Some like it hot. Some like it cold.
Miami and Reykjavik are among the top five most expensive destinations in the Bloomberg World Airbnb Cost Index of more than 100 cities.
Bloomberg compiled the data based on the average daily cost of lodging in private dwellings, regardless of accommodation type, for two guests.
Miami ranks No. 1 and Reykjavik ranks No. 5 with Boston, Dubai and San Francisco in between.
The separate Bloomberg World Hotel Index also counts Reykjavik among the top five for accommodations rated 3-star and above, for two adults in a double-occupancy room. Miami is No. 7 in this index. San Francisco, Los Angeles and Boston are the three top-ranked, with Seattle No. 5.
The U.S./Canada and Middle East are the only global regions where the differential between hotel and Airbnb costs has narrowed, the Bloomberg indexes show.
Uncertainty about new rules and the court challenge may drive down Airbnb supply in Miami, according to Sundararajan.
“It makes some people hesitant to host,” he said. “People just don't understand what's legal, what's not legal.”
Chris Lehane, Airbnb's head of global policy and communications says Miami costs may reflect "that this is just a pricey tourism market, which would seem to be the simplest conclusion based on the data we are aware of and the information that's publicly available." Airbnb "still ends up being significantly less than the hotels," he added.