publication . Preprint . 2018

Unravelling Airbnb Predicting Price for New Listing

Choudhary, Paridhi; Jain, Aniket; Baijal, Rahul;
Open Access English
  • Published: 25 May 2018
Abstract
This paper analyzes Airbnb listings in the city of San Francisco to better understand how different attributes such as bedrooms, location, house type amongst others can be used to accurately predict the price of a new listing that optimal in terms of the host's profitability yet affordable to their guests. This model is intended to be helpful to the internal pricing tools that Airbnb provides to its hosts. Furthermore, additional analysis is performed to ascertain the likelihood of a listings availability for potential guests to consider while making a booking. The analysis begins with exploring and examining the data to make necessary transformations that can b...
Subjects
free text keywords: Quantitative Finance - General Finance
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