Airbnb is a San Francisco based company that was founded back in 2008 that is unique social media networking service that allows users to list and rent out rooms, homes or any type of living space to those in need. The company has seen outstanding results and now has users offering over 800,000 listings throughout 192 different countries and 33,000 cities. However, recent research by GoEuro.com has revealed that through Airbnb, Boston is the priciest city to stay in when searching through the app and the people living there are expecting high return to let you take up their space.
When covering over 150 cities of listings, it turns out an average studio apartment in Boston will cost people $273 a night to live there. Since last year, Boston has been providing a lot of Airbnb’s traffic because of it’s multiple universities in the city and surrounding areas, so it makes sense that people are trying to cash in (or take advantage of) these students hoping to find cheaper living options. Since July 2013, Airbnb has had a 63% user increase in the Boston area and it is continuing to grow, but the increased amount of people seeking out living space means the hosts will be able to push their per night prices as more people will be willing to shell out the cash.
For $273 a night people would be able to stay in a relatively nice hotel rather than living with someone they don’t know, which begins to defeat the purpose of the app altogether. While Boston is not considered one of the most expensive cities to live in, it is the most expensive city through Airbnb. Rounding out the top five behind Boston is Cancun, New York, Dubai and Macao – all costing a pretty penny to stay per night. Airbnb is providing a great idea and an amazing service that helps people to find living arrangements quick and easy, but users should beware that certain cities might not be as cheap as they believe!
Photo by Chris Weeks/Getty Images for Airbnb
