AirDNA vs what AirBNB actually shows

[Account Closed]

So, I'm certainly not a power user or expert on AirDNA- but, when I pick a location and it's telling me what the daily rate is, and I go to AirBnB and look up what is really being listed in the area, AirDNA is just way off. AirDNA is projecting way to high of daily rates, from what I'm seeing.

I'll give you an example. San Pedro CA. AirDNA would have you has $238 as the daily rate. AirBnB tells a different story. As in, $100 a night less different. 

If what is't doing is simply averaging out all the listings, thats about as usefull as telling me the average income of people at a wedding that included Waren Buffet as a guest. 

So my question- how useful is the rest of the data it's supposedly gathering? 

Asking because I'm hearing more an more people relying on AirDNA data for purchasing. And they don't seem to be asking these questions. 

[Brett Deas]

First, make sure the listing you are looking at doesn't have anything special attached to it (I.E. discounts and things). 

The way Airdna gets their data is vis a scrub, they take the last known price for a date that goes unavailable and assumes that means it booked at that price. Obviously, this helps them compile a massive amount of data for a market (which is certainly helpful), but on a specific property basis not as accurate. 

If you want something better try Pricelabs as they get their data directly from property managers.