How Airbnb make money? Business Model and Revenue Analysis

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Airbnb is an online marketplace between host and travellers. By using this platform, the host can list their space and can make money with it. Airbnb also empowers travellers to search and find their ideal space. It allows travellers to collaborate with the local people. Airbnb is available in more than 190 countries all around the world.

History of Airbnb:

It is all started when the founders of Airbnb [Joe Gebbia and Brian Chesky] was struggling to pay for rent. They were looking for extra money to look after their expenses. They noticed all the rooms in the city are booked. Co-founders used this opportunity. They bought some airbeds and put up a site named "AirBed & Breakfast." It offers travellers a place to sleep. Soon after they decided to start this big. Then Nathan Blecharczyk joined the team as a co-founder. Here is where the magic happened. Impressed with their ideas, they got huge funding’s from Y Combinator and many more.

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Airbnb Business Model:

It involves three types of users, Customer, Hosts, and Admin. Airbnb earns commission money whenever a customer pays for Hosts. Airbnb gets income mainly from these two sources,

1. Commission amount from Hosts / Owners.
2. Exchange charge from Travellers / Guests.

How Airbnb Discovers clients?

Airbnb Clients involves both the Hosts and travellers. They discover clients mainly based on the following aspects.

1. Digital Marketing
2. Verbal Exchange
3. Social Media
4. Special Offers

How to start a business like Airbnb:

By seeing the success of Airbnb website, many entrepreneurs and startup companies are looking to start Airbnb like a business. AirStar is the clone script of Airbnb. It is developed using the laravel framework. By using the AirStar product. It can be customised according to the client’s expectation. AirStar – Airbnb Clone contains different panels for different users, Admin panel, Customer panel, Host panel.

Demo:

https://www.abservetech.com/airstar-airbnb-clone/

https://abservetechdemo.com/products/airstar/

Airbnb Clone – Online hotel management sites are increasing around the world, Number of people traveling around the countries is also increasing. People are looking for hotel management sites to know the details about the hotels. They have a number of the checklists [number of beds, Wi-Fi connectivity, Hotel location, Pricing] to book a certain hotel. A statistics says the number of people booking their rooms online is rapidly increasing.

Lots of companies are developing clone scripts of hotel management sites like Airbnb. AirStaris the one among the clone script of Airbnb. It is developed using the Laravel Framework. This framework prevents the site from SQL Injection, DDoS attack. Much like Airbnb, AirStar – Airbnb Clone has three panels in it. They are host panel, Admin panel, Customer panel.

Host Panel:

A host needs to register their hotel to the AirStar – Airbnb Clone. Admin of the AirStar has to approve the property of the host. Then, Host can upload their property details to the AirStar – Airbnb Clone. Whenever a user books their property the amount will be transferred to the host account.

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Admin Panel:

Admin can control the overall AirStar product. Admin panel is empowered with massive powerful options. Admin has to approve all the registered hotel in the site. They can disapprove a hotel whenever they want to do it. When a user pays to book a hotel room, the amount gets transferred to the host and some commission amount will be given to the Admin.

Customer Panel:

A customer can view the hotels from their desired location. Customer panel is enriched with the Real-time hotel location option. Customer panel has Advanced filter options, Messaging features. A user can select the inexpensive rooms by using these options.

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