Is Airbnb really cheaper than a hotel?

A popular reason for using Airbnb is that it’s a better deal than a hotel. But is it? Priceonomics has put together an interesting map that compares average Airbnb rates to hotel room equivalents in every major US city. The results?

“We discovered that Airbnb apartment rentals cost 21.2% less than staying at a hotel. And if you’re on a budget, you can save 49.5% if you decide to stay in a private room at a host’s house instead of staying in a hotel.”

There’s a lot more to this interesting study, which you can read here.