Comparing Airbnb and hotels is an interesting topic that has been gaining traction in recent years. With the rise of home-sharing platforms, travelers now have more options than ever when it comes to finding accommodations for their trips. In this blog post, we will explore some key statistics about Airbnb versus hotels to gain a better understanding of how these two types of accommodation compare.
We’ll look at data such as global revenue figures, average daily rates (ADR), user numbers, listings available worldwide, net earnings before interest tax depreciation and amortization (EBITDA) figures from major hotel chains like Marriott International compared with those from Airbnb itself; occupancy rate comparisons between both services; length of stay averages for guests using either service; percentage breakdowns by demographic groups such as millennials or business travelers; market share percentages within the overall lodging industry globally and domestically in the United States specifically; review scores given by customers who use each type of accommodation option – all providing valuable insight into which one might be best suited for your next trip.
Airbnb Vs Hotels Statistics Overview
Airbnb boasts over 7 million listings worldwide, while global hotel chains have approximately 18 million rooms.
This statistic is a powerful indicator of the sheer size of Airbnb’s presence in the hospitality industry. It demonstrates that Airbnb has a much larger global footprint than traditional hotel chains, with almost four times as many listings. This is a testament to the success of Airbnb’s business model and the popularity of its services.
In 2019, Airbnb’s net earnings before interest, tax, depreciation and amortization (EBITDA) were $170 million, while Marriott International, a single hotel chain, reported $2.6 billion in EBITDA.
This statistic serves as a stark reminder of the immense success of Airbnb compared to traditional hotel chains. It demonstrates that Airbnb has been able to generate a significantly higher EBITDA than a single hotel chain, despite the fact that Marriott International is one of the largest hotel chains in the world. This statistic is a testament to the power of Airbnb’s business model and its ability to disrupt the traditional hotel industry.
In 2018, Airbnb accounted for nearly 20% of the U.S. lodging market revenue growth.
This statistic is a testament to the immense success of Airbnb in the U.S. lodging market. It shows that Airbnb has had a significant impact on the growth of the lodging market, accounting for nearly a fifth of the total revenue growth. This is a remarkable achievement and speaks to the power of Airbnb as a disruptive force in the hospitality industry.
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.
This statistic is a telling indication of the growing popularity of Airbnb as a lodging option compared to hotels. It shows that more and more people are choosing Airbnb over hotels, which could be due to the lower cost, more personalized experience, or other factors. This statistic is important to consider when discussing the differences between Airbnb and hotels, as it provides a clear indication of the current market trends.
In 2019, the average length of stay for Airbnb guests was 5.5 nights, compared to 1.5 nights for hotel guests.
This statistic is a telling indication of the advantages that Airbnb offers over hotels. It suggests that Airbnb guests are able to enjoy longer stays, allowing them to explore their destination more thoroughly and get a better sense of the local culture. This could be a major factor in why people choose Airbnb over hotels, and is an important statistic to consider when comparing the two.
Airbnb hosted 91 million room nights sold in Q1 of 2019, making up for 20% of the total lodging nights worldwide.
This statistic is a testament to the growing popularity of Airbnb as a lodging option. It shows that Airbnb is becoming a major player in the hospitality industry, accounting for a fifth of all lodging nights worldwide. This is a remarkable achievement, and it speaks to the convenience, affordability, and comfort that Airbnb offers to travelers. It also highlights the potential of Airbnb to disrupt the traditional hotel industry, as more and more people opt for the Airbnb experience.
71% of Airbnb guests report a better experience than traditional hotels, resulting in a Net Promoter Score of 74 compared to 61 for hotels.
This statistic is a powerful indicator of the superiority of Airbnb over traditional hotels. It shows that the majority of Airbnb guests are more satisfied with their experience than those who stay in hotels, and that the Net Promoter Score for Airbnb is significantly higher than that of hotels. This suggests that Airbnb is a more attractive option for travelers, and that it is likely to continue to gain popularity in the future.
In 2018, revenue per available room (RevPAR) for Airbnb listings was $70.33, while hotel RevPAR was $85.13.
This statistic is a telling indication of the success of Airbnb in the hospitality industry. It shows that despite the lower RevPAR, Airbnb is still able to attract customers and generate revenue. This is a testament to the appeal of Airbnb’s services and the competitive pricing it offers. It also highlights the potential of Airbnb to disrupt the traditional hotel industry.
In 2019, Airbnb’s total accommodations sales amounted to $38 billion, compared to $18 billion in 2016.
This statistic is a testament to the incredible growth of Airbnb over the past few years. It shows that the company has seen a staggering increase in total accommodations sales, more than doubling in just three years. This is a clear indication that Airbnb is becoming an increasingly popular choice for travelers, and is a major competitor to traditional hotels.
In 2018, the global market share of Airbnb in the accommodation industry was 11.3%, compared to 10.1% in 2017.
This statistic is a testament to the growing success of Airbnb in the accommodation industry. It shows that the company has seen a significant increase in its market share over the past year, indicating that more and more people are choosing to stay in Airbnb properties instead of hotels. This is an important statistic to consider when discussing the competition between Airbnb and hotels, as it demonstrates the increasing popularity of Airbnb as a viable alternative to traditional hotel stays.
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.
This statistic is a telling indication of the growing popularity of Airbnb for business travelers. It shows that more and more people are turning to Airbnb for their business trips, as opposed to traditional hotels. This shift in preference could be due to the more affordable prices, the convenience of booking, or the unique experiences that Airbnb offers. This statistic is an important piece of evidence in understanding the changing landscape of business travel.
The average review score for Airbnb listings is 4.7 out of 5, compared to 3.9 out of 5 for the average hotel.
This statistic is a powerful indicator of the quality of Airbnb listings compared to hotels. It shows that Airbnb listings are rated higher than hotels, suggesting that Airbnb offers a better experience for travelers. This could be due to the more personalized service, unique amenities, and local experiences that Airbnb offers. This statistic is an important piece of evidence for anyone considering staying in an Airbnb instead of a hotel.
Conclusion
After analyzing the statistics, it is clear that Airbnb has become a major player in the global lodging industry. With over 150 million users worldwide and 7 million listings across 220 countries and territories, Airbnb offers travelers more options than traditional hotels. Additionally, guests tend to have better experiences with Airbnb due to its higher average review score of 4.7 out of 5 compared to 3.9 for hotels as well as its lower average daily rate of $80.95 compared to $130.19 for hotel rooms on average globally in 2019 . Furthermore, millennials are increasingly choosing Airbnb over hotels when booking trips – 53% of bookings were made by this demographic in 2018 according to one study – which could be attributed partly due to their longer stays (5 nights vs 1 night) at an affordable price point ($70 RevPAR). Despite these advantages however, the global hotel industry still holds a much larger market share than AirBnB with revenue reaching nearly 570 billion dollars last year while AirBnb’s was only 4 billion 8 hundred million dollars; indicating there is still room for growth within this sector if they can continue providing quality services at competitive prices going forward into 2020 and beyond
References
0. – https://www.airbnb.com
1. – https://www.nytimes.com
2. – https://www.hospitalityinsights.ehl.edu
3. – https://www.globenewswire.com
4. – https://www.statista.com
5. – https://www.businessinsider.com
6. – https://www.morganstanley.com
7. – https://www.alltherooms.com
8. – https://www.breezybnb.com
