Visualizing the Airbnb Landscape in Three Megacities
Since its inception in 2008, Airbnb has grown into one of the most popular travel and short-term accommodation apps on the market.
In 2021 alone, there were more than 300 million bookings (for both accommodation and experiences) made through the app.
To visualize just how massive the Airbnb landscape has become in major cities, this graphic by Preyash Shah shows every single listing in New York, London, and Paris.
About the Data
To make this graphic, Shah used September 2022 data from insideairbnb.com, a website that pulls data directly from the Airbnb app. Once collected, the raw data was then cleaned to include active listings only fitting a few key parameters:
- Any listing that did not have a review in 2022 was removed
- The most expensive listings were individually checked to ensure the listing price matched the actual historical price and removed if there was a major discrepancy. This is due to inactive listings that are extremely marked up instead of de-listed
After scrubbing the data, each city’s immediate metro area was left with roughly 20,000 listings.
As the data shows, a majority of these listings were for entire apartments. Paris had the biggest share, with about 85% of listings for entire apartments rather than private or shared rooms.
This is especially interesting considering that Paris has extremely strict regulations around short-term rentals and Airbnb usage, one being that an Airbnb rental must be someone’s primary residence.
Two co-founders of Airbnb include Brian Chesky and Joe Gebbia, two roommates in San Francisco.
In an act of desperation, they decided to set up and rent out a few air mattresses on the floor of their apartment to help pay their rent. Free breakfast was included with the stay, and after getting $80 a night for each mattress, Chesky and Gebbia knew they were onto something.
Yet, while Airbnb has shown great success over the last decade, it’s received its fair share of criticism from skeptics. Because of concerns over housing supply and price gouging, many cities have put restrictions around the use of Airbnb, or even outright banned the platform.
Like other technology companies, Airbnb has had a challenging year in the stock market. Once valued at $113 billion in 2021, the company is currently sitting closer to a $60 billion market capitalization today.
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Ranked: America’s 20 Biggest Tech Layoffs Since 2020
How bad are the current layoffs in the tech sector? This visual reveals the 20 biggest tech layoffs since the start of the pandemic.
Ranked: America’s 20 Biggest Tech Layoffs This Decade
The events of the last few years could not have been predicted by anyone. From a global pandemic and remote work as the standard, to a subsequent hiring craze, rising inflation, and now, mass layoffs.
Alphabet, Google’s parent company, essentially laid off the equivalent of a small town just weeks ago, letting go of 12,000 people—the biggest layoffs the company has ever seen in its history. Additionally, Amazon and Microsoft have also laid off 10,000 workers each in the last few months, not to mention Meta’s 11,000.
This visual puts the current layoffs in the tech industry in context and ranks the 20 biggest tech layoffs of the 2020s using data from the tracker, Layoffs.fyi.
The Top 20 Layoffs of the 2020s
Since 2020, layoffs in the tech industry have been significant, accelerating in 2022 in particular. Here’s a look at the companies that laid off the most people over the last three years.
|Rank||Company||# Laid Off||% of Workforce||As of|
Layoffs were high in 2020 thanks to the COVID-19 pandemic, halting the global economy and forcing staff reductions worldwide. After that, things were steady until the economic uncertainty of last year, which ultimately led to large-scale layoffs in tech—with many of the biggest cuts happening in the past three months.
The Cause of Layoffs
Most workforce slashings are being blamed on the impending recession. Companies are claiming they are forced to cut down the excess of the hiring boom that followed the pandemic.
Additionally, during this hiring craze competition was fierce, resulting in higher salaries for workers, which is now translating in an increased need to trim the fat thanks to the current economic conditions.
Of course, the factors leading up to these recent layoffs are more nuanced than simple over-hiring plus recession narrative. In truth, there appears to be a culture shift occurring at many of America’s tech companies. As Rani Molla and Shirin Ghaffary from Recode have astutely pointed out, tech giants really want you to know they’re behaving like scrappy startups again.
Twitter’s highly publicized headcount reduction in late 2022 occurred for reasons beyond just macroeconomic factors. Elon Musk’s goal of doing more with a smaller team seemed to resonate with other founders and executives in Silicon Valley, providing an opening for others in tech space to cut down on labor costs as well. In just one example, Mark Zuckerberg hailed 2023 as the “year of efficiency” for Meta.
Meanwhile, over at Google, 12,000 jobs were put on the chopping block as the company repositions itself to win the AI race. In the words of Google’s own CEO:
“Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today… We have a substantial opportunity in front of us with AI across our products and are prepared to approach it boldly and responsibly.”– Sundar Pichai
The Bigger Picture in the U.S. Job Market
Beyond the tech sector, job openings continue to rise. Recent data from the Bureau of Labor Statistics (BLS) revealed a total of 11 million job openings across the U.S., an increase of almost 7% month-over-month. This means that for every unemployed worker in America right now there are 1.9 job openings available.
Additionally, hiring increased significantly in January, with employers adding 517,000 jobs. While the BLS did report a decrease in openings in information-based industries, openings are increasing rapidly especially in the food services, retail trade, and construction industries.
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