See whether a property is worth more when rented on Airbnb or rented regularly with this app!
Traditional hotel domination of the short term leasing market has declined for the past decade due to the emergence of Airbnb and its competitors such as FlipKey and HomeAway. Airbnb created a new category within the accommodation industry, driving growth across the sector with its loyal patrons and home providers. As the company builds out membership tiers, categorizes the best of home providers as superhosts, and differentiates between family, work and home categories for consumers, Airbnb will control more and more real estate and be able to define the pricing for the industry as it captures massive market share. With that said, price is a major concern of the majority of consumers, and forecasting the prices for Airbnb could help potential hosts considering listing their property on Airbnb.
Realest8 is a web application (http://realest8.herokuapp.com/) that allows for home owners to gain insights into the potential of an listing their property on Airbnb. Using cutting-edge machine learning and data science techniques, Realest8 provides property owners with a tool to not only help them competitively price their Airbnb listings in San Francisco, but also help them compare the profitability of leasing their property on Airbnb versus traditional renting.