How do Airbnb and hotel customers vary by spend and duration of stay?
Figure 2a: Chart shows estimated average length of stay at the three largest hotels and Airbnb, from January 1 - December 31, 2018, according to Edison Trends. All major US reservations analyzed were less than 21 days in order to exclude non-vacation stays (e.g. more than three weeks).
Figure 2b: Chart shows the estimated longest duration stays at Airbnb vs. other hotels (Marriott, Hilton, and IHG) across (top 50) major US cities, between January 1 - December 31, 2018, according to Edison Trends.
According to Figure 2a, in 2018, customers stayed at Airbnbs for an average of three days — one day longer than the two day average for hotels.
Looking at the major US cities with the longest stays (Figure 2b), Airbnb customers once again tend to stay longer on average than hotel chain customers. All Airbnb stays average a little over 3 days, whereas hotel stays average around 2.25. Among these major US cities, Airbnb customers tend to stay the longest in Mesa at 3.25 days, while hotel vendors’ customers stayed in Colorado Springs the longest - at 2.3 days.
Figure 2c: Chart shows the estimated average cost per night for three of the largest US cities and the three largest hotel chains and Airbnb, between January 1, 2018 and May 31, 2019, according to Edison Trends.
Marriott leads in highest average price per night in New York ($237), Chicago ($186), and Los Angeles ($194). In Los Angeles, however, Airbnb is a close second — trailing by only $5. Average Airbnb price in New York came in at $167 per night and $173 per night in Chicago. The Hilton and The InterContinental Hotels Group consistently rank third and fourth respectively in these cities in terms of cost per night. Interestingly, excluding Airbnb, these hotels are all most expensive in New York, followed by Los Angeles, and Chicago in third. Airbnb breaks this pattern by being most expensive on average in Los Angeles, then Chicago, followed by New York in third.