On the other hand, Airbnb's business model provides insurance service. Usually, it amounts to 14-16%, but hosts with strict cancellation policies and some other host groups pay more. The host-only fee is mandatory for certain types of hosts, such as hotels. The owner can split the fee with a guest or pay it fully. Here’s what one of the first Airbnb website versions looked like back in their early days. In its early days, the website was quite similar to a paid version of the popular service CouchSurfing. As mentioned earlier, the primary core platform idea was to list couches and airbeds.
The worldwide known Ruby on Rails marketplace was initially named “AirBed and Breakfast”. Shortly, they improved and expanded the platform for use by other hosts, and implemented additional functionality: Brian and Joe developed a simple website and posted their living room for rent there. When the designers received money for their accommodation, they started looking for investors to support their startup idea. In order to make money to pay for their accommodation, they came up with an idea to rent out their living room in a bed and breakfast format. Two designers from San Francisco, California, Joe Gebbia, and Brian Chesky, were on a tight budget. The story of Airbnb starts in August 2008. Let’s look closely at how to make a site like Airbnb and review the overall statistics about Airbnb through different aspects to see the working results. Therefore, Airbnb marketplace platform has three parties: travelers (who want to rent), hosts (who want to rent out), and admins (who take care of the smooth and transparent interaction between the first two sides).
This platform connects guests with homeowners, while other marketplaces similar to Airbnb connect the customer with hotels and motels. If you are wondering how to create a website like Airbnb, you should know that Airbnb has the same functionality as any other booking website, but there is a global differentiating feature. Therefore, there are already many competitors and alternatives in this market segment. In fact, there are many services like Airbnb:, Vrbo, Wimdu, TripAdvisor and 9Flats. In this article, we are going to discuss how this major lodging rental website stands out from the rest, and tell you how to build a website like Airbnb in detail. However, what does it make unique, successful, and game-changing? What business model does Airbnb implement to make a profit? What is an efficient way to build a similar website?
It stands for a peer-to-peer marketplace that provides accommodation-renting services all over the world. Over the past 13 years, Airbnb has become one of the most popular and profitable rental websites.
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