by Mel
Feb 20, 2020 | 0 Votes | 33 Bought | 0 Reviews Your vote
Airbnb - rate Airbnb is an online p2p lodging service and marketplace offering homestay lodging and tourism experiences worldwide at daily rates—similar to hotel bookings. The company does not own any of the real estate listings, nor does it host events; it acts as a broker, receiving commissions from each booking. Buy Now Similar Brands Bought Post a Review

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Introduction What to Buy Highlights Is It Time to Buy?


Airbnb, Inc. is an online p2p lodging service and marketplace offering homestay lodging and tourism experiences worldwide at daily rates—similar to hotel bookings. The company does not own any of the real estate listings, nor does it host events; it acts as a broker, receiving commissions from each booking.

What to Buy

Airbnb was conceived in 2008 after its founders, Brian Chesky and Joe Gebbia, put an air mattress in their living room and advertised to lease their space for $80 per delegate looking for lodging during a packed conference in San Francisco. After successfully convincing three people to take up their offer, Chesky and Gebbia decided to turn their humble apartment into a bed and breakfast and launched a website that offered short-term living quarters, breakfast, and even business networking opportunities for those unable to book a hotel room in the saturated, very expensive San Francisco market.

After twelve years, more than six million rooms, apartments, and houses in more than 81,000 locations around the world; and shortening its name from the original; Airbnb now averages two million people booked at an Airbnb property each night – a total of half a billion since 2008 and estimated by Forbes to have a valuation of $31 billion.

As a peer-to-peer service, Airbnb provides a platform for hosts to accommodate guests with short-term lodging and tourism-related activities for which the site charges a Host Service Fee (from 3% to 10% depending on location and listing classification) and Guest Service Fee (typically under 13%) apart from other miscellaneous fees and taxes.

Nightly rates are determined by the host and guests can search for lodging using filters such as location, lodging type, dates, and price. Hosts, meanwhile, will advertise photos, amenities, and certain restrictions on the use of their property, including allowed number of guests, rules, and check-in/out instructions. Furthermore, guests can clarify the terms of their rental by chatting directly with hosts through Airbnb’s secure messaging system.

Before booking, users must provide personal and payment information—with some hosts also requiring a scan of government-issued identification before accepting a reservation. To complete the Airbnb experience, guests will be able to leave public NON-anonymous feedback and reviews of their stay on the site, along with the hosts’ responses if applicable.

To start booking with Airbnb, first-timers should go directly to or download and install the Airbnb App for Android or iOS mobile devices. From the landing page, enter your destination, dates, and number of guests (Tip: even if you have children, it’s best to start your search with the number of adult guests in your party. That way you don’t eliminate some rentals that would be suitable for a family of 4 but may not show for a 4-adult search).

From the search result page, you can then choose the Type of Place you prefer to see, whether an entire home, a private room (with shared common areas), or shared room. You can also filter results by and More Filters (by Room and Bed availability, Amenities, Accessibility, Property Type, Safety Features, House Rules, Host Language, and more). The page also has an Instant Booking option wherein, if authorized by the host/property, the reservation will be confirmed automatically if the guest meets the host’s requirements. When Instant Booking is not authorized the host will need to manually accept the reservation request.

Once you find a rental you’re interested in, Airbnb strongly advises you to peruse all the information and details covering the property carefully, such as Photos, Availability Calendar, Amenities, Sleeping Arrangements, Accessibility, Neighborhood (description and map), Policies/House Rules (including Check-in/out details), Reviews, and Host Information. To further clarify details with the rental’s host (especially concerning things like directions to the location, security deposits, cancellation policies, and house rules on cleaning, parking, etc), you can also click on the “Contact Host” button to ask the owner a question.

After you determine the rental is ideal for your needs, review the guest, date, and payment details on the property page and click “Reserve” to start the booking process. If the rental is classified as an Instant Booking, the reservation will be confirmed automatically, otherwise, guests will have to wait for the host’s approval before the booking is finalized. As soon as the reservation is accepted, Airbnb processes your payment and releases those funds to the host 24 hours after your arrival.

In addition to lodging, Airbnb provides the following guest enhancement services, including:

Airbnb Plus which is a selection of highest quality rated homes verified by Airbnb and with hosts known for great reviews and attention to detail. Marked with a PLUS badge to differentiate them from standard listings, every Plus home is verified through in-person quality inspection to ensure quality, design, cleanliness, and complete amenities (such as a clean refrigerator, full cooking equipment, stocked toiletries, fast WiFi, strong water pressure, and even select lodgings with a pool).

Airbnb Adventures are hosted by local, well-known and respected experts in their communities who will be your guide to unique, exciting multi-day adventures curated to everyone from newbie travelers to seasoned trekkers, and fit a range of budgets, interests, and locations. These small group trips range from 2 to 10 days and start at just $99 per person—with lodging, meals, transportation, and activities included. When you book an Airbnb Adventure, everything is pre-arranged by the host, so just book and go.

Airbnb Experiences, meanwhile, are a less intensive version of Adventures lasting a few hours rather than multiple days. Experiences focus more on individual activities that guests may book with local guides, including cooking classes, guided tours, diving/snorkeling expeditions and more.

Airbnb Collections is where you can filter your lodging selections according to your specific needs. When you book from a collection, you can expect a highly-rated home with all the essentials for the type of trip you’re taking–from equipped kitchens for families to fast WiFi and self-check-in for work trips. Current options include Airbnb for Families and Airbnb for Work. Future collections in the works include homes for Weddings, Honeymoon, Group Getaway, One-of-a-Kind, Dinner Parties, and Social Stays.

Have a property you want to list on Airbnb? Almost anyone can be an Airbnb Host for FREE. Just sign up and list your space. You can list your space in almost any location worldwide (except in those territories where Airbnb is required to comply with international regulations that restrict residents from the use of their site, such as Crimea, Iran, Syria, and North Korea). The listings available on the site are as diverse as the hosts who list them, so you can list entire houses. Post airbeds in your living room, rooms in bed and breakfasts, a quaint shack on the beach, tree houses in the woods, boats on the water and everything in between.


Airbnb supports different payment methods, which depend on the country your payment account is located in. In addition to major credit and prepaid debit cards (Visa, MasterCard, Amex, Discover, JCB), certain payment options are available in specific countries or on specific platforms (like PayPal, Apple Pay, and Google Pay). Airbnb will show you which payment methods are available to your country on the checkout page before you submit a reservation request. After you select your country, all of your payment options will be shown.

Airbnb, furthermore, does not charge for a security deposit immediately while a reservation is being made. To charge the guest, the host must make a claim on the deposit together with Airbnb within a 14-day period after guest check-out in cases of property damage. In these cases, the host first has to collect and submit evidence supporting that damage has occurred (such as photos and receipts for repairs) and to contact Airbnb's Resolution Center.

As for Cancellations, Airbnb allows hosts to apply one of six (6) options designed to protect both hosts and guests:

Flexible which offers free full cancellations until 14 days before check-in (date shown in the confirmation email). If booked less than 14 days before check-in, free cancellation is valid for 48 hours after booking and up to 24 hours before check-in (guest service fee not refunded).

Moderate offers free cancellations until 14 days before check-in. If booked less than 14 days before check-in, free cancellation is valid for 48 hours after booking and up to 5 days before check-in (guest service fee not refunded).

Strict allows for a full refund of the nightly rate as long as the guest cancels within 48 hours of booking and at least 14 full days before the listing’s local check-in time. After that, guests can cancel up to 7 days before check-in and get a 50% refund of the nightly rate and the cleaning fee, but not the service fee.

Super Strict 30 Days cancellation is by invitation only to certain hosts under special circumstances and offers guests the ability to cancel reservations at least 30 days before check-in and get a 50% refund of the nightly rate and the cleaning fee (but not the guest service fee or the Airbnb service fee). If a guest arrives and decides to leave early, the nights not spent are not refunded.

Super Strict 60 Days is similar to 30 Days but with guest cancellations allowed for at least 60 days before check-in.

Long Term cancellation is automatically applied to reservations of 28 nights or more and allows guests to cancel before check-in (3:00 PM in the destination’s local time if not specified) and get a full refund LESS the first 30 days plus the service fee.

Finally, the Airbnb business model would not work without its Review system in which guests and hosts can rate each other after a stay. Hosts and guests are unable to see reviews until both have submitted a review or until the window to review has closed, a system which aims to improve accuracy and objectivity by removing fears that users will receive a negative review in retaliation if they write one. In addition, the company's policy requires users to forego anonymity so that full transparency is practiced.

The downside is that this may detract from users' willingness to leave negative reviews as Airbnb hosts can read past reviews of prospective guests and if they have a history of leaving negative reviews they’re not as likely to get rented to, favoring rentals to people who only (or primarily) leave positive reviews.

Is It Time to Buy?

If you’re looking for uniqueness over stark cookie cutter, flexibility over predictability, and larger spaces over multiple hotel rooms; when it comes to accommodations, you’ll probably want to consider Airbnb. Not only do you get homey amenities and the freedom to choose your lodgings from an infinite range of options, chances are, you’ll find just what you need at exactly the right (affordable) price for your budget.

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by Mel Feb 20, 2020
Airbnb is an online p2p lodging service and marketplace offering homestay lodging and tourism experiences worldwide at daily rates—similar to hotel bookings. The company does not own any of the real estate listings, nor does it host events; it acts as a broker, receiving commissions from each booking. Airbnb Read More
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