People can now buy tickets, book accommodations, and compare prices with just a few taps on their smartphones thanks to many travel apps like Airbnb. And it is for this reason that the online travel industry is becoming increasingly popular. According to Statista, global online travel sales increased by 755.94 billion U.S. dollars in 2019.
As a result, this is proving to be a good investment option for those looking to break into the travel industry. If you want to make an app similar to Airbnb Clone, keep reading because we’ll go over several aspects of travel app development in this article.
When it comes to travel apps, Airbnb is the undisputed champion. As a result, learning more about Airbnb and how it works can be beneficial, which is why we’ve decided to start this article by learning more about Airbnb and how it works. So, let’s get this party start.
What Is Airbnb And How Does It Work?
Airbnb is a travel company that offers a platform for people to rent apartments all over the world. This service provides fantastic marketplaces for both landowners and those looking for short-term rentals or lodging. As a result, when you create an app like Airbnb, you’re providing an online platform for your users, connecting people who want to rent out their vacation homes with people who need to stay somewhere.
The concept of Airbnb is so appealing that it has completely changed how people search for apartments because they can find such appealing deals on Airbnb. When travelers fly overseas and rent a private room from a local family, for example, they get a comfortable, homey feeling similar to Airbnb. They get a taste of what it’s like to be immerse in a different culture. They will be able to get a true sense of the location and neighborhood.
People can enlist/rent short-term or long-term stays in the residential property through this peer-to-peer online marketplace. As a result, Airbnb primarily serves as a broker, assisting people in leasing any type of accommodation for people who want to book it privately. Today, Airbnb operates in approximately 191 countries, with a listing of 650,000 lodging options spread across 81000 cities. As a result, anyone looking to rent an apartment, a room, a villa or a cottage, or even an entire property uses Airbnb.
Users can book a suite, a yacht, a houseboat, or even an entire apartment through Airbnb, which is not limited to just rooms.
The Airbnb app is user-friendly for both hosts (property owners) and guests (those looking for a place to stay). As a result, keep these considerations in mind when developing an app like Airbnb in order to keep the design user-friendly and pay attention to each development process step.
What is the Airbnb Process?
What are the advantages and disadvantages of Airbnb for travelers and guests? Typically, this platform works with two panels: guests and landlords (host). The service provides a wide range of features to its users, and it’s important to understand how it works before developing an app like Airbnb. Here’s how it works:
Begin by going to the Airbnb app or website. Register or log in as a visitor using the email addresses and social media accounts provided. The next step is to create a profile by entering important authentication information such as names, profile pictures, ID numbers, living addresses, and more.
Then, using various filters such as venue, type of room, price, and so on, find and select the place you want to live. Place a request and book that accommodation for a stay once you’ve made your choice. SMS and push notifications would be used to confirm the transaction. Payment can be made using a variety of methods, including credit cards, debit cards, Google Pay, PayPal, Apple Pay, and others. Now all you have to do is travel and enjoy your stay.
What Does Airbnb Mean for Tenants?
Go to the Airbnb mobile or web app and register as a host using your social media accounts. The next step is to add property information to the Airbnb app, including a profile picture, venue, type of apartment, number of guests, and other details. Professional Airbnb photographers take photos of the apartment, and then it’s time to set a price. Deal directly with travelers who request the service, discussing details such as hygienic standards, quiet hours, and so on. At your leisure, approve or reject stay requests. Payment is received within 24 hours of the request being approved and the guest checking in.
- A Few Surprising Airbnb Facts for 2021
- Airbnb’s global market value from 2016 to 2020
- Airbnb’s global market value from 2016 to 2020
The app, which was launched in 2008, now has over 150 million active users all over the world. As a traveler, you have the option of choosing from 650,000 hosts all over the world. Airbnb has hosted guests from over 81,000 cities in 191 countries. Airbnb had a global value of $38 billion in 2019, and revenue had reached $8.5 billion by 2020.
Why should you invest in a vacation rental app such as Airbnb?
There has been a lot of talk about the vacation rental market being saturated. Even a behemoth like Airbnb, however, controls only 10-15% of the vacation rental market. This leaves 40-50 percent of the market open for other companies to create an Airbnb-style app. As a result, there is enough room in the travel industry for another unicorn to emerge. So, if you want to make a name for yourself in this industry, now is the best time to enter the market with a high-performing app that can satisfy customers.
When an app like Airbnb is created, even in its most basic form, it allows hosts to list their properties and travelers to search for them based on location. Travelers can use the app to book a room and pay for it online.
- Airbnb’s Business Model
- Bmtoolbox.net is the source of this information.
- Airbnb’s Top Competitors in the start a Home Rental business
HomeToGo
This app is a holiday aggregator for the holidays, similar to Airbnb, with 17 million vacation properties listed from all over the world, including Western and Eastern Europe. Customers and hosts can communicate with HomeToGo in eight languages: English, Russian, Polish, Italian, Spanish, French, Dutch, and German. Profile verification, Search results, Compare prices, Filter option, Save favorites, Property listings, Booking requests, and other features have been downloaded over 500,000 times.
FlipKey
This well-known vacation rental marketplace has over 300,000 vacation rentals from RV owners all over the world. Check-in and check-out, Property profile and data storage, Search and filter, Free-to-list option, Payment gateway, Instant booking services, and User profile information are some of the features. Flipkey offers its guests the innovative concept of a pay-per-booking pricing platform, which means that users only require to pay once they have a reservation.
OneFineStay
This is a hospitality company that provides the best accommodations. Its USP is luxury stays for guests who place a premium on high-quality homes and experiences in their preferred destinations. Travelers can select from 5000 unique homes, chalets, and villas in 50 different destinations around the world.
Vrbo
The app, similar to Airbnb, allows users to search and book accommodations in over 2 million exclusive locations across 191 countries, covering 65,000 cities for both hosts and guests. The app’s main features include search filter, browse & search capabilities, user profile information, virtual assistant, photos & reviews, property descriptions, book & pay, 24-hour service, in-app payment modes, in-app messaging feature, and share tips with friends. It has over 1,000,000 total downloads.
Bookings.com
This app, like TripAdvisor, has over 27 million accommodation options all over the world and manages a large amount of travel inventory. This app, on the other hand, focuses on lodging. Booking.com is the parent company of a number of online travel companies, including Cheapflights, Agoda, Rentalcars.com, Priceline, and Kayak. It has over one billion downloads and includes features such as hotel comparison, signup, deals & discounts, in-app payment, hotel reviews, booking sites request, and accommodation searches.
Vacation Rental Mobile App’s Monetization Opportunities
As a commission, the hosts is charge a 3% service fee for each complete booking procedure. Guests pay a non-refundable service fee that ranges from 6 to 12 percent depending on the type of listing.
Travelers’ transaction fee
When a traveler chooses to book an accommodation listed on the app, the app receives a fee from the transaction. This is a very successful revenue model.
Fee for listing a property
When you choose to list a number of properties on your app, you will charge a fee, which is known as the “Property Listing fee.” In addition, it’s a simple way to make money.
Sales of advertisements
When an app chooses to publish advertisements from other brands, it opens the door to ad sales revenue.
Fee for Property Verification
Property owners pay a fee to have the ownership of their property verified.
Fee for photographing a property
Airbnb relies on high-quality photographs and professional photography to increase the likelihood of a room or property being book. As a result, one can pay a fee to have their property photographed.
Listings that have been promote
Aside from the general listings, one can pay to have their listing appear. The top of the page based on location and category by purchasing sponsored listings.
