This article features pros, cons, purpose, popularity, need, future scope and more about developing a house rental app like AirBnB!
AirBnB is a community marketplace, website and mobile app (for Android and iOS users) that connects home owners who wish to rent out their house with travellers (solo or a group). It is a San Francisco based company that spans across 25,000 cities and in 192 countries, since last 10-11 years. Travellers get to stay at a listed site, which is safe, verified, and hassle free. AirBnB community is built upon sharing and is based on an aggregator business model.
What is the purpose of AirBnB?
Airbnb has transformed the hotel industry. Before its official launch in 2008, travelers typically booked hotels or motels, but now many choose Airbnb. The concept is straightforward: it connects locals with available rooms or homes to travelers. Hosts can showcase their rentals to a global audience, with the backing of a reputable company handling payments and support. Guests benefit from a cozy, cost-effective place to stay, sometimes with kitchen amenities, often at a more affordable rate than hotels.
Why is AirBnB successful?
AirBnB was able to create a sense of community among its users. It allowed people to rent out their homes to travellers. This was especially appealing to the young travellers who were looking for something different than the traditional hotel experience. AirBnB also uses user data to personalize their booking, travelling, and staying experience. Alternatively, AirBnb also makes use of technologies that make the platform user friendly, easier for the guests to find and book the accommodations, based on user’s preferences.
What makes AirBnB popular?
AirBnB gives people the opportunity to make some extra money by sharing their space with the travellers. It is a full time job for many home owners. But some benefits and disadvantages should be kept in mind while developing a house rental app like AirBnB. It is renting for small term. So it is not suited for people who wish to stay for long. Unlike a hotel room, room service is not available. Pantry is available, which can be used optimally.
Why do people still use Airbnb?
AirBnB features some of the best home listings. It has many options on the platform with seasonal discounts and festive offers, locality and food ordering facilities nearby that allows people to have a comfortable stay. It remains a top choice for digital nomads, but travelers should weigh the pros and cons before booking in 2023. The company is thriving with 115 million bookings in the second quarter, up 11% from the previous year.
How has Airbnb changed over the years?
It has evolved as a marketplace for property owners to the list of available properties to offering full service experience, with lavish surrounding, exotic view, exquisite amenities and elaborate service for guests. It is also easier for the property owners to list their properties and expand their market share.
What is the future growth of Airbnb?
In the near future, Airbnb is expected to achieve 4 out of 6 criteria. They anticipate a 14.5% annual growth in earnings, a 12.3% increase in revenue, and a 13.7% growth in EPS. Additionally, the projected return on equity is 36.5% within three years.
Airbnb functions as an online platform connecting property owners and travelers seeking short-term accommodations. It provides hosts with a convenient way to earn income from their properties, while guests often prefer the affordability and homelike atmosphere of Airbnb rentals. The company primarily generates revenue through fees charged to both hosts and guests.
What does house rental app like AirBnB feature? (In no particular order)
AirBnB makes use of proprietary technology to check every reservation and block bookings are risk prone (in case of disruptive parties and property damage). Basic features include:
- Advanced Search
- Booking
- Messaging
- Trip Information
- Payments
- Property Listings
- Inviting friends to plan a trip
- Managing and viewing bookings
- Ratings and feedback
How does AirBnB work for guests?
Using Airbnb typically involves these steps:
- Sign up for an account if you haven’t already, which includes phone verification and ID submission.
- Specify your location and dates, and use filters to tailor your search.
- Book the desired accommodation.
- Complete the payment and receive booking details, including the address. For extended stays, you can arrange an installment payment plan.
How does AirBnB work for hosts?
Airbnb hosts can be individuals or businesses. They can rent out extra space in their home or their entire property, and even offer unique experiences in their area (although new activities are temporarily paused). Hosts have control over various aspects of their rentals, including amenities and special services. They set prices, security deposits, refund policies, and check-in/check-out times. To become a host, follow these steps:
- Research local regulations on property rentals.
- Familiarize yourself with Airbnb’s host requirements.
- Create a free Airbnb account and set up your property listing with attractive photos.
- Contact a “Superhost Ambassador” for assistance if needed.
- Set your pricing using Airbnb’s tools.
- Publish your listing, and you can make updates as necessary. Check Airbnb’s Help Center for more information.
What Technology Stack Does Airbnb Use?
- Programming languages – Ruby and Javascript.
- Framework – Ruby on Rails.
- JavaScript framework – React.
- Web server – Nginx.
- Key-value storage – Redis.
- Cloud storage – Amazon S3, EBS.
- Cloud hosting – Amazon EC2.
- Cloud database – Amazon RDS.
- Big Data tools – Presto, Druid, and Airpal.
Alternatives to House Rental Apps like AirBnB?
- Vrbo
- com
- Plum Guide
- TripAdvisor Rentals
- HomeExchange
- HouseTrip
- Onefinestay
How does Airbnb impact travel?
Airbnb has made travel more affordable and offered property owners the chance to earn income by renting out space. Its success has led to rivals like Vrbo and FlipKey and calls for increased regulation due to customer behavior and concerns about local business impacts, potentially affecting travel in some areas.
How does Airbnb impact hotel industry?
Airbnb has made travel more affordable and offered property owners the chance to earn income by renting out space. Its success has led to rivals like Vrbo and FlipKey and calls for increased regulation due to customer behavior and concerns about local business impacts, potentially affecting travel in some areas.
How does Airbnb impact local markets?
Airbnb’s widespread presence has boosted tourism income in less-visited neighborhoods, benefiting local businesses. However, it has also brought challenges like increased noise and disruptive behavior, leading some places to restrict or prohibit Airbnb rentals. Additionally, some cities argue that Airbnb has contributed to housing shortages and rising rental costs.
Key Takeaways
Apps like Airbnb have revolutionized travel, offering diverse and affordable accommodation options that benefit both travelers and hosts, which is the premier reason mobile app development companies are picking up the trend. Fostering real estate app development, it also stimulates local economies in 196 countries worldwide, and provide unique experiences, they also face criticism due to concerns about regulation, noise, and housing availability. The ongoing evolution of these platforms underscores the need for balanced policies that support responsible tourism while preserving community interests.
