Stefan Nikolic: Managing Director of Zodiak on the revelation that Airbnbs are more expensive than hotels in Auckland

Travellers take note: Airbnb’s may no longer the budget option.  Auckland has been revealed to be one of 25 cities across the globe where the average hotel room is now cheaper than a private rental by 19%.  Auckland ranks twelfth on the list, with London, Amsterdam, and Singapore taking the top three spots.  Stefan Nikolic, Managing Director of Zodiak, told Mike Hosking that the cost of Airbnbs haven't gone up too significantly over the past year.  He said that the properties they manage within some Auckland hotels are, on average, $50 cheaper per night.  Nikolic said that these figures may be the result of the cities being major cities and major tourist destinations.  LISTEN ABOVE See omnystudio.com/listener for privacy information.