New York is a highly-populated and one of the more popular cities in America. With tourism thriving and boasting of some of the most expensive real estate properties, it is no wonder that many would consider renting out accommodations through AirBnB.
This webpage helps readers to make informed decisions, take advantage of trends and formulate the most profitable strategy.
The outlines of the boundaries denote the designated area of New York City. Other landmasses and sea surround this area.
Illustrates clearly which suburbs thrive well in conducting AirBnB rentals and suburbs that are less desirable to users of the app. Certain suburbs are found to be more popular for AirBnB rentals, due to the facilities nearby and tourism attraction.
Based on the visualization, it can be observed that majority of the listings have relatively low pricing, with high price outliers.
It can be inferred that listings with lower prices tend to gain more reviews, which is presumably a positive thing.
This can also mean that it is more popular with AirBnB customers and therefore, price definitely determines the frequency at which a property is rented out.
This visualization showcases the average price per night for different accommodation types, across the 5 districts.
Manhatten commands the highest average pricing amongst the 5 districts, and in terms of room types, entire homes has the highest price per night of rental.
This can be attributed to the fact that properties in Manhatten are expensive!
This visualisation is created by Kevin for FIT3179. The datasource is Kaggle NYC dataset.