The cost of a stay: has Airbnb lost its competitive advantage in terms of price?

Higher rates, expensive service fees, and more threaten Airbnb’s reputation as a cheaper alternative to hotel stays.

Rates on the accommodation platform have increased by up to 45% for summer stays in the UK, with some basic NI coastal properties costing over £ 2,000 for a week’s stay for a basic twin in Coleraine.

Another property in Coleraine – a two bed apartment – costs £ 2,150 for a week stay in August, including a £ 300 ‘service charge’ and a three bed property, also in the vicinity of Coleraine , charges £ 500 per night with an additional service charge of £ 593.

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