ANALYSIS REPORT Airbnb Price Gouging for 2018 Mardi Gras

New Orleans, Louisiana

The following report provides a summary of an analysis conducted between February 2-6, 2018 on Airbnb rentals available for rent on February 13-14 in the New Orleans area, host location for the Mardi Gras 2018. Data and pricing was pulled directly from the Airbnb.com website.

From normal rates on Airbnb

To highway robbery on Airbnb

Screenshot on Airbnb (No dates selected)

Screenshot on Airbnb (Feb 13-14, night of Fat Tuesday)

REPORT Airbnb’s Mardi Gras price gouging in New Orleans, LA – February 13-14, 2018

AIRBNB MARDI GRAS PRICE GOUGING - 2018 Below is a sample list of Airbnb rentals with significant price increases for Mardi Gras in New Orleans. Many of these listings are not true home sharing, but instead a cover for commercial operators who are taking advantage of the system. (**Denotes commercial operator with multiple other listings)

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Airbnb's in New Orleans

Mardi Gras Feb 13-14 Rate/Night

Feb 20 Rate/Night

$ Rate Increase

Percent Increase

Jazzy Penthouse ** $1,600 $332 $1,268 382%

Hosted by Nola Management** $1,800 $299 $1,401 468%

Hosted by New Orleans Properties** $1,600 $188 $1,412 751% Hosted by Nola Property

Management** $2,500 $1,000 $1,500 150%

Hosted by Angela** $1,280 $380 $900 237%

Hosted by Carolyn $975 $300 $675 225%

Hosted by Sam** $1,688 $800 $888 111%

Hosted by Sam** $950 $310 $640 206% Hosted by Southern Girl Property

Management** $1,250 $425 $825 194%

Private Bedroom $1,000 $46 $954 2,074%

Hosted by Alexander $1,000 $56 $944 1,685%

Spacious Downtown NOLA $945 $175 $770 440% *All rates and unit availabilities subject to change per host preference **Denotes commercial operator with multiple other listings including:

- Nola Management (28 listings), New Orleans Properties (12 listings), Nola Property Management (6 listings), Southern Girl Property Management (41 listings), Host Angela (5 listings), and Host Sam (6 listings)

REPORT Airbnb’s Mardi Gras price gouging in New Orleans, LA – February 13-14, 2018

EXAMPLES OF AIRBNB PRICE GOUGING AT MARDI GRAS IN NEW ORLEANS Ad Listing: 5 blocks to the French Quarter!

Entire house · New Orleans, Hosted by New Orleans Properties a commercial operator with currently six other listings on Airbnb.

February 12-14 February 26-28

$1,600/night $188/night https://www.airbnb.com/rooms/21967263?location=New%20Orleans%2C

%20LA%2C%20United%20States&check_in=2018-02-12&s=SVMy1Upm&guests=1&adults=1&check_out=2018-02-14

https://www.airbnb.com/rooms/21967263?location=New%20Orleans%2C%20LA%2C%20United%20States&check_in=2018-02-

26&s=SVMy1Upm&guests=1&adults=1&check_out=2018-02-28

AIRBNB Price increase for

Mardi Gras

+$1,412/night

751% increase

Screenshot of pricing on Airbnb.com

REPORT Airbnb’s Mardi Gras price gouging in New Orleans, LA – February 13-14, 2018

EXAMPLES OF AIRBNB PRICE GOUGING AT MARDI GRAS IN NEW ORLEANS

Ad Listing: Private Bedroom, 8 mins to French Quarter Private Room · New Orleans, Hosted by Alexander

February 13-14 February 20-21

$1,000/night $46/night

https://www.airbnb.com/rooms/21667165?location=New%20Orleans&check_in=2018-02-11&guests=1&adults=1&check_out=2018-02-14

https://www.airbnb.com/rooms/22958782?location=New%20Orleans%2C

%20LA%2C%20United%20States&check_in=2018-02-20&s=Rxt_hJtS&guests=1&adults=1&check_out=2018-02-21

AIRBNB Price increase for

Mardi Gras

+$954/night

2074% increase

Screenshot of pricing on Airbnb.com

REPORT Airbnb’s Mardi Gras price gouging in New Orleans, LA – February 13-14, 2018

EXAMPLES OF AIRBNB PRICE GOUGING AT MARDI GRAS IN NEW ORLEANS Ad Listing: Jazzy Penthouse (Prime Mardi Gras Location)

Entire Apartment · New Orleans, Hosted by Nola Management a commercial operator with currently 28 other listings on Airbnb.

February 13-14 February 21-22

$1,600/night $332/night https://www.airbnb.com/rooms/17106355?location=New%20Orleans%2C

%20LA%2C%20United%20States&check_in=2018-02-13&s=-s0jxbJG&guests=1&adults=1&check_out=2018-02-14

https://www.airbnb.com/rooms/17106355?location=New%20Orleans%2C%20LA%2C%20United%20States&check_in=2018-02-21&s=-

s0jxbJG&guests=1&adults=1&check_out=2018-02-22

AIRBNB Price increase for

Mardi Gras

+$1,268/night

382% increase

Screenshot of pricing on Airbnb.com

REPORT Airbnb’s Mardi Gras price gouging in New Orleans, LA – February 13-14, 2018

EXAMPLES OF AIRBNB PRICE GOUGING AT MARDI GRAS IN NEW ORLEANS Ad Listing: Easy-wood steps from French Quarter and Bourbon

Entire Apartment · New Orleans, Hosted by Nola Management a commercial operator with currently 28 other listings on Airbnb.

February 12-14 February 26-28

$1,800/night $299/night https://www.airbnb.com/rooms/20211018?location=New%20Orleans%2C

%20LA%2C%20United%20States&check_in=2018-02-13&s=-s0jxbJG&guests=1&adults=1&check_out=2018-02-15

https://www.airbnb.com/rooms/20211018?location=New%20Orleans%2C%20LA%2C%20United%20States&check_in=2018-02-26&s=-

s0jxbJG&guests=1&adults=1&check_out=2018-02-28

AIRBNB Price increase for

Mardi Gras

+$1401/night

468% increase

Screenshot of pricing on Airbnb.com

REPORT Airbnb’s Mardi Gras price gouging in New Orleans, LA – February 13-14, 2018

EXAMPLES OF AIRBNB PRICE GOUGING AT MARDI GRAS IN NEW ORLEANS Ad Listing: Uptown Mansion w Entertainment Suite Entire House· New Orleans, Hosted by Nola Property Management a commercial operator with currently six other listings on Airbnb.

February 13-14 February 20-22

$2,500/night $1,000/night https://www.airbnb.com/rooms/22106588?location=New%20Orleans%2C

%20LA%2C%20United%20States&s=O_yMj8JJ&check_in=2018-02-13&guests=1&adults=1&check_out=2018-02-14

https://www.airbnb.com/rooms/22106588?location=New%20Orleans%2C%20LA%2C%20United%20States&s=O_yMj8JJ&check_in=2018-02-

20&guests=1&adults=1&check_out=2018-02-22

AIRBNB Price increase for

Mardi Gras

+$1,500/night

150% increase

Screenshot of pricing on Airbnb.com