Insights from Airbnb

Analysis/Dataset Pre-COVID
By Abhilash & Harshit
Agenda

• Objective
• Background
• Key Insights and Findings
• Conclusion
• Appendix
1. Used data Sources
2. Assumption made in Data Model
3. Document of Analysis Methodology
Objective

1. To improve strategies for business revival in the past-COVID period.

2. To understand the key insights gained from Airbnb NYC in pre-COVID
period.
3. Analyzing the customer ratings and preferences of various hosts of
Airbnb.
4. To Analyze the data used to drive key insights from the Pre-COVID
period.
5. Using these insights important decisions will be made for of the NYC
Airbnb business travel in post-COVID period.
Background

1. The COVID-19 pandemic affected Airbnb Business due to travel

restrictions.
2. The revenue took the largest hit in NYC in the Q2 of 2020
3. Now that the travel restrictions are lifted , the business should find
the strategies to recover the losses .
Data Preparation and Cleaning

1. The analysis on data was done using python libraries. The data
received contains 48895 rows and 16 columns.
2. The features in the data had following data types. object(6),
float64(3), int64(7).
3. The data was looked and cleaned, thus removed the missing values
and outliers from it .
4. Visualizations were made using seaborn and Plotly libraries to
understand the key performance indicators from the analysis.
Data Preparation and Cleaning (cont…)
The data had the following features :

Categorical Variables:
- room_type Continous Variables(Numerical):
- Price
- neighbourhood_group
- minimum_nights
- neighbourhood
- number_of_reviews
- reviews_per_month
Location Varibles: - calculated_host_listings_count
- latitude - availability_365
- longitude - Continous Variables could be binned in to groups
Time Variable: too
- last_review
Customer preference of the Three Property Types

1. From the data we can see that there are

three types of rooms.
A. Entire home/apt
B. Private room
C. Shared room
2. The graph shows the demand of Entire
home/apt is 51.96% and Private room is
45.66% .
3. The percentage share of Entire home/apt
and Private room is 97.6% and Shared
room percentage is only 2.4% of the total
listed properties .
Neighborhood group distribution

1. From the data we can see that there are five

types of Neighborhood groups.
A. Bronx
B. Brooklyn
C. Manhattan
D. Queens
E. Staten Island

2. Brooklyn(41.1%) and Manhattan(44.3%)

Neighborhood Groups has the 85.4% properties
listed.

3. Whereas, Staten Island Neighbourhood Group

has < 1% contribution of properites listed.
Distribution of room types within Neighbourhood groups

From the data we can see that the percentage of

distribution of room types with respect to the
Neighbourhood groups.
1. From the chart we can say that, The
Manhattan has 14.7% higher contribution
of Entire home/apt compared to the Overall
Contribution of Entire home/apt in the city.
2. Queens has 23.2% higher contribution of
Private room compared to the Overall
Contribution of Private room in the city.
Preferences of Min Nights stay and Property Price
1. From the data we can see that the number of listings has crossed as high as 12K for min nights, where as for other it
stay below to 5 nights and decreases. A spike in the data is seen at 30 min nights.
2. The data has a spike at 30 days nights stay which can be seen in the chart bellow .
3. Also the volume of number of listings is more when minimum night of stay is lesser than 5.
4. Finally, the properties with higher number of minimum nights of stay is having low reviews, compared to others.
Number of listings Vs Calculated Host Listings Count
1. From the data we can see that there are 32K customers visited the only one time.
2. These visitors may be Travelers or Tourists as these type of people take rooms for one night mostly.
3. Moreover the percentage of people who revisited the same property is also less than the people who
visited the property only once.
Analyzing correlation between features

The following graph shows correlation among

the features :

1. There is negative correlation between

“reviews per month with minimum nights”
and ‘calculated host listings with number of
reviews.

2. The “number of reviews and review per

month” has the highest positive correlation
of 0.54.
Analyzing relation between Price and Number of Reviews
• From the following chart it can be seen that there is a negative correlation/inversely
proportional between Number of reviews and Price.
• From the chart one can say that higher Number of reviews provided on lower Price.
Conclusion
After performing EDA and Visualization on the dataset, various insights were
made on Airbnb listings in NYC Region.

• It is seen that Manhattan Region has highest listing number and also have the highest
range of price.
• Most of the customers choose less than 5 days stay at high price range.
• Properties with high number of minimum nights of stay and higher rent the number
of reviews are decreasing.
Appendix – Data Model Assumptions

1. The data prior to the COVID-19 was helping achieve the desired revenue.
2. We assumed the company is not planning for expansion in new territories of
NYC.
3. We also assumed that, company's strategies are based on the increase in
travel post COVID period.