In recent years, the “Airbnb” model has emerged as one of the most important business models that many people turn to who want to make additional income via the Internet or even those who love passive income, which helps them increase their income without making additional continuous effort, thanks to the great success achieved by the idea. And the company in general, “Airbnb” has become one of the most important and leading technology companies in the world.
Airbnb is based on the idea of a store of real estate and apartments available for rent for short periods in various parts of the world, so you can find Airbnb Dubai and Airbnb in Egypt, Italy, Rome and others. Who In various tourist cities, through the real estate store, apartment owners are able to offer their apartments for rent for short periods in exchange for what they desire, and on the other hand, there are tenants who want to stay in hotel apartments for short periods without going through the costs of staying in hotels.
The company's profits depend on the Airbnb commission it receives from the landlord and tenant together, which usually does not exceed 3% except in some cases, and with a large number of properties and tenants, the company has been able to achieve very large and enormous profits.
The wide success achieved by Airbnb has created another category of businesses related to the rental system, which are companies that manage Airbnb establishments and deal directly with the company and the tenants, in order to save the landlord’s time and manage the property in the appropriate and correct manner, including UpperKey is a pioneer in this field.
Read also: What is Airbnb Management Service?
Airbnb...a billion-dollar idea
Airbnb was founded in 2008, specifically in early August of that year, by Nathan Blecharczyk, Joe Gebbia, and Brian Chesky. In a short time, the company was able to expand to include many countries around the world, and it is now present in More than 190 countries around the world, meaning that every country in the world includes an Airbnb property, and the company’s valuation recently reached $31 billion, making it a member of the Billion Dollar Club.
The Airbnb real estate market includes a group exceeding 1.2 million different properties in more than 34 thousand cities around the world, and 35 million guests have benefited from it in various countries of the world for varying and different periods.
Although the main sector in which Airbnb operates is hotel accommodation in luxury real estate and apartments, the company has recently been able to expand to include many services that travelers need, starting with trip reservation services that were launched in 2016, and even car rental services. Restaurants and even direct accommodation with local hosts in different countries.
The company has been able to expand the scope of its services recently, and now it offers a unique experience that many travel and trip lovers around the world are searching for. Thanks to this expansion, the term Airbnb has turned into a word in the colloquial language that refers to economic travel trips.
Airbnb Payment Methods
Because Airbnb is a global company that operates in many countries around the world, the company was able to expand the services it provides significantly, and it had to expand the payment methods, collect payments and send them to customers and renters on an ongoing basis. This is to keep pace with the increasing global demand.
In general, it can be said that Airbnb supports all different local and international payment methods, from using different bank cards specific to each country to global payment services such as Apple Pay and PayPal and others, and the company has also expanded to accept Payments are made using local payment methods suitable for some countries such as China, Russia, Brazil, etc.
There are also a range of gift cards offered by the company that provide credit that can be used within Airbnb stores to rent properties, apartments, and more.
Is Airbnb honest?
There are many concerns that arise when talking about online hotel services sites, but in general, Airbnb is one of the most important technology companies that have emerged recently that seeks to provide a unique experience that is different from any other company.
Airbnb obtained billions of dollars in the past years in the form of investment financing in the company, and this reflects the confidence of investors in it and their interest in the idea presented by Airbnb, so it is one of the most trusted companies in the world of the stock market and business and does not Less important than Uber or Amazon.
Read also Is being an Airbnb host stressful?
Another aspect that must be considered is the credibility of the available offers and hotel apartments displayed within the Airbnb store. For this, the company has an integrated team working to ensure the quality and credibility of these offers in order to protect customers and protect the company’s reputation.
Airbnb has also recently begun expanding to include luxury hotels, in order to provide more choices for users and travelers and to expand the company’s real estate portfolio, which helps users find their request easily.
How does Airbnb work?
The way the Airbnb website works is very simple and easy, as all you need is to create an account on the site, whether it is a renter account or a rental account, then you fill in the data for each type of account, and then wait for confirmation From the site and start using it.
Of course, the site has a complex evaluation system for tenants and landlords together, through which it displays a star rating in proportion to the quality of the service provided or the way the tenant deals with the landlord if it is a tenant account, and it also provides a mechanism to recover money if the offer is different from the truth. Or even the tenant was annoying and caused damage to the lessor.
Airbnb Safety Tips
Although Airbnb is trying hard to make the store and company a safe place for tenants, in some cases there are malicious tenants, and the bad uses of Airbnb apartments from installing hidden cameras to monitor the tenant and even trying to I stole it .
This is why it is always recommended to deal with Airbnb properties that are managed through Airbnb management companies that provide a more quality and secure experience, and these properties are always maintained and kept clean continuously through the use of the latest sterilization tools. And continuous cleaning, which helps protect the tenant and maintain his health.
Is the Airbnb project profitable?
Like any other project, an Airbnb depends on how it is managed, and if you are good at managing the project or dealing with a good Airbnb management company, you can generate millions of income. Passive without any real effort in the project.
Airbnb management companies request a percentage of the rental value for the various properties they own within Airbnb, and in exchange for that, they work to manage everything related to the property from maintaining it to renting it, maintaining its cleanliness, receiving guests, and receiving from them afterward. Leaving, which makes it a very easy and profitable experience.
In short, Airbnb is a unique and successful platform in the online business world, providing renters and landlords with the opportunity to easily generate additional income. The company's success is based on the short-term real estate model and providing a unique travel experience for travelers. Through investment opportunities and smart management, individuals can achieve tangible profits. The $31 billion valuation and the company's expansion into additional services such as flight booking and car rentals reflect its great success. Despite potential security challenges, the company is working hard to ensure the safety of its tenants and landlords. In conclusion, it can be said that Airbnb is not just a real estate rental platform but an opportunity to realize individuals' dreams of profit by exploiting the sharing economy.