Airbnb, founded in 2008, has rapidly established itself as a leader in the freelance rental marketplace by connecting travelers and hosts. The platform allows hosts to list their properties and set rental terms, while travelers can search and book accommodations through Airbnb's portal, paying transaction fees. With operations in over 190 countries and significant market success, Airbnb continues to expand as a multi-billion dollar company.

1. Technology stack behind Airbnb!

2. Airbnb is considered by many as one of the pioneers
of creating the Freelance rental marketplace.
Founded on August 1st, 2008, in a short span of time
it grew rapidly and firmly established itself as one of
the juggernauts in this segment.

3. AirBnB believes in defining the following
three segments for their success

4. Basically, they are the people who book the listed
available places from the hosts residing there
They will have the option to search for any property in
any location suitable to their needs, their budget limit,
and the locality
Tourists can book the places by paying through the
Airbnb portal
Tourists

5. The Hosts
Generally, hosts are the people who are the actual
owners of the property and decide to rent out their
available space
They are allowed to create a listing for their property
and are also encouraged to set their own rent, lay out
the check-in time and check out time.
Hosts have the full freedom to cancel or accept the
booking after going through his social profile and
reading his reviews.

6. Photographers
Airbnb has hired a large number of Freelance
photographers in all the major cities
Their main role is to go to the mentioned location
and click high-definition pictures of the
surroundings and the property.
Their high-quality pictures will definitely get a lot of
responses for which they will be rewarded by
Airbnb directly.

7. AirBnB’s process summarization

8. At first, hosts will list out their property details in the
Airbnb portal and also provide other details like pricing
and amenities etc,
Airbnb will send their professional photographer to the
property located in order to take high-quality pictures.
Tourists/Travelers search for the property where they
wish to stay and browse the options available to them
such as the price factor etc.

9. Cont...
Booking is confirmed only after the traveler pays the
amount mentioned by the host
After the Host approves the booking, the traveler will stay
there and then Airbnb will pay the amount to the host after
deducting their commission..

10. Revenue Model of Airbnb
Commission from Hosts
Airbnb charges 10% commission from the host upon
every booking done through the platform.
Transaction fee from Travelers
Airbnb charges 3% of the booking amount as transaction
charges on traveler’s every confirmed booking.

12. Final Thoughts
Airbnb has seen a huge success in terms of the market
placings.
It has already become a multi-dollar billion company
and is set to grow further.
Having nailed their presence in more than 190
countries, they are still focussing on expanding
further.

13. Shared by: Agriya's Burrow - Industry Leading Vacation Rental
Marketplace
Originally shared @ https://mark-chainberg.livejournal.com/453.html