Over the years, there has been a rise in the growth of Airbnb. Starting in 2008 Airbnb revolutionized the idea behind hosting your own home for guests and travellers to stay. Airbnb has become the most popular platform for vacation rentals. This service is often put toe to toe with hotels and motels. There is no doubt that the idea behind this service is very innovative. Hence, people have wondered why and how it has grown to the level that it is today. This article covers the reasons behind the success of Airbnb.
The popularity of Airbnb is owed to the fact that it is a cheaper alternative to hotels. People have often complained about the high prices of hotel services so it is no surprise that Airbnb is high in demand. Just like many other businesses, Airbnb is driven by the forces of demand and supply. This service also helps to save money because there are already facilities and appliances in the house to perform simple tasks. For example, you can save money on food by cooking instead of eating out. Also, doing your own laundry instead of paying someone else to do it (normally the hotels do it for you and add a hidden fee).
Easy to startup high ROI
If you need some money and you have a suitable home, you can easily rent out your house and receive an additional income. The requirements for rental home investments are not as much as other forms of business. Due to the nature of Airbnb, it is quite easy for people to get started. Tons of hosts have leveraged the fact that they already have existing homes to rent out. There are always new hosts wanting to get started on their own property. The demand to get started has to do with the fact that you are able to yield a much higher return on an Airbnb over traditional long-term rentals.
Provides a homey feel
Airbnb is known for giving a certain feeling of home away from home. The service has made it possible to feel at home even while on vacation. It provides the comfort of doing things you would regularly do at home. You could lay comfortably in a well-ventilated living room, watch television, cook meals, and play games with family and friends.
Helpful for groups
In situations where you need to go on a getaway with your family or a group of friends, Airbnb can be very helpful. Some Airbnb homes have so much space, even enough to cater to a large number of people. Instead of spending a long vacation in costly hotel rooms with family or friends, you might as well spend it on an Airbnb with different rooms and plenty of space for everyone. That’s how people realized that Airbnb can also be used for large gatherings and events. People often rent Airbnb houses to throw parties or hold events. But it is important to clean up after these events, else, you will be charged with a cleaning fee. It is also understandable how maintaining the home can be a big challenge, lodgable recognizes that. That is why they provide premium management and maintenance services.
Airbnb gives an amazing experience at a low cost. Their user experience is regularly improved as the service creates policies to safeguard the interests of hosts and guests. Their journey of success is well-deserved and completely calculated.