Airbnb Inc. is an American company operating an online marketplace for short- and long-term homestays and experiences. Started in 2007 with an air mattress in an extra room, Airbnb today has a market capitalization of over $90 billion with 7M+ listings, 4M+ hosts covering 100K cities and towns in 220+ countries and regions worldwide (1).

However, recently, many countries around the world, including in Asia, have started to place restrictions on Airbnb, especially short-term rentals in order to counteract its negative effects on local residences (it has been accused of inflating house prices, pushing out locals, straining resources and fuelling overtourism) (2). These regulations have resulted in dramatic changes on listings and how it runs in different local markets.

For example, Japan enforced new rules in 2018 requiring Airbnbs be registered with the government and limited short-term rentals to 180 days per year. A few months after that, nearly 80% of Japan's Airbnbs (unregistered properties) were removed (originally at more than 62,000 has dropped to 13,800 after 3 months accross the country) (3). Each property that is showing up today is playing by the rules. In Singapore, there are currently no licensing requirements for Airbnb properties, however, property rentals must be at least 3 months long (for private properties) or 6 months long (for public properties - HDB). HDB flats also cannot be rented out to tourists (4).

Within this context, this project aims to provide broad audiences with the latest big pictures of Airbnb listings (Data dated Jun 2023) in some famous tourist-attracted cities in Asia including Bangkok, Tokyo, Taipei, Hongkong and Singapore. The project will anwser some questions such as:

1. How many listings and hosts are there in each city? Single-listings or multi-listings? How many listings does each host have?
2. What types of room are listed? Which one is the most popular?
3. Which rental term is more popular? Short-term or Long-term?
4. How do the prices differ between room types and cities?

The dataset was provided by Inside Airbnb with Data Policies and Disclaimers.

The data utilizes public information compiled from the Airbnb web-site. Data is verified, cleansed, analyzed and aggregated. No "private" information is being used.

This project will use 5 CSV files (city-listings.csv) of 5 Asian cities downloaded from Inside Airbnb website (dated June 2023), with the same structure and format.

Data Dictionary as follows:

The goal of the Airbnb Listings Analysis of 5 Asian Cities project is to conduct a comprehensive analysis of lodging properties listed on Airbnb in Bangkok, Tokyo, Taipei, Hongkong and Singapore to derive meaningful insights into listings in these markets.

The primary tool used for the analysis is Microsoft Power BI, which enables the connection to the dataset, data transformations and the creation of a meaningful and insightful report.

1. Data Acquisition: The initial step involved downloading the listings dataset from Inside Airbnb website.
2. Data Connection: Import 5 csv files into MS Power BI Desktop, append all queries as a new query, display source table name column as the city name.
3. Exploratory Data Analysis: Use Query Editor to gain insights into the data quality, structure and distributions.
4. Data Cleaning: Due to the high quality of the dataset, no significant data cleaning was necessary.
5. Data Modeling: There is only one large table appended from 5 csv files (of 5 different cities) with the same format and structure. There are some new tables created for easier and clearer calculation of measures. New relationships are established respondingly.
6. Comprehensive Analysis: Utilized calculated columns and measures to generate new data insights and enhance analysis capabilities.
7. Detailed Report: One-page report featuring valuable insights and practical information about Airbnb Listings in 5 Asian Famous Tourism Cities: Bangkok, Tokyo, Taipei, Hongkong and Singapore.

MS PowerBI Link

• Listings Count: Among 5 cities, Bangkok has by far the most number of listings. Singapore has the least listings but the highest percentage of recently active listings (>80%). On the contrary, nearly 80% of listings in Tokyo have no reviews in the last 6 months.
• Listings per Host: Almost 2/3 hosts in Bangkok have only one listing. In all cities, nearly a half of all hosts own 10+ listings. More than 1/3 hosts own 10-99 listings. In Hongkong, nearly 1/3 of hosts have 100+ listings, while in Taipei and Tokyo, no hosts have more than 100 listings. Top 10 Hosts own total 2.9K listings, equivalent to 6.7% of all listings, mainly distributed in Hongkong.
• Room type: Entire home/apartment is the most popular room type in almost all cities, except for Hongkong, where Private room is predominant. Hotel room and Shared room are less common in all cities, account for only 5-10% of all listings.
• Terms: Nearly 70% of listings in Singapore and more than 50% of listings in Hongkong require long-term rentals, while almost all listings in Tokyo accept short-term rentals.
• Prices: Airbnb is not always cheaper than a hotel! Entire home/apartment is 35-45% more expensive than hotel room in Singapore and Hongkong. Singapore is most expensive with prices of 3.3 -2.5 times higher than the figures of Bangkok and Hongkong respectively. Prices in Singapore also fluctuate within the widest range, followed by Taipei. In all cities, mean prices are much higher than median, which means the majority of prices are lower, but have unusually high values.