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Published: February 5th 2018
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The concept of Airbnb has recently taken the world by storm. It’s an innovative, affordable, and trendy spin on the bed and breakfast concept. Using an Airbnb isn't just a win for those looking for somewhere to stay. Renting out an extra space you own is an awesome way to make some extra cash. From
Airbnb Chicago to those located across the globe, this innovative form of travel is taking the world by storm.
If you’re not familiar with what exactly an AirBnB is or how it works, you’re not alone. This article will go over some of the basics so that you can start capitalizing on this awesome travel opportunity.
What is an Airbnb? Originated from the name “air mattress bed and breakfast” Airbnb’s connect travelers with hosts. Hosts are those looking to rent their space and travelers are the individuals looking for more affordable and memorable travel experiences. What once started as backpackers and adventure seekers looking for cheap travel options, has now morphed into something much bigger. Business people, families, young adults, and older couples all utilize Airbnb services for vacationing, as well as attending conferences or other events.
How it Works Airbnb is essentially the platform through which travelers and hosts are connected. It’s a marketplace where individuals can post their location, rates, and the accommodations of the rental properties and where travelers can search these criteria. Don’t be fooled into thinking these host sites are simple one-room apartments. No way! People can advertise their yachts, entire homes, penthouses, castles, or suites, matched with pricing for days, weeks, and even months! Most hosts will include a brief description of the property and photos.
Travelers then create an account in order to search and book accommodations. Travelers can search using a long list of criteria, usually searching by location and time period first. Other searches include the native language of the host, size of the location, price, and other amenities. Once a traveler finds a location that fits their needs, they can book it. Keep in mind that travelers pay a guest service fee that ranges between 6-12%!o(MISSING)n top of the listed price.
Pros Some of the biggest pros of using Airbnb services come down to cost and experience. If you are looking for a more meaningful and enriching form of travel, an Airbnb is sure to offer a more unique experience than staying at a local chain hotel. After some time, a hotel can have a rather stiff and unwelcoming feel. Especially if you travel often for business. Why not stay in a fully furnished home space that has a more authentic and welcoming feel? An Airbnb is great for this!
And it’s not only new locations that you’ll discover but people as well. Often times travelers and hosts enjoy the interaction they have with one another - some forming long-standing relationships long after the trip has ended. Booking an Airbnb is often easier on the wallet as well. This services not only budget travelers looking to explore the world, but also business-minded individuals and even corporate event planners. By booking Airbnbs for staff and employees, some businesses will actually save quite a bit of money versus booking a five-star hotel.
Cons There aren’t too many cons to the Airbnb experience, short of what most renters experience. The biggest fear of a host is that their property will be damaged by travelers. Airbnb does offer a Host Guarantee program, which provides hosts up to $1 million in coverage in the event that their property is damaged or stolen. But like with any contract, it’s important to read all of the conditions to understand what items are and are not covered by the company.
As with any online interaction, there is the risk that both the host and the traveler aren’t exactly who they say they are or are not presenting themselves fairly. For hosts, they’re at risk for renting to a group of party animals when they thought they were renting to a family with small children. But the same goes for travelers. Based on property descriptions and photos, they might believe they’re renting a beautiful, two-story home with multiple bedrooms only to find that half the bedrooms are being used for storage and the bathroom doesn’t work. Avoiding these issues comes down to common sense and trusting your gut. Which can be said for most online interactions. Airbnb also offers protective features to help eliminate some of these risks.
Start Booking Today! Airbnb has truly changed how people travel. With so many awesome and unique options, travelers can now experience the world through the eyes of its inhabitants. And hosts are able to earn some extra income on those spaces they aren’t actively using. It really is a win-win for both traveler and host.
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