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Airbnb: An Overview

Airbnb is an internet marketplace that connects people who need to hire out their properties 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 earnings from their property, however with the risk that the visitor may do damage to it. For friends, the advantage will be comparatively cheap lodging, but with the risk that the property won’t be as appealing because the listing made it seem.

The Advantages of Airbnb

Vast Selection

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

Free Listings

Hosts don’t must pay to list their properties. Listings can embrace written descriptions, pictures with captions, and a person profile where potential company can get to know a bit concerning the hosts.

Hosts Can Set Their Own Price

It’s as much as each host to determine how much to charge per evening, per week, or per month.

Customizable Searches

Visitors can search the Airbnb database—not only by date and placement, but by worth, type of property, amenities, and the language of the host. They can additionally add keywords (akin to “close to the Louvre”) to further narrow their search.

Additional Services

Lately Airbnb has expanded its offerings to incorporate experiences and restaurants. Besides a listing of available accommodations for the dates they plan to travel, folks searching by location will see a list of experiences, akin to lessons and sightseeing, offered by native Airbnb hosts. Restaurant listings additionally include reviews from Airbnb hosts.

Protections for Guests and Hosts

As a protection for company, 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 up to $1,000,000 in damages to covered property within the rare occasion of guest damage, in eligible countries.”

The Disadvantages of Airbnb

What You See Could Not Be What You Get

Booking accommodations with Airbnb is not like booking a room with a major hotel chain, the place you have got 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, earlier visitors usually put up 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 complete houses being trashed by dozens of partygoers when the Airbnb hosts thought they have been renting to a quiet family. Airbnb’s Host Guarantee program, described above, provides some assurance, however it might not cover everything, reminiscent of cash, rare artworkwork, jewelry, and pets. Hosts whose homes are damaged might also experience considerable inconvenience.

Added Charges

Airbnb imposes a number of additional fees (as, of course, do hotels and other lodging providers). Friends pay a guest service price of 0% to twenty% on top of the reservation fee, to cover Airbnb’s customer support and other services. Costs display in the currency the user selects, provided Airbnb helps it. Banks or credit card issuers could add charges if applicable.

And while listings are free, Airbnb charges hosts a service price of a minimum of 3% for every reservation, to cover the cost of processing the transaction.

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