They can set the rent amount range, basic amenities they will need and the number of guests. They have the option to filter the search as per their needs and want s.Travellers are those who book the living space from hosts on rent.They can list their property with the facilities they will be providing along with the rent, check-in and check-out time.Hosts have the liberty to accept or reject the travellers by reading the reviews from other hosts.Hosts are those people who list their spare places on the website which, if booked, will give hosts rent in exchange.
Now let’s take a look at the Airbnb market segmentation: Hosts: So far we have learned what Airbnb is and how it works.
Transaction fee from travelers: When travelers make payment s for stay s, they are charged a 3% fee for the transaction. This is one of the components of Airbnb fee structure. Commission from hosts: Everytime someone chooses a host’s property and makes payment, Airbnb takes 10% of the payment amount as commission. Airbnb revenue comes from two major sources: Airbnb offers a platform where these listings and bookings are made and this is how Airbnb makes money. The Airbnb revenue model runs on the listings and stays. The revenue model of Airbnb consists of a fee that is charged from the hosts and the travelers, which is somewhat similar to the Postmates revenue model. The individuals who stay at Airbnb get a completely different experience by staying close to the locals.Īirbnb has photographers who take high-definition shots of the properties which lets travelers choose from the r eal-looking places and make the right choice. Hosts can put up their property for stay, and if someone wishes to stay there, the hosts get rent in exchange. Airbnb acts as a platform for hosts and travelers. Airbnb’s biggest assets are the individuals and the hosts who are the key components in the Airbnb process. Just like Grubhub’s business model, Airbnb also runs with the help of an online platform that connect s each component in the model. They don’t have the business model like hotels such as Hilton and Marriott. Moving further, we will discuss the Airbnb business model and Airbnb revenue model in detail.Īirbnb business model is an aggregator business model just like Uber and OYO. 
The unique service offered by Airbnb has made it climb the success ladder in just a few years of launch. The site has more than 150 million users, with an average of six renters checking into an Airbnb-listed property every second. This online marketplace l ets travellers find a home -li ke place in a foreign city and lets hosts give their home in exchange of rent.Īs of now, there are 2.9 million hosts on Airbnb worldwide and more than seven million listings in over 200 countries. Airbnb’s popularity has skyrocketed as an alternative to hotels since its launch in 2008.
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