Last updated on May 23rd, 2024
8 Best AirDNA alternatives for 2023 (Free and Paid): Did you know that there are AirDNA alternatives in the market? Check out the indirect competitors of AirDNA and learn how you can innovate!
Did you know that there are AirDNA alternatives in the market? Check out the indirect competitors of AirDNA and learn how you can innovate!
- Last updated May 23, 2024
Fueled by the rise of Airbnb, AirDNA has become known to many Airbnb hosts as a short-term rental analytics tool since 2015. This tool allows you to see short-term rental data from any market worldwide.
Why hosts are looking for AirDNA alternatives? The most common reason is data accuracy. Furthermore, their granular data points, such as listings level data or historical data from 2015, are not available in their Pro plan. Those are exclusively available in Advanced plan, and you need to speak to their sales people before trying it out and to get a pricing quote.
We have tried our best to list out all the AirDNA alternatives to help you find what’s best for you. Before that, here’s a quick rundown.
Top 3 alternatives 🚀
AllTheRooms: Cheapest alternative.
Mashvisor: Alternative for US investment search.
Airbtics: The most accurate alternative.
Other sites like AirDNA 🔎
Rabbu: For realtors.
InsideAirbnb: For academia and activists.
BeyondPricing & PriceLabs: For property managers.
We also included one free AirDNA alternative at the end of the article!
What is the use of Short-term Rental Analytics?
1. TO UNDERSTAND THE POTENTIAL CASH RETURN OF A NEW SHORT-TERM RENTAL INVESTMENT
People who are thinking of buying a vacation home need to figure out how much they will make if they buy a certain property. It’s especially important for short-term rental investments because depending upon the location and demand for the property, the net rental yield can vary from 1% to 25% annually. The right data points should allow you to differentiate high-yield properties from low ones.
2. TO INCREASE AIRBNB’S INCOME BY PRICING BETTER
If you already own rentals, pricing is one of the most important aspects if you’d like to increase your revenue. The correct pricing helps you to get more bookings at better prices, attract the right guests, and keep running a profitable short-term rental business! The right short-term rental analytics should provide actionable insights into the prices you should set for your property.
3. TO SET BENCHMARKS BASED ON THE TOP-PERFORMING PROPERTIES
The saying goes, “If you can’t measure, you can’t improve”. If you’d like to improve your short-term rental business, you need to compare your property against the market’s top performers and average performers. What is your property’s performance (occupancy rate, daily rate, booking lead time) when measured against your market? The right short-term rental analytics should allow you to benchmark your property against competitors.
There are two points to mention in our coverage of short-term rental analytics options.
Data quality is important and we measured data quality by the type of metrics shown and the granularity of the data.
Data coverage is another essential factor, and we measured data coverage by geographic coverage and data update frequency. Now, let’s get to the tools we looked at for this article.
Review of Top 8 AirDNA alternatives & competitors
1. Airbtics
Airbtics is the highest quality short-term rental analytics. The company was started by Jae An in 2019. Airbtics tracks all the Airbnb listings, and is accurate enough for them to predict Airbnb’s Gross Booking Value with 97% accuracy before they release their quarterly earning report.
We gave five stars for data coverage since they cover global markets and update data every day or every week, depending on which plan you choose. For data quality, we would give it five stars because it provide individual booking and pricing projections, guest origin, detailed revenue breakdown, and individual property performance data. Furthermore, they have the best Airbnb Calculator.
Unlike AirDNA, this short-term rental analytics provides a 15-day money-back guarantee, which means if you aren’t happy with their service, you can cancel your subscription. Nevertheless, Airbtics customers seem to be pretty happy with the value they’re getting.
Alongside this, you can book a free consultation call with their customer support if you want more guidance in finding the best places to invest.
Another great thing about Airbtics is, that they also provide custom data and API for vacation rental managers, tourism boards, investors and financial institutions.
2. AllTheRooms Analytics
AllTheRooms Analytics helps you to analyze short-term rental markets and monitor your short-term rental competition.
First, we gave four stars for data coverage since they cover global markets, but they don’t clearly state how frequently they update their data. What our analysts found is that their market data seems to be updated every month.
Secondly, we gave three stars for data quality because AllTheRooms provides supply, booking lead time, and future booking data at the market level. Unlike Airbtics, the platform doesn’t have guest origin or individual property performance data. All The Rooms have basic and pro plans which cost $19 and $49 per month. Their filter allows you to get insights into the market performance of various types of properties and has a few more options than AirDNA.
3. Mashvisor
Mashvisor helps property investors immediately find out what kind of returns a property will provide and what you need to outperform the rental market. We gave one star for data coverage since Mashvisor only has U.S. market data.
Next, we gave two stars for data quality because Mashvisor doesn’t provide details for important metrics like booking lead time, property level future pricing data, extra guest fees, and the like.
Even though they don’t provide detailed short-term rental metrics, their pricing seems to be attractive for U.S. property investors.
You can now explore market data of a few U.S. neighborhoods at $60/quarter.
4. Data Rabbu
Data Rabbu is an online platform that tracks the performance of Airbnb properties in the USA. Particularly assisting real estate investors and property managers to determine profitability and optimize business, Data Rabbu offers end-to-end property management services. Although it has a feature that presents insights into Average Daily Rates, Occupancy Rates, and Monthly Revenue, one of the downsides of using Data Rabbu is it could be difficult for new users to navigate data. It’s also limited to accessing data only within the USA, therefore, property investors who want to invest in other places outside America will need to use the right software that focuses on short-term rental analytics with the option to analyze data from other countries in the world.
Data Rabbu is free to use!
5. STR Insights
STR Insights is a new option that features the US market for your short-term rental property. Similar to other short-term rental tools, STR insights presents comprehensive data for revenue potential and property values. According to their website, a monthly subscription with STR insights costs $390/mo. On a personal note, it’s a little difficult to gauge this software’s reliability as there aren’t a lot of user reviews yet.
8. WheelHouse, PriceLabs, DPGO and others
Before we sum up, we’d also like to mention the above dynamic pricing solution providers in this post since AirDNA also offers future pricing data to properly set a price for your rentals. But did you know that these dynamic pricing tools also show some basic market insights and advanced pricing data for your markets? If you already manage properties and you are looking for a tool for pricing, these 3 tools are for you.
Still, many tech-savvy revenue managers (or Airbnb hosts) are not happy with dynamic pricing solutions because they constantly have to override the suggestions. If this sounds reasonable to you, you may want to check out Airbtics CompSet page, which allows you to build your own Competitor Sets and track their next 365 days’ rates and booking situations.
To learn more, here is a youtube video that explains more about the CompSet feature.
What are the best AirDNA alternatives?
To sum up, Airbtics and AllTheRooms are AirDNA’s direct competitors. On the other hand, Mashvisor, WheelHouse Pricing, and Beyond Pricing are AirDNA’s indirect competitors.
After our analysts compared all the tools, they concluded that Airbtics is the best AirDNA alternative based on our criteria (data volume, data coverage, pricing). Here are the things we liked best about Airbtics:
- Covers worldwide markets
- Has 12 months of projected pricing data at the property level
- Has historical individual listing performance data
- Has advanced filtering (e.g. beachfront, view) options
- Has guest origin and tourism insights data
A growing number of people are choosing Airbtics over AirDNA in 2024, but as you can see, choosing the right short-term rental analytics tool for your property investment or Airbnb management business requires you to evaluate quite a few things! Not a simple task. Hope our post guided you a little better.
Are there any free AirDNA alternatives?
InsideAirbnb: It’s a free website launched by Murray Cox in 2016 to debunk illegal Airbnb listings in NYC. It only has coverage in a few cities. Therefore, if you are looking for data points for investing or managing Airbnb, this might not be the best tool.
How accurate is AirDNA?
AirDNA and Airbtics get data by web scraping. They are able to track the bookings made from other sites like VRBO or Booking.com. However, at the individual listing level, the data is not 100% accurate; more like the data is within a 10% difference in 95% of cases. Still, their data is fairly accurate at the market level. Here are two tips on improving accuracy:
1. Review the comps. These software choose comps based on their pre-defined algorithms; each short-term rental property is unique. Therefore, you need to choose which listings you want to compare the data for.
2. Remove anomalies. Beware of extreme data (like a 95+% occupancy rate).
Notable Mentions
Awning is a property management company that provides free short-term rental insights for the US nationwide. Their data is powered by Airbtics! Although their data is mainly from 2022, this can give you a quick insight into your market.
SeeTransparent is another company providing short-term rental data. They mainly focused on the European region. They were acquired by OTA Insight in 2022. Now, they renamed their product as “Lighthouse“.
Conclusion
In summary, there is a wide variety of best short-term rental analytics in the market that are extremely reliable and accurate. Airbnb investors should certainly not make impulsive decisions without conducting thorough market research.
It’s 2024 – and you shouldn’t settle for less! Basing your investment decisions on guesses and intuitions are no longer applicable in the digital era. The AirDNA alternatives mentioned in this article will open doors to even greater opportunities to leverage your business.
Whether you are a property investor, manager, or an Airbnb host running a short-term property business, it’s highly recommended to check on several alternatives to find the best fit for you. With the help of comprehensive and updated STR software like Airbtics, you can stand out from vast competitors within your area and make the wisest investment decisions based on accurate data.
