Question

What typ eof business model does Airbnb have?

Answer 1

In simple words, Airbnb hosts an online marketplace in the hospitality industry. This online marketplace provides a platform for travelers and local hosts to connect. The local hosts list their available homestays with information such as rent in the marketplace. On the other hand, the marketplace enables travelers to book those spaces. The homestay owners earn money through rent and the travelers can rent rooms at a lower cost, gets chance to meet local people and know about local culture and spend a comfortable stay. Airbnb earns commissions from the booking amount of the travelers. Airbnb's online marketplace has over 4 million listings of lodgings in over 65,000 cities across 191 countries. The company earned a total revenue of $2.6 billion in 2017.