Technology stack behind the Airbnb business & revenue model

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Technology stack behind Airbnb!
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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.
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AirBnB believes in defining the following three
segments for their success
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Tourists
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
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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.
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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.
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AirBnBs process summarization
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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.
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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 afte deducting their commission..
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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 travelers every
  confirmed booking.

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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.
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Shared by Agriya's Burrow - Industry Leading
Vacation Rental Marketplace
Originally shared _at_ https//mark-chainberg.livejou
rnal.com/453.html