Airbnb is an incredibly popular rental option for travelers all over the world, but the numbers suggest that it’s not even close to disrupting the hotel market.
An analysis done by a company called STR looked at the information from 13 different markets between December of 2013 and July of 2016. When comparing comparable listings, they found that the places that had the highest rate of Airbnb listings were the same places that had the highest hotel bookings as well.
Despite the high numbers of Airbnb rentals in those places, the hotels still had a normal amount of nearly booked nights with high rates.
One of the reasons for this is that business travelers are still more likely to stay in hotels than AirBnbs, and another reason is that the Airbnb stays tend to be longer. When people are looking for a spot to post up for a longer amount of time it makes sense that they might consider a house over a hotel.
Some 46 percent of Airbnb rentals are over a seven day time period, as opposed to nine percent of hotel stays. When people are only staying somewhere for a couple days they’re just more likely to swing for the convenience and flexibility of a traditional hotel.