Guest service feeĪ guest service fee of 3% is applied to guests for any bookings made through the platform, which provides them with support and assistance during their stay. Hosts who choose this option get to list their properties above those who do not choose to take assistance from Airbnb. Airbnb charges a fee to market their listings on the platform for assistance. Hosts who can provide quality experiences can opt for marketing assistance, which helps advertise their Airbnb profile and listings. The primary ones are mentioned below.Īirbnb generates revenue from three sources: Booking FeeĪirbnb charges a flat 8% transaction fee on each completed booking from the host. There are multiple sources from which Airbnb generates revenue. A property manager who wants to manage several properties for short-term rentalsĪny user looking to rent the property for any number of days and willing to pay the rent as well as the service fee charged by Airbnb.A traditional host outside of a city who has extra space and wants to list it for rent by night, week, or month.A traditional host in a city who has a spare room in their home can decide if they want to rent it out on a nightly or weekly basis.Airbnb also classifies the hosts and properties in various categories based on the property's location.Īirbnb offers three options to its users when it comes to rental listings: The approval generally is needed to maintain certain quality standards and personalization of the property. Also, Airbnb has certain protocols in place before they decide to list the property on the platform, The property could be an apartment or a bungalow, and the rentals are decided accordingly. Host :Ī person who is willing to list his property for rentals. There are two key stakeholders in the Airbnb business model, as listed below. The success of AIrbnb can be attributed to its unique and well thought of business model.įollowing are the salient features of the model: It has helped millions of customers experience tourist destinations in a whole another light, thereby generating passive income for the millions of homeowners. Airbnb has been so successful that it is giving the most established hotels in the world a run for their money. Airbnb is one of the largest companies, not only in the hospitality sector, but globally, by valuation.
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