Since it was first founded in 2008, Airbnb has become a household name, nearly synonymous with the concept of short-term rentals. According to their website, Airbnb properties are available in more than 34,000 cities in over 190 countries, with 60 million users. This can be a great way to save on accommodations while traveling. (See also: 3 Easy Ways to Get Hotel Deals)
By offering accommodation in locals’ homes and apartments, Airbnb is often able to offer lower rates than traditional hotels, sometimes at unique properties or with added perks (like full kitchens). For solo travelers, renting a room with Airbnb can also be a great way to get to know a local host.
However, you’ll be giving up some hotel conveniences, too. Airbnb isn’t for everyone. But if you’re willing to forego hotel gyms and professional staff, here are five destinations where Airbnb is much more cost effective than a hotel.
In 2015, more than half of Airbnb’s revenue was generated from its European listings. This is an important clue to consumers, as some of the best deals to be had are in expensive European capitals where Airbnb is doing some of its best business.
London is full of tourist sights that any traveler would be excited to see. This capital city is home to Big Ben, Westminster Abbey, and many diverse national museums. However, London is also one of the most expensive destinations for international travelers.
Even budget options in London can be pricey, with hostel dorm rooms often upward of $20 a night for a bed in a room with eight to 10 other people. Needless to say, many travelers don’t want to stay in those conditions, but to book a four- or five-star hotel in the city center costs $250 and up.
According to a 2015 study by Busbud, Airbnb listings were $108 a night cheaper than hotels, making London one of the best destinations to consider saving with Airbnb.
Venice is another European destination you won’t want to miss, but hotels here are notoriously expensive, averaging just over $230 a night according to the Busbud study. However, by booking with Airbnb travelers were able to save an average of $86.
There are plenty of good ways you can put these savings to use while out enjoying the area….