What a year it has been for homesharing! Both Airbnb and HomeAway announced passing 1 million listings in 2014.
As we prepare for the busy holiday season, we decided to take a look at the markets around the world where Beyond Pricing helps hosts price their homes to account for big events like New Year's Eve. Turns out, Boston in the dead of winter is not the place to be. Shocking.
So where are revelers piling in to homeshares and Airbnbs to ring in the New Year, then?
For 2014, the beach is the place to be: Sydney and Miami are the most sold out markets in the world.
As the Sydney Morning Herald pointed out, hosts are already seeing a lot of requests but it is staggering to see how much of an impact NYE is having.
One of the metrics we look at to see what demand is the number of available rooms or homes in a city. As you can see in the graph, there is a huge drop in the number of available units in Sydney over New Year's Eve, going from over 45% available to almost entirely full with only 18% of places available.
Miami sees a similar surge in demand, going from over 60% available to under 20% available.
Not to be left out, the big shopping and cultural centers of New York, Paris and London also see huge influxes of people staying in homeshares.
So who's left behind, besides poor Bean Town (maybe it's the large number of overpriced Airbnbs there)?
Here are some samples for our other markets.
But if you're looking to escape the crowds and book a great (and cheap) option for New Year's Eve, head to LA for beaches or San Francisco for culture and food!
Beyond Pricing provides automatic, demand-based dynamic pricing software for homeshares, vacation rentals, and Airbnb and HomeAways. Our team of experienced revenue management gurus have helped thousands of hosts and owners make 10-40% more revenue.