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Airbnb: An Overview

Airbnb is an internet marketplace that connects people who wish to lease out their houses with people who are looking for accommodations in that locale. It at the moment covers more than one hundred,000 cities and 220 international locations worldwide. The company’s name comes from “air mattress B&B.”

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

The Advantages of Airbnb

Vast Selection

Airbnb hosts list many alternative 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 should pay to list their properties. Listings can embody written descriptions, pictures with captions, and a user profile the place potential friends can get to know a bit about the hosts.

Hosts Can Set Their Own Worth

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

Customizable Searches

Visitors can search the Airbnb database—not only by date and placement, however by price, type of property, amenities, and the language of the host. They’ll additionally add keywords (reminiscent of “close to the Louvre”) to additional narrow their search.

Additional Companies

Lately Airbnb has expanded its offerings to include experiences and restaurants. Besides a listing of available lodging for the dates they plan to travel, people searching by location will see a list of experiences, resembling courses and sightseeing, offered by local Airbnb hosts. Restaurant listings additionally embrace critiques from Airbnb hosts.

Protections for Visitors and Hosts

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

For hosts, Airbnb’s Host Assure program “provides protection for up to $1,000,000 in damages to covered property in the uncommon occasion of guest damage, in eligible countries.”

The Disadvantages of Airbnb

What You See Could Not Be What You Get

Booking lodging with Airbnb just isn’t like booking a room with a major hotel chain, the place you might have a reasonable assurance that the property will be as advertised. Individual hosts create their own listings, and some could also be more honest than others. However, previous friends often submit comments about their experiences, which can provide a more objective view.

Potential Damage

Probably the biggest risk for hosts is that their property will be damaged. While most stays go without incident, there are tales of whole houses being trashed by dozens of partygoers when the Airbnb hosts thought they were renting to a quiet family. Airbnb’s Host Assure program, described above, provides some assurance, however it could not cover everything, corresponding to money, rare artworkwork, jewelry, and pets. Hosts whose properties are damaged can also expertise considerable inconvenience.

Added Charges

Airbnb imposes a number of additional charges (as, of course, do hotels and other lodging providers). Guests pay a guest service payment of 0% to 20% on top of the reservation price, to cover Airbnb’s customer help and other services. Prices display in the currency the consumer selects, provided Airbnb helps it. Banks or credit card issuers may add charges if applicable.

And while listings are free, Airbnb charges hosts a service charge of no less than three% for every reservation, to cover the price of processing the transaction.

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