Project: Exploring Airbnb Market Trends
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    Welcome to New York City, one of the most-visited cities in the world. There are many Airbnb listings in New York City to meet the high demand for temporary lodging for travelers, which can be anywhere between a few nights to many months. In this notebook, we will take a closer look at the New York Airbnb market by combining data from multiple file types like .csv, .tsv, and .xlsx.

    Recall that CSV, TSV, and Excel files are three common formats for storing data. Three files containing data on 2019 Airbnb listings are available to you:

    data/airbnb_price.csv

    • listing_id: unique identifier of listing
    • price: nightly listing price in USD
    • nbhood_full: name of borough and neighborhood where listing is located

    data/airbnb_room_type.xlsx This is an Excel file containing data on Airbnb listing descriptions and room types.

    • listing_id: unique identifier of listing
    • description: listing description
    • room_type: Airbnb has three types of rooms: shared rooms, private rooms, and entire homes/apartments

    data/airbnb_last_review.tsv This is a TSV file containing data on Airbnb host names and review dates.

    • listing_id: unique identifier of listing
    • host_name: name of listing host
    • last_review: date when the listing was last reviewed

    Our goals are to convert untidy data into appropriate formats to analyze, and answer key questions including:

    • What is the average price, per night, of an Airbnb listing in NYC?
    • How does the average price of an Airbnb listing, per month, compare to the private rental market?
    • How many adverts are for private rooms?
    • How do Airbnb listing prices compare across the five NYC boroughs?
    # We've loaded your first package for you! You can add as many cells as you need.
    import numpy as np
    import pandas as pd
    import matplotlib.pyplot as plt
    import seaborn as sns
    prices = pd.read_csv('data/airbnb_price.csv')
    room_types = pd.read_excel('data/airbnb_room_type.xlsx')
    reviews = pd.read_csv('data/airbnb_last_review.tsv', sep='\t')
    prices['price'] = prices['price'].str.replace(' dollars','')
    prices['price'] = pd.to_numeric(prices['price'])
    prices.dtypes
    zeros = prices.price == 0
    prices = prices[~zeros]
    avg_price = prices.price.mean()
    avg_price
    prices['price_per_month'] = prices['price'] * 365/12
    average_price_per_month = prices['price_per_month'].mean()
    difference = round(average_price_per_month - 3100, 2)
    difference
    room_types['room_type'].value_counts()
    room_types['room_type'] = room_types['room_type'].str.lower()
    room_frequencies = room_types['room_type'].value_counts()
    room_frequencies
    reviews.head()
    reviews.dtypes
    reviews['last_review'] = pd.to_datetime(reviews["last_review"])
    first_reviewed = reviews['last_review'].dt.date.min()
    last_reviewed = reviews['last_review'].dt.date.max()
    rooms_and_prices = prices.merge(room_types, on='listing_id', how='outer')
    airbnb_merged = rooms_and_prices.merge(reviews, on='listing_id', how='outer')
    airbnb_merged.head()
    airbnb_merged.dropna(inplace=True)
    airbnb_merged.duplicated().sum()
    airbnb_merged['borough'] = airbnb_merged['nbhood_full'].str.partition(',')[0]