Airbnb Storytelling Case Study

🏙️ Airbnb Storytelling Case Study: A deep dive into Airbnb listings in New York to derive insights and deliver tailored findings for various stakeholders through comprehensive analysis and visualization.

🔗 Resources:

  • Python Notebook: Detailed code and analysis.
  • PPT I: Technical insights for Data Analysis Managers and Lead Analysts.
  • PPT II: Strategic insights for decision-makers and stakeholders.
  • Interactive Tableau Dashboard: A dynamic tool for data exploration.

Objective:

  • Provide actionable insights into market trends.
  • Enhance understanding of property/host acquisitions and customer preferences.
  • Offer recommendations to improve Airbnb's marketing and operational strategies.

Presentations:

  • Presentation I: Audience: Data Analysis Managers and Lead Analysts. Focus: Technical insights and data-driven observations.
  • Presentation II: Audience: Heads of Acquisitions, Operations, and User Experience. Focus: Strategic recommendations and actionable insights.

Key Insights:

  • Shared rooms need improvements to boost user satisfaction.
  • A distributed host strategy outperforms reliance on top hosts.
  • Manhattan and Brooklyn account for over 80% of listings, showing high concentration.
  • Lower minimum night requirements enhance customer convenience.

Analysis Overview:

  • Data Preprocessing: Cleaned and derived features for better analysis.
  • Univariate Analysis: Explored individual attributes like price, room type, and neighborhood.
  • Bivariate/Multivariate Analysis: Identified significant patterns and correlations.

Recommendations:

  • Inspect shared room listings for quality improvements.
  • Focus on collective host performance rather than individual hosts.
  • Expand listings in underrepresented neighborhoods.
  • Optimize minimum night requirements to enhance customer convenience.

Future Steps:

  • Enhanced Data Collection: Include review scores for more comprehensive analysis.
  • Clustering Models: Use machine learning to group similar listings for improved targeting.