The howling success of Airbnb has managed to catch the eyes of people. Long before Airbnb swayed people to sleep in other homes and became a billion-dollar company, it was, at first, just an idea to make extra cash and make rent. Yes! It has revolutionized the way people travel today. Airbnb business model is unique, gainful and has developed to such an extent that it is ballooning like anything.

The Concept of Airbnb – How does Airbnb Work?

Airbnb is an online marketplace associating travelers with hosts. On one side the platform empowers individuals to list their accessible space and gain additional income as rent. On the other, Airbnb empowers travelers to book one of a kind home remains from local host, sparing them cash and allowing them to collaborate with local people. Obliging the on-request travel industry, Airbnb is available in more than 190 nations over the world.

How Airbnb Got Started?

Airbnb founders Joe Gebbia and Brain Chesky just moved from New York. They were having trouble paying the rent, hence they decided to look for a way to earn some cash. They detected that all hotel rooms in the city were somehow booked, as some local industrial design conference drew in a lot of visitors.

The youngsters observed an opportunity. They bough some airbeds and hastily put up a site named “AirBed & Breakfast”. The setup was simple. It was to offer visitors a place to get some well needed shut-eye and breakfast in the morning. The idea was born! Soon after, Technical Architect, Nathan Blecharczyk joined the team as the third co-founder and together the trio made wonders.

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Airbnb Business Model