Airbnb vs hotels: a new study reveals the 10 cities worldwide where hotels are cheaper

Average nightly hotel rate: $134.90
Average nightly Airbnb rate: $330.38
Savings: $195.48

According to the report, Airbnbs in Santa Cruz are more than double that of their hotel counterparts. And with worthy options like upscale brand Hyatt Place, the choice to reserve a hotel is hardly a consolation prize.

Average nightly hotel rate: $98.67
Average nightly Airbnb rate: $172.59
Savings: $73.92

The Spanish island of Mallorca is revered for stunning beaches, Mediterranean ambiance, and infectious energy. Hotels here were found to be almost half the price of Airbnbs. This is a good thing, considering hotels are also more likely to offer the tropical, resort-style amenities you'll be looking for such as beach access, pool, and spa.

Average nightly hotel rate: $94.92
Average nightly Airbnb rate: $161.73
Savings: $66.81

With plenty of gold trim, statement wall paper, and rich tapestries, this is exactly the kind of Venetian palace I'd hope to stay in when visiting the floating city. At less than $100 a night and highly-reviewed on Trip Advisor, living like royalty only looks expensive.

Average nightly hotel rate: $143.64
Average nightly Airbnb rate: $200.21
Savings: $56.57

Located in San Diego's downtown Gaslamp district, Moxy mixes high and low with all the style of a boutique offering without a saturated price point.

Average nightly hotel rate: $144.88
Average nightly Airbnb rate: $186.31
Savings: $41.43

There are plenty of name brand hotel options in San Jose, but I'd choose this impressive property instead for its one-of-a-kind character. Plus, when else will you stay in an actual mansion?

Average nightly hotel rate: $168.62
Average nightly Airbnb rate: $193.31
Savings: $24.69

This sleek hotel is brand new and located in happening East Austin. Take advantage of low rates while it's still under the radar, and enjoy easy access to some of Austin's hottest BBQ, music, and dives.

Average nightly hotel rate:$62.45
Average nightly Airbnb rate: $72.01
Savings: $9.56

Yes, $62, you read that right. With such affordable rates, there's a whole 'lotta dough left on the table for many Neapolitan-style pizzas.

Average nightly hotel rate: $89.93
Average nightly Airbnb rate: $96.65
Savings: $6.72

Berlin has tons of swanky, hip properties, but this one caught my eye for its creative design and thousands of rave reviews on Trip Advisor.

Average nightly hotel rate: $269.80
Average nightly Airbnb rate: $274.13
Savings: $4.33

The price of lodging in Boston is usually steep no matter where you stay. But with hotels holding a slight edge in affordability, historic properties like this one makes the perfect Boston base to sightsee.

Average nightly hotel rate: $134.90
Average nightly Airbnb rate: $138.09
Savings: $3.19

A convenient option for business travelers and urban explorers alike, the Oakland Marriott is a good fit for those who are keen to see the Bay Area beyond just San Francisco.