Airbnb rentals are running short as San Francisco braces for Salesforce's 170,000 user conference
Justin Sullivan/Getty
If you're planning to head to San Francisco next month for Salesforce's annual user conference, you could have a tough time finding a place to stay if you haven't booked a room already.
Even though Dreamforce doesn't start for another 19 days, accommodations listed on Airbnb are already close to being sold out during the conference. Around 3,000 accommodations in the city are booked for the entirety of the event, which lasts from November 6 through 9. And only 15% of listings in the city are still available for those dates.
As of this week, 6,000 guests are booked to arrive at their San Francisco Airbnb accommodations on the first night of Dreamforce. The typical nightly rental price for the dates while it's in session is $260.
The impending shortfall in accomodations is little surprise, given that Dreamforce is already sold out and is expected to host 170,000 attendees.
Those numbers may seem small compared to, say, the 3.5 million people who line up to watch the Macy's Thanksgiving Day Parade in New York City. But they're quite large in a city as compact as San Francisco. Indeed, the expected number of Dreamforce attendees is equivalent to nearly 20% of San Francisco's population of 874,000 people.
Big events like Dreamforce tends attract new renters and hosts to Airbnb, which makes its money on transaction fees. The platform brands itself as a way for locals to make extra money by renting out a spare bedroom or a full-apartment when they're out of town.
Of course, San Francisco also has a traditional hotel industry that also sees bookings go up when tech conferences are in town. At one such hotel, Hotel Zelos, only a few of its 202 rooms remain available during Dreamforce. Most of the reservations were made around June, when Salesforce opened up registration for the conference, Sietse Nabben, the hotel's general manager, said.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Vegetable prices to remain high until June due to above-normal temperature
- RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
- 'Vote and have free butter dosa': Bengaluru eateries do their bit to increase voter turnout
- Reliance gets thumbs-up from S&P, Fitch as strong earnings keep leverage in check
- Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market