Airbnb offers peer to peer rental for visitors. Normal users can place their apartment, house or single room for rent to strangers to make some extra money. Airbnb has increased in popularity and has more than $2 Billion valuations by the end of 2012. If you want to create a website similar to Airbnb you can use iScripts ReserveLogic which is an Airbnb clone software. This open-source PHP reservation software can support unlimited locations and properties.
How does Airbnb works?
Airbnb is an aggregator business model which doesn’t have a customary cabin systems. The key resources of Airbnb are individuals. The user can list their property on the website and receive additional cash from their properties as rent.
For those who want to rent their extra spaces and for those who are in search of a space for rent can visit Airbnb and complete the process.
- Visit the website of Airbnb, there you can find rooms, homes, unique accommodations like a castle and what all available for rent.
- Connect with the host through the website and book your dates to stay wherever you want and pay online.
- Airbnb charges 3% on rent
How does Airbnb work for the hosts?
The four different hosting options of Airbnb
- Rent your extra space in home
- Host your properties for lease
- Host for your neighbors
- Host the experiences in your area
How does Airbnb work for guests?
Airbnb acts as a mediator between hosts and guests. They don’t own any properties. It’s free to create an account in Airbnb. You can complete it by entering your name, email, and password. You can also sign up through Google or Facebook. If the user likes the place then he can send a request to book it. Once the steps are completed the user can make payment. After the booking, the user has to wait for the approval of the host. Instant book listing doesn’t require the approval of the host.
How does Airbnb make money?
Airbnb makes money from bookings and service fees. The hosts and guests are responsible to pay a predefined fixed amount by Airbnb. The guests need to pay the service fee according to the reservation size. After the booking completion guests are charged to pay fees. Airbnb gets its offer from the booking and money related exchanges through two sources:
- Commission from Hosts: 10% commission from each reservation
- Charge from guests: Administration charge is set as 6-12%
Airbnb Clone Script
So, Are you planning to build a website similar to Airbnb?
Check iScripts ReserveLogic and get the idea of building your own online reservation website.
This online booking software package provides a professional, yet affordable way to simplify the online reservation system for your business. The reservation script is ideal for bed and breakfasts, resorts, motels, timeshare booking, vacation rentals, resorts, small hotels, guest houses, tour/travel companies, campgrounds and more.
Do you want to build your own business? Read more about how to start an online business.
Models of ReserveLogic
- Reserve/Hotel/ B&B Model
- Hotel Agent Model
- Travel Agent Model
Features of Reservelogic
This customizable script comes fully equipped with a number of built-in features that will benefit you, as well as your end-users.
- Advanced Search functionality
- Easy booking and secure payment
- Social sharing and promotional tools
- Site Management
- Site Design
Now, it’s time to conduct market research and find out which online business is right for you according to trends, current innovation, and your drive to make it successful and most importantly lucrative.
Learn more about iScripts Reservelogic from the demo.