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Manonita Rathore
Gig economy and behaviour &soft skills Expert
Asked a question last year

What is Airbnb?

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Manonita Rathore
Gig economy and behaviour &soft skills Expert

Airbnb is an online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in that locale. It currently covers more than 81,000 cities and 191 countries worldwide. The company’s name comes from “air mattress B&B.”

For hosts, participating in Airbnb is way to earn money  from their property, but with the risk that the guest might do damage to it. For guests, the advantage can be relatively inexpensive accommodations, but with the risk that the property won’t be as appealing as the listing made it seem.

• Travelers can often book an Airbnb for less than the cost of a hotel room.

• The main risk to the traveler is that the property may not live up to its listing.

• The main risk to hosts is that guests might do serious damage to their property.

• The global pandemic due to the novel coronavirus has resulted in significant changes to Airbnb’s extenuating circumstances cancellation policy.

 

 

 

Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests. Airbnb takes 3% commission of every booking from hosts, and between 6% and 12% from guests.

There’s plenty of criteria to list for/search a property: from a shared room to an entire house, to having a swimming pool to having a washing machine. There are photos of the property, and the hosts/guests, with full map listing.