What is Airbnb
Airbnb is a commune based online tribune for registering and renting local homes. It conjoins hosts and travelers and assists the progression of renting without owning any rooms itself. Furthermore, it cultivates a sharing-economy by granting property owners to rent out private flats.
It allows property owners to rent out their spaces. Rent private rooms shared spaces or the entire property. Approximately, there are over 100 million people who booked property rentals through Airbnb.
Airbnb was fathered in 2008 by three founders:
- Brian Chesky
- Nathan Blecharczyl
- Joe Gebbia
They set up a simple plan of renting out three mattresses and committed homemade breakfast. In an initial, three people came and that’s how it started. They refined and improvised the website by investing money in it. In the winter of 2012, Airbnb passes Hilton Hotels in nights booked. Now, it has accomplished 1,500,000 catalogs in 34,000 cities and 190 countries. Bookings can be minted online and on mobile devices.
In 2015, the value of the company was $25.5 billion. Airbnb promotes and upgrades the process of booking its own living spaces for travelers. On the one side, it licenses owners to list their space and collect rental money. It encompasses travelers with easy contact with renting private homes. With over 1,500,000 listings in 34,000 cities and 190 countries, its adaptable coverage enables travelers to rent private homes all over the world. It facilitates the host to choose the option of whom to rent out their space.
Airbnb has always given a tough time to its competitors by following some cunning strategies which are promoting and ravishing their firm. Some are as follow:
- Airbnb stories
- Airbnb short film
- Reviews and property details
In a nutshell, they serves as a business facilitator between hosts and travelers who are looking for convenient accommodation at an affordable price. By accommodating host insurance, as well as a rating and review system, the platform strengthens trust within the community of users. Profiles and user reviews help to build status and trust among members of the marketplace.
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