, 2022-12-16 00:00:26,
Although prices are high due to inflation, many still plan on traveling for the Christmas holiday. Therefore, finding ways to save on travel costs (opens in new tab) are important this year, and can be done in a variety of ways. One way to save money when traveling is to choose the right accommodation. Decide which is more cost effective for your specific plans, hotel or Airbnb?
Deciding whether a hotel or Airbnb is more cost effective depends on different factors influencing your trip, such as how long you’re staying and how many people you’re traveling with. Keep reading to determine which is the best choice for your upcoming travels.
Length of stay
To start, take into account how long your trip is going to be. Are you going somewhere for two days or a whole week? The answer to this question can help you narrow down which option is a better financial decision.
Staying in an Airbnb will end up being more expensive if you’re only renting it for a short stay. In fact, the nightly rate for a seven night stay in an Airbnb is 32% (opens in new tab) cheaper than the rate for a single night. Booked monthly, that nightly discount is 46% (opens in new tab) cheaper compared to a one night stay.
Longer stays are cheaper for a few reasons. Typically, Airbnbs carry a pretty steep cleaning fee, regardless of how long your stay ends up being. Additionally, longer stays can sometimes incur less occupancy taxes.
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