Your summer vacation could be cheaper this year

• Airbnb predicted nights booked and prices would drop compared to last year at this time.
• CEO Brian Chesky said "low-priced listings" are most popular and the average room rate is $67/night.
• US travelers are "price-sensitive" and favor the cheapest accommodations possible, Chesky said.

For once, your summer vacation may not break the bank.

Airbnb said this week that it expects travelers to book fewer nights in the second quarter than last year. CEO Brian Chesky told analysts that he expects hosts could be motivated to reduce their nightly rates to stay booked.