How Airbnb is Changing the Travel and Hospitality Industry


Written by Hemendra Singh on August 07, 2016 | Updated on: August 7, 2016


How Airbnb is Changing the Travel and Hospitality Industry

So many people book rooms through Airbnb when they travel to another country or city. Thousands of people find it convenient to rent unique accommodations from local hosts. It makes them feel like home while staying at another person’s house. Hence, Airbnb is running like a horse and making billions of bucks.

Before we go any further, let’s have a look how Airbnb was born:

 

Airbnb

In year 2007 two people Chesky and Gebbia could not pay their rent. It was a big problem for them, but they turned this problem into an opportunity. They thought of serving an air bed & breakfast, this idea worked and they earned $240 from 1 woman and 2 men. Afterward, they thought to make this idea huge, so they launched a website Airbedandbreakfast.com on August 11, 2008.

However, they were not making significant money in the beginning, but they kept on working. Later, they recognized a problem with the room listing photos. They realized that the photos were not good looking so they started taking pretty photos of rooms on their own. This helped them grow their business and this is how the successful journey of Airbnb was begun.

We have seen how Airbnb looked when it was an infant in the industry, but it is not an infant anymore. It has become a vibrant billion dollar firm, the paragraph below is a proof of that.

In February 2014 Airbnb listed 300,000 rooms on its website, this figure reached a milestone of one million in December 2014. Imagine one million rooms listed on Airbnb, that is even more than one of the largest hotel chain “Marriot” that offers 700,000 rooms across the world. A recent study from Barclays stated that Airbnb’s growth in bookings could triple in size by within the year 2015.

Airbnb Growth

Right now Airbnb makes a booking every second. This is also a proof that Airbnb is changing travel & hospitality industry. It is helping people in searching and booking rental homes across the globe. But why is Airbnb growing like a bamboo tree? There are many extraordinary features of Airbnb that make it a game changer for travel and hospitality industry:

Finding a room is very easy

Searching a rental room on Airbnb is very easy as the listings are very informative. With its listing, you can see spaces, locations, prices, amenities, availability, reviews as well as the pretty photos. The listing also shows a map which tells you the exact location of the house so you can find it easily.

Safe rental rooms

The listing of Airbnb rooms is reliable as the guest and hosts have to verify their official ID and personal details. Also through its messaging service guests and hosts can talk to each other to confirm their identity & amenities of the offered accommodation.

Fair reviews of rooms

Reviews are the best way to find whether the room/house is good or bad. If they are not fair, then people will always suffer. But Airbnb’s review system doesn’t disappoint, it is trustworthy & all the reviews are genuine and made by guests after they leave the offered lodging.

Trustworthy payment system

Paying on Airbnb is safe and secure, transferring money between hosts and guests is simple and reliable when you pay through its payment system. Airbnb has designed its booking system pretty well, cancellation policies & guest Refund Policy are also flexible.

Variety of accommodation

Airbnb features a variety of accommodation like apartments, castles, boats, islands, cabins, car cable rooms and more. This creates more opportunities for people to try different housing according to their taste. They don’t have to live in a walled room every time if they like they can book boats, cabins and even space on an island.

Free Listings

Everyone likes to get their things done for free. Airbnb does not disappoint you here as well. You can list your rooms, villa, and bungalow for free. All you need is to pay 3% to Airbnb when someone makes a booking for your house.

Automatic translations of listings

It is one of the great features of Airbnb, the website automatically translates rental listing in 25 languages. So people from almost every country can read out the specification of various housing listings and book their desired rooms.

Text alerts on your mobile

You don’t have to log in to your Airbnb account every time. You can easily get notifications instantly on your mobile device about your reservations. This makes it easier for people to check the status with so ease.

 Culture exchange

Airbnb promotes the idea of culture exchange. It creates chances for hosts to connect with different people across the world. They share their life & travel experiences, get to know each other, as well as each other’s culture. It removes the boundaries and joins people together.

Above specialties make Airbnb a great game changer for travel and hospitality industry as well as a great platform for travelers to book a place to stay.

People tend to follow big brands even when it comes to starting a new business, therefore people start cloning new ideas by adding new features and using it to generate revenue.

Mobile application Development Company, The NineHertz has made a clone of Airbnb which is an exact copy of Airbnb. Many business enthusiasts buy the clone and make further alteration according to their needs to set up their own vacation rental website. Some of Airbnb’s competitors such as Dashbell, 9flats, TravelMob are working on the similar idea like Airbnb.

Airbnb also offers attractive offers for its users, which include several types of adventure stay. For example yesterday it started a contest that offers people “especially ski enthusiasts” to win a chance to stay one night in a luxury cable car at 9000ft above Frech Alps.

All and all Airbnb is a successful game changer that is transforming travel and hospitality industry and creating opportunities for people to host different types of persons from all over the world.


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