/Airbnb_Market

Meeting the high demand for temporary lodging for anywhere between a few nights to many months

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Exploring NYC Airbnb Market🚀

Brief Introduction✨

Welcome to New York City (NYC), one of the most-visited cities in the world. As a result, there are many Airbnb listings to meet the high demand for temporary lodging for anywhere between a few nights to many months.

The aim of this project is to analyse the data✨

My analysis will be focused on the following questions:
  1. What is the average price of an Airbnb listing per night in NYC?

  2. Compare the average price of an Airbnb listing, to the private rental market per month

  3. How many adverts are for private rooms?

  4. Compare Airbnb listing prices across the five NYC boroughs

With my analysis, I was able to gain insight of the data; the questions above were answered!

Here are my results✨

  1. The average price per night for an Airbnb listing in NYC is $141.82. I was able to do that by filtering the free listing
    (that is by removing the ones that had $0) and calculating the average of the remaining ones in the column.

  2. I was able to compare the monthly costs of airbnb listing which was: $4313.61; while in the private market one would pay $3,100.00 according to Zumper (as at 2019)

  3. The listing for airbnb privates rooms were about 45% of the total listing; which was about 11,356 listing

  4. I was able to make use of "Manhattan, Midtown", "Brooklyn, Clinton Hill", "Manhattan, Murray Hill", "Manhattan, Hell's Kitchen" and "Manhattan, Chinatown" to compare the price listing across boroughs.


    This shows the price range of each borough and the number of people that rented the houses based on the pricing category.


    5. Note: Budget: $0-$69, Average: $70-$175, Expensive: $176-$350, Extravagant: > $350