Ever wanted to explore some of the world’s greatest cities without breaking the bank? Well, we’ve got you covered, because this article will reveal some of the top cities across the globe that are suitable for travellers exploring on a budget.
A new study by CIA Landlords has analysed the average cost of staying in Airbnb properties, with their key findings indicating the top five cities for travellers who want to go on a cheap holiday.
Cusco in Peru is the top cheapest location, where the average cost to stay in an Airbnb there for one night is £27 (125.92 Sol). In second place is Nairobi in Kenya, with the average cost being £32 (4,583.66 Kenyan Shilling).
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Burj Khalifa, the tallest man made structure in the world at 828 metres
(Image: Getty Images)
What’s more, Nairobi is nearly 30 times cheaper than the most expensive city, Dubai, which costs £930 per night. Airbnb landlords with properties near the Burj Khalifa can make their money back in just a whopping four months.
But, this is only a profitable location for landlords who have a property near the world’s tallest building, as those further away rent for just £181 a night. New York is second for charging the most for Airbnbs, with those staying near Central Park paying £767 per night.
Despite it being cheap for travellers, Cusco is the most unprofitable location for landlords to begin their Airbnb business as it would take over 13 years (4,810 nights) for them to earn their money back here.
The table below shows the top five cheapest Airbnb locations for travellers:
Meanwhile, Niagara Falls City in the USA is the most suitable place for budget travellers planning to visit some popular tourist attractions.
To view the full research please visit CIA Landlord Insurance.
Have a story you think we should cover? Email alexandra.bullard@reachplc.com.
