: nightly listing price in USD nbhood_full: name of borough and neighborhood where listing is located data/airbnb_room_type.xlsx This is an Excel file containing data on Airbnb listing descriptions and room types.

listing_id: unique identifier of listing description: listing description room_type: Airbnb has three types of rooms: shared rooms, private rooms, and entire homes/apartments data/airbnb_last_review.tsv This is a TSV file containing data on Airbnb host names and review dates.

listing_id: unique identifier of listing host_name: name of listing host last_review: date when the listing was last reviewed

Airbnb, a home sharing economy platform, gives users an alternative to traditional hotel accommodation by allowing them to rent accommodation from people who are willing to share their homes. In 2024, ************* earned the largest regional share of Airbnb's revenue at ** percent. Meanwhile, the Europe and the Middle East and Africa (EMEA) region ranked second at ** percent.

Dataset

This dataset was created by Fuyutaro Suzuki

Contents

Context

Since 2008, guests and hosts have used Airbnb to expand on traveling possibilities and present more unique, personalized way of experiencing the world. This dataset describes the listing activity and metrics in NYC, NY for 2019.

Content

This data file includes all needed information to find out more about hosts, geographical availability, necessary metrics to make predictions and draw conclusions.

Acknowledgements

This public dataset is part of Airbnb, and the original source can be found on this website.

Inspiration

• What can we learn about different hosts and areas?
• What can we learn from predictions? (ex: locations, prices, reviews, etc)
• Which hosts are the busiest and why?
• Is there any noticeable difference of traffic among different areas and what could be the reason for it?

Data was downloaded from: http://insideairbnb.com/get-the-data.html Data was compiled on 31 August, 2019

Files description: - listings_detailed.csv - Detailed Listings data for Stockholm - reviews_detailed.csv - Detailed Review Data for listings in Stockholm - listings.csv - Summary information and metrics for listings in Stockholm (good for visualisations). - reviews.csv - Summary Review data and Listing ID (to facilitate time based analytics and visualisations linked to a listing).

The region with the most nights and experiences booked with Airbnb worldwide in 2024 was Europe, the Middle East, and Africa (or EMEA). That year, the EMEA region reported *** million bookings. Asia Pacific had the lowest number of bookings at ** million. The Asia Pacific region also had the lowest average number of nights per Airbnb booking in 2024.

According to data from Airbtics.com, international Airbnb guests in California reached a 13-month low in May 2020, with only *** percent of guests coming from abroad. Comparatively, in May 2019, **** percent of Airbnb guests in California came from outside of the United States. This decrease in international guests began as travel restrictions due to the coronavirus (COVID-19) pandemic were implemented across the globe.

The short-term rental (STR) platform market is experiencing robust growth, driven by increasing demand for flexible and unique travel accommodations. The rise of the sharing economy, coupled with the convenience and often lower cost compared to traditional hotels, has fueled this expansion. While precise market sizing data was not provided, a reasonable estimate, considering the presence of major players like Airbnb and Booking.com, and the significant global adoption of STRs, would place the 2025 market value at approximately $150 billion. This assumes a moderate CAGR (Compound Annual Growth Rate) of 10% for the historical period (2019-2024), leading to significant expansion during the forecast period (2025-2033). Key drivers include the increasing popularity of experiential travel, the growth of remote work fostering longer stays, and the ongoing technological advancements enhancing platform functionality and user experience. However, challenges such as regulatory hurdles in various regions, concerns regarding property management, and competition from established hotel chains continue to shape the market landscape. Market segmentation plays a crucial role. The market is diverse, encompassing luxury rentals, budget-friendly options, unique properties (e.g., treehouses, yurts), and various property types (apartments, houses, villas). Geographic variations exist, with North America and Europe representing significant market shares, while the Asia-Pacific region shows substantial growth potential. The competitive landscape is highly dynamic, with major players constantly innovating to enhance their offerings and attract new users. This includes improvements in booking processes, payment systems, guest communication tools, and property management features. Strategies such as strategic partnerships, acquisitions, and technological advancements will continue to be central to competitiveness within this ever-evolving market.

According to data from Airbtics.com, the share of international Airbnb guests in Mexico slightly surpassed domestic travelers in May 2020. In April, local tourists accounted for over half of the guests that used the popular online lodging platform, overturning the trend registered in previous months. From ************* to **********, the country registered the highest shares of domestic Airbnb guests, with figures above ** to nearly ** percent. In 2019, domestic spending accounted for ** percent of total spending on travel and tourism in Mexico.

Airbnb, a home sharing economy platform, gives users an alternative to traditional hotel accommodation by allowing them to rent accommodation from people who are willing to share their homes. In addition, it allows consumers to book "experiences" in the regions they visit. In 2024, Europe, the Middle East, and Africa (EMEA) had the largest share of number of nights and experiences booked on the Airbnb platform at ** percent.

Snapshot img

Short Term Vacation Rental Market Size 2025-2029

The short term vacation rental market size is forecast to increase by USD 114.1 billion, at a CAGR of 13.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the expanding tourism industry and the increasing popularity of alternative accommodation options. Travelers seek flexibility, convenience, and unique experiences, making short term rentals an attractive choice over traditional and boutique hotels. Technological advancements further enhance the market's appeal, with digital platforms simplifying the booking process and offering personalized recommendations based on traveler preferences. However, the market faces challenges in ensuring consistent quality across vacation rental properties. The lack of standardization and regulation can lead to inconsistencies in the guest experience, potentially impacting customer satisfaction and brand reputation.
Addressing this challenge requires a commitment to quality assurance, from property maintenance and cleanliness to guest communication and support. Companies that prioritize these aspects and leverage technology to streamline operations will capitalize on the market's opportunities while navigating challenges effectively.

What will be the Size of the Short Term Vacation Rental Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The short-term rental market continues to evolve, with dynamic pricing strategies shaping the landscape. Property managers employ guest management systems to optimize operations, while digital marketing and channel management tools expand reach. Email marketing and social media platforms engage guests, driving direct bookings. Property valuation relies on data analysis, including occupancy rates and revenue management. Seasonal demand influences pricing, with peak seasons offering higher yields. Energy efficiency and green initiatives attract eco-conscious travelers, while luxury rentals cater to affluent guests.

Amenities, from smart home technology to concierge services, enhance the guest experience. Calendar synchronization ensures seamless booking and maintenance services maintain property condition. Legal compliance remains crucial, with security systems and yield management tools addressing safety and revenue optimization. Budget rentals and cabin rentals cater to diverse markets, expanding the market's reach. Overall, the short-term rental market's continuous evolution reflects the industry's adaptability and innovation.

How is this Short Term Vacation Rental Industry segmented?

The short term vacation rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Offline
  Online


Management

  Managed by owners
  Professionally managed


Type

  Apartments and condominiums
  Villas and luxury homes
  Cottages and cabins
  Resorts and bungalows
  Others


Location

  Urban
  Rural
  Coastal
  Mountain


Traveler Type

  Leisure Travelers
  Business Travelers
  Families


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Mode Of Booking Insights

The offline segment is estimated to witness significant growth during the forecast period.

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The Offline segment was valued at USD 87.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 32% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is experiencing growth due to the rising demand for travel and unique experiences. Travelers seek more personalized accommodations, leading to the popularity of short term rentals over traditional hotels. Weekend getaways and city breaks align with the trend of experiential travel, further fueling market growth. Short term rentals offer flexible options and can be cost-effective for families or groups. Pricing strategies, such as dynamic pricing and seasonal demand, influence rental income. Guest management systems, email marketing, and channel management help optimize bookings. Operating expenses include cleaning services, maintenance, and property management software. Energy efficiency and green initiatives are essential property amenities.

Smart home technology enhances the guest experience, while calendar synchroniz

Analysis of ‘Singapore Airbnb’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/jojoker/singapore-airbnb on 13 February 2022.

--- Dataset description provided by original source is as follows ---

Content

The data was collected on 28 August 2019 according to the website (It's not mine). There is 7907 sample, but there is some missing data on some feature/variable.

Acknowledgements

Banner Photo by Joseph Albanese on Unsplash, Dataset from http://insideairbnb.com/get-the-data.html

Inspiration

Can you find out how many feature that affected the price? by the way do you have an idea what is reviews_per_month means?

--- Original source retains full ownership of the source dataset ---

According to data from Airbtics.com, international guests staying at Airbnbs in France reached a 13-month low of ** percent of total travel as of May 2020, compared to **** percent in May 2019. The rate of international guests started to decrease in April 2020, as the COVID-19 outbreak restricted travel into the country.

The United States travel accommodation market is projected to reach a market size of 47.10 million by 2033, expanding at a compound annual growth rate (CAGR) of 7.00% from 2019 to 2033. The growth of the market is primarily driven by the increasing number of travelers, rising disposable income, and the growing popularity of online booking platforms. Additionally, the increasing demand for unique and immersive travel experiences is driving the market growth. The market is segmented based on platform type, mode of booking type, and region. The online travel agents (OTAs) segment is expected to dominate the market during the forecast period. Major players in the market include Laterooms.com, Hotwire, HRS.com, Booking.com, Expedia.com, TripAdvisor.com, Orbitz.com, Hotels.com, Airbnb.com, Priceline.com, and Agoda.com. Recent developments include: September 2023: Philippine Airlines launched PAL Holidays powered by Expedia Group, a one-stop travel website that offers travelers a seamless and comprehensive platform for all their travel needs. The new site is now live in the US, Canada, Australia, and the Philippines. The new platform is powered by Expedia Group’s White Label Template technology. It is designed to help passengers effortlessly plan and book their entire journey, including PAL flights, hotels, transportation, and exciting travel activities, all in one convenient location., March 2023: Expedia Group announced a new API partnership with Wheel the World, a travel booking platform for accessible travelers in wheelchairs, effectively enhancing a seamless, end-to-end travel experience for travelers with disabilities. Through Expedia Group’s Rapid API technology, Wheel the World customers will have access to Expedia Group’s extensive directly sourced hotel inventory with the ability to filter properties by their accessibility needs and preferences.. Key drivers for this market are: Airbnb in United States is Dominating the Market, The US Online Accommodation Market is Booming due to an Increase in Domestic Trips. Potential restraints include: Booking Cancellation. Notable trends are: Rise in the Number of Visitors in California.