Using Machine Learning to Predict Value of Homes On Airbnb

Data products have always been an instrumental part of Airbnb's service. However, we have long recognized that it's costly to make data products. For example, personalized search ranking enables guests to more easily discover homes, and smart pricing allows hosts to set more competitive prices according to supply and demand. However, these projects each required a lot of dedicated data science and engineering time and effort. Recently, advances in Airbnb's machine learning infrastructure have lowered the cost significantly to deploy new machine learning models to production.