GITNUX MARKETDATA REPORT 2024

Must-Know Airbnb Vs Hotels Statistics [Latest Report]

With sources from: airbnb.com, nytimes.com, hospitalityinsights.ehl.edu, globenewswire.com and many more

In this post, we explore the compelling statistics that highlight the ongoing shift in the travel and accommodation industry between Airbnb and traditional hotels. From average daily rates and user numbers to occupancy rates and guest experiences, the data offers a fascinating glimpse into how these two lodging options compare and compete in the market.

Statistic 1

"Airbnb had an average daily rate of $80.95 in 2019, compared to hotels with an average daily rate of $130.19."

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Statistic 2

"As of 2020, Airbnb has over 150 million users worldwide, while hotels have around 1 billion guests per year."

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Statistic 3

"Airbnb boasts over 7 million listings worldwide, while global hotel chains have approximately 18 million rooms."

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Statistic 4

"In 2018, Airbnb accounted for nearly 20% of the U.S. lodging market revenue growth."

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Statistic 5

"In 2019, the occupancy rate of Airbnb listings in major U.S. markets was 62.7%, compared to an occupancy rate of 65.9% for hotels."

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Statistic 6

"In 2019, the average length of stay for Airbnb guests was 5.5 nights, compared to 1.5 nights for hotel guests."

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Statistic 7

"Airbnb hosted 91 million room nights sold in Q1 of 2019, making up for 20% of the total lodging nights worldwide."

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Statistic 8

"71% of Airbnb guests report a better experience than traditional hotels, resulting in a Net Promoter Score of 74 compared to 61 for hotels."

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Statistic 9

"In 2018, revenue per available room (RevPAR) for Airbnb listings was $70.33, while hotel RevPAR was $85.13."

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Statistic 10

"In 2019, Airbnb’s total accommodations sales amounted to $38 billion, compared to $18 billion in 2016."

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Statistic 11

"In 2018, the global market share of Airbnb in the accommodation industry was 11.3%, compared to 10.1% in 2017."

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Statistic 12

"In 2019, the percentage of Airbnb bookings made for business purposes was 15%, compared to 68% of bookings made at hotels for the same reason."

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Statistic 13

"The average review score for Airbnb listings is 4.7 out of 5, compared to 3.9 out of 5 for the average hotel."

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Interpretation

The statistics presented highlight significant differences between Airbnb and hotels in various aspects of the lodging industry. Airbnb generally offers more competitive pricing with lower average daily rates and revenue per available room compared to hotels. Despite having fewer total users and listings than the hotel industry, Airbnb has managed to carve out a substantial market share, particularly in terms of revenue growth and customer satisfaction. The statistics also indicate that Airbnb guests tend to stay longer, have higher occupancy rates in major markets, and provide more positive reviews compared to traditional hotels. However, hotels still dominate in terms of total guests served, room capacity, and bookings for business purposes. The evolving landscape of the accommodation industry demonstrates the changing preferences and behaviors of travelers worldwide, with both Airbnb and hotels catering to distinct market segments based on pricing, experience, and convenience.

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