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BOOKING an Airbnb for your travels could potentially save you a few bucks, but that doesn’t apply to every city.
For the first time this year, six of the 15 most expensive cities are in Asia-Pacific.
“A combination of high hotel and apartment costs and strong tourism has Airbnb rates in some Middle Eastern cities among the world’s priciest. Miami and Boston took the top two spots in the average daily cost of lodging in private dwellings for the second straight year. Airbnb owners asked for $205 a night and $195 a night, respectively, in the two cities,” Bloomberg reported.
“However, the Middle East has been climbing in the annual index and this year has five destinations among the top 15 priciest global cities: Tel Aviv and Dubai at Nos. 4 and 5, and Jerusalem, Riyadh and Kuwait City also near the top.”
Why are Tel Aviv and Dubai drumming up such high numbers?
Accoding to Ben-Gurion University lecturer of statistic Yoav Kerner, pricey Airbnb listings in Israel has got less to do with a tourism boom and more to do with the high costing of housing in Tel Aviv and Jerusalem.
“Apartments in Tel Aviv typically eat up at least three-quarters of the average person’s gross income. Since Airbnb owners want a premium over what they could earn renting out their units for a full year, that drives up short-term rental cost,” said Kerner.
In Dubai, expensive short-term rentals are likely a result of high hotel rates in the Emirati city, where more than 70 percent of hotel rooms are four-star or above.
The city has been spending billions to boost its tourism sector in hopes of attracting 20 millions visitors by 2020. Since August 2017, Dubai’s supply of Airbnb listings has more than doubled to 3,249 units.
These are Asia-Pacific’s most expensive cities for Airbnb stays, according to the Bloomberg:
Tel Aviv, Israel (US$188)*
Source; Shutterstock.
Dubai, United Arab Emirates (US$185)
Source: Shutterstock.
Jerusalem (US$175)*
Source: Shutterstock.
Sydney, Australia (US$175)
Source: Shutterstock.
Riyadh, Saudi Arabia (US$171)
Source: Shutterstock.
Kuwait City, Kuwait (US$155)
Source: Shutterstock.
Singapore (US$154)
Source: Shutterstock.
It’s important to note that Airbnb’s figures differs from Bloomberg’s.
This is because Airbnb’s numbers show the average daily rate of places that are actually booked while Bloomberg takes into account all of the listings advertised on Airbnb in each city.
The post These are Asia-Pacific’s priciest Airbnb cities appeared first on Travel Wire Asia.
Source: travelwireasia.com