Accommodation in New York City - additional information
Hotel prices in the United States vary from state to state. In 2013, New York was the most expensive U.S. city for hotels with a median hotel rate of 245 U.S. dollars. San Francisco and Boston ranked second, both with a median hotel rate of 229 U.S. dollars.
Since Airbnb was founded in 2008, the number of people who rent out lodging has increased rapidly. In 2014, Airbnb accounted for an 11.1 percent share of all available rooms in New York City, up from a 6.5 percent share in 2012.
For many of the travelers willing to use Airbnb, it can offer cheaper alternatives to paying for a hotel room. The price gap between Airbnb rooms, Airbnb apartments and hotels was significant as of June 2013. In New York, the cost of a hotel room was about 245 U.S. dollars, while an Airbnb apartment cost around 180 U.S. dollars, but booking an Airbnb room would have really cut spending at just 105 dollars per night.
Opinions about Airbnb among New York residents vary slightly. While 27 percent said they do not want strangers coming into their building if someone is renting their apartment through Airbnb, 42 percent stated that Airbnb is a good source of supplemental income during a July 2014 survey. Some have taken the supplemental income to the extreme: the revenue of the 12 leading commercial Airbnb hosts, those who were offering three or more rental units, in New York City from private short-term rentals between 2010 and 2014 exceeded 24 million U.S. dollars.