Do you love traveling? I know I do and you do too.
These days, when it comes to lodging flexibility and absolute traveling coverage, there's no better way than Airbnb.
In this post, we will discuss not only what Airbnb has to offer from the travelers perspective but also how it empowers the hosts in this already competitive world.
What is AirBnb
Airbnb is an online lodging marketplace that connects people willing to rent out their homes with travelers and tourists looking for homestays or accommodations in that particular neighborhood.
Established in the year 2008 by Brian Chesky and Joe Gebbia, Airbnb today operates in more than 191 counties and covers more than 80k cities worldwide.
While providing it's hosts an easy way to earn money by renting their place, Airbnb also ensures affordable and inexpensive accommodations to its guests.
Advantages of Airbnb
Airbnb allows hosts to set strict requirements for those who can book and makes it simple and secure to host guests. For travelers, the advantage is inexpensive accommodation with a unique home experience.
- Travelers can book accommodations with Airbnb at an affordable price, usually less than the cost of hotel rooms.
- Planning a vacation is simple and secure, no matter what the location may be.
- Hosts are in full control to choose their own schedules, prices, and house rules.
- Every host and reservation is secured by up to $1,000,000 in property damage protection.
No matter what your requirements are , with AirBnb there's always something for everyone.
Affordable Property selection
Every night Airbnb serves more than 2 million guests and getting started is much more easier than anticipated.
Airbnb provides a huge variety of property listings, from vacation rentals, houses, apartments, condo, shared space to yacht and beach location.
Listings Properties on Airbnb
Hosting a property is simple and secure.
It's absolutely free for hosts to list their properties on Airbnb.
Listings usually include visual graphics like photographs with detailed descriptions, user profiles and reviews from past trips.
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Why Host on Airbnb
Hosts are free to choose their own schedules, prices, and house rules.
Airbnb allows hosts to set strict requirements for those who can book and get to know guests before stay. It's up to the host to decide how much to charge per the availability.
Customized Property Searches
Guests and travelers can easily make customized searches for places by price range, property types, dates, and locations. Guests can narrow down their options by using filters to check if the property would be a good fit for their trip.
What Comes Included?
With Airbnb you can find everything from coffee shops, parks, and restaurants to unique experiences.
Airbnb experiences are memorable activities designed and led by locals which include adventures, paragliding, bike rides, bungy jumping, art walks, guided hikes to river rafting.
To ease out the stress travelers are provided with guidebooks that describe all the best places in town's and cities.
Guests and Hosts Safety
To safeguard the interests of guests Airbnb releases payouts to host only after 24 hours of scheduled check-in time.
Guests are free to make any cancellations and changes to a confirmed reservation by submitting a change request.
While for the hosts it allows them to create and manage house rules that every guest must agree to.
And, to safeguard the interests of the hosts, the company does not charge anything as sign-up or membership fees.
Every host is backed by up to $1M in property damage and every reservation is insured by a $1M liability insurance.
Disadvantages of Airbnb
The only possible risk involved in hosting with Airbnb is possible damage to property by guests.
But, rarely hosts may come across travelers (mainly children traveling with family) who may cause possible destruction of property.
And as told earlier, to keep the hosts safe, Airbnb covers every booking with USD $1M in property damage protection and another $1M USD in insurance against accidents.
In 2017 more than 49 million people traveled with Airbnb and only 1 in 25,000 resulted in a significant property damage claim.
That's quite a record. Huh! Do'nt you think?
Fees, Transparency and Taxes
Airbnb charges 3% for hosts services and 0% to 20% as a guest service fee. Other charges include night rate plus cleaning fee and additional guest fee (if applicable).
These are calculated using a variety of factors and are mainly based on reservation subtotals and length of stays. Depending on the laws of the jurisdiction involved, VAT(Value Added Tax) may be charged on top of the host and guest service.
There may be a few instances where guests may need to pay VAT at the time of payment. The hosts are required to pay taxes as per the local regulations.
The taxes may vary depending on the local law and may include calculations based on a flat rate or percentage, the number of guests, number of nights, or property type booked.
Note! With reference U.S. Tax compliance Act, Airbnb collects tax information from hosts so they can provide an account of their earnings each year via Forms 1099 and 1042.
For people who love their privacy, Airbnb is not something to look out for. Lodging with Airbnb is not like booking a regular hotel chain that ensures guests privacy.
Whatever may be your travelling requirements, Airbnb has everything that you shall ever need.
While for hosts, it provides an easy and effective earning oppurtunity to make a decent income by renting your place.
So, What is your traveling secret?