A growing number of people are searching for Airbnb rentals, instead of booking into hotels. Is the cost of using Airbnb cheaper than the price of booking into a hotel? Here are some of the points that you need to consider when comparing costs.
Hotels Have Huge Running Costs
Large hotels operate with massive overhead and running costs. From staff to amenities like swimming pools and gyms, the running costs of a hotel are larger than an Airbnb.
With the rising trend in the popularity of Airbnb’s, owners realize that they need to ensure they are covered for renting. Whether the entire property or a room is listed, having strangers in your space can be a nerve-wracking experience, but some people need the additional income and are willing to take the risk.
Luckily, with Airbnb insurance in place, you can ensure you are covered for any damages that occur to your property while others are staying there. The premium Airbnb owners need to pay depends on the amount of money they are making, as well as the frequency they intend to offer their property on the market.
While this insurance covers an owner and is essential to have, this cost is normally passed on to a would-be guest, as the service fee or a slightly higher cost to rent.
Value For Money
Booking several hotel rooms for a large family can be rather expensive. One of the great benefits of using Airbnb accommodation is you can rent whole houses, and the properties tend to be quite spacious.
Families that go away for extended periods offer their entire homes for rent. You can negotiate a competitive rate for the whole house and save a substantial amount of money. Additionally, some owners offer discounted rates if you rent a property for an entire week or month.
You not only get to save some money, but you also enjoy the luxury of having your whole family together in one place. You get a home away from home, at a fraction of the cost.
Keeping It Clean
Certain Airbnb’s offer maid service. Maid services help with washing dishes and keeping the place neat and tidy (you want to make sure to avoid any pests). This is usually an optional add on. So if you are happy to do the work yourself, this can also be ticked off as a cost-saving benefit of why an Airbnb is more cost-effective.
Affordable, Long-Term Stays
Hotels determine the pricing based on demand. If there is a high demand, they can set rates higher than the standard rates during less busy periods. When hotels are faced with high occupancy rates, it can be challenging to negotiate better rates if you require a long-term stay.
Airbnb’s offer a more flexible arrangement, and are often open to negotiating favourable rates for long-term stays. Users who get a special rate can save up to 15% to 20% off the total cost of renting the property.
Privacy for Less
Many travellers enjoy the hustle and bustle of hotel life, but a fair number of people also favour their privacy and count this as a critical feature when they travel.
When you book Airbnb accommodation, depending on the type of accommodation you are often selecting, you can be guaranteed a more private stay.
If you can be more selective and can use Airbnb services, you can unlock more affordable options for you and your family, when compared to hotels. The concept of Airbnb is growing in popularity, which allows you to have options to stay anywhere in the world.