What is it? Airbnb is a temporary internet hosting platform that is used by travelers who wish to have a family experience in their short stays. Airbnb has become so popular that it’s found in more than 65,000 cities in 191 countries.
How does it work? Airbnb allows property owners to rent our their rooms, apartments or houses for a temporary stay to travelers who seek an alternative to traditional accommodations such as hotels.
Airbnb helps make sharing easy, fun and safe. For this, they verify personal profiles and ads, maintain a smart messaging system so that hosts and guests can communicate safely and thus manage a trustworthy platform to manage payments.
There are different ways to book an accommodation with Airbnb. Some hosts want to get to know their guests before confirming the reservation, while others prefer to decrease the amount of time required to handle requests by using Airbnb’s “Instant Reservation” feature.
Why is it popular? Airbnb is a market for the online community, which connects people looking to rent out their homes with people who are looking for a suitable accommodation, leading to a win-win situation.
Airbnb offers trust, a cultural experience, safety and for travelers to get a unique experience for a cheaper price. Adding to the fact that home owners (hosts) get an additional income.