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Airbnb: An Overview

Airbnb is an internet marketplace that connects individuals who want to hire out their homes with people who are looking for lodging in that locale. It currently covers more than a hundred,000 cities and 220 international locations worldwide. The corporate’s name comes from “air mattress B&B.”

For hosts, participating in Airbnb is a way to earn some income from their property, but with the risk that the visitor would possibly do damage to it. For friends, the advantage might be comparatively cheap lodging, but with the risk that the property won’t be as interesting because the listing made it seem.

The Advantages of Airbnb

Extensive Selection

Airbnb hosts list many various kinds of properties—single rooms, a suite of rooms, apartments, moored yachts, houseboats, total houses, even a castle—on the Airbnb website.

Free Listings

Hosts don’t have to pay to list their properties. Listings can embody written descriptions, photographs with captions, and a consumer profile the place potential friends can get to know a bit concerning the hosts.

Hosts Can Set Their Own Worth

It’s up to every host to determine how a lot to cost per night time, per week, or per month.

Customizable Searches

Company can search the Airbnb database—not only by date and location, but by value, type of property, amenities, and the language of the host. They’ll also add keywords (such as “near the Louvre”) to further slim their search.

Additional Services

Lately Airbnb has expanded its choices to include experiences and restaurants. Besides a listing of available lodging for the dates they plan to travel, folks searching by location will see a list of experiences, corresponding to classes and sightseeing, offered by native Airbnb hosts. Restaurant listings also include critiques from Airbnb hosts.

Protections for Visitors and Hosts

As a protection for visitors, Airbnb holds the guest’s payment for twenty-four hours after check-in earlier than releasing the funds to the host.

For hosts, Airbnb’s Host Guarantee program “provides protection for as much as $1,000,000 in damages to covered property within the uncommon occasion of visitor damage, in eligible countries.”

The Disadvantages of Airbnb

What You See Could Not Be What You Get

Booking lodging with Airbnb isn’t like booking a room with a major hotel chain, where you’ve a reasonable assurance that the property will be as advertised. Particular person hosts create their own listings, and some may be more trustworthy than others. However, previous company often post comments about their experiences, which can provide a more goal view.

Potential Damage

Probably the biggest risk for hosts is that their property will be damaged. While most stays go without incident, there are stories of total houses being trashed by dozens of partygoers when the Airbnb hosts thought they had been renting to a quiet family. Airbnb’s Host Guarantee program, described above, provides some assurance, but it might not cover everything, equivalent to money, rare artwork, jewelry, and pets. Hosts whose properties are damaged may additionally expertise considerable inconvenience.

Added Fees

Airbnb imposes a number of additional fees (as, after all, do hotels and different lodging providers). Guests pay a guest service payment of 0% to twenty% on top of the reservation price, to cover Airbnb’s customer support and other services. Prices display within the currency the person selects, provided Airbnb supports it. Banks or credit card issuers might add fees if applicable.

And while listings are free, Airbnb prices hosts a service fee of not less than three% for every reservation, to cover the cost of processing the transaction.

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