For the class project, you will find the price difference a group of five travellers (2+2+1) will see if they were staying in an Airbnb compared to a hotel.

Head over to Airbnb.com and filter properties based on the following criteria:

In the location field, enter the area you are looking to start hosting
Choose any weekend (Fri-Sun) at least two months out in the date dates.
Add guest count, enter five adults
Hit the search button

On the next search results screen that follows:

choose 'Type of place' = Entire Place
Click on More filters.
Under the 'Rooms and beds' section, choose three rooms, three beds, two bathrooms.
Under the Amenities section, choose WiFi, Kitchen and Washing machine
Under the 'More options' section, choose Superhost
Click on the button 'Show XXX stays.'

Note the lowest priced property on the first page of the search result and find the price of a similar standard hotel in the area for five people.

Calculate the price comparison ratio of Airbnb vs a hotel.

It will always be much cheaper than a hotel on any date for a group of >3 people.

Chukwuma Egbujor

--

1