Your idea for building App like Airbnb could make you the next unicorn in the travel and hospitality industry
Want to build app like airbnb? Know how you can be the unicorn of Travel and hospitality industry and earn huge profit from app like Airbnb.
Travel and tourism are getting a new face with new apps coming up to make your trips easy. Staying with locals at an unknown place feels safe and you can even get to know the real culture and families. Also, it makes you less lonely than staying at a hotel where you get the services but not the warmth of home.
Developing a homestay app like Airbnb can be a good idea if you are looking out for business opportunities in the travel and hospitality industry.
What is Airbnb?
Airbnb app is one of the best homestay apps and property rental service which allows travelers to stay at the local’s place and makes the experience better for the hosts and guests. The company has its headquarters in San Francisco. They operate an online marketplace and online hospitality service all over the world via the website and mobile app. The members can use the services to offer lodging and homestays for tourism experiences.
Airbnb was a brainchild of Brian Chesky and Joe Gebbia. It all started when they could not afford the rent for their loft apartment. They kept an air mattress in their living room and started renting it as bed and breakfast. In February 2008, Nathan Blecharczyk joined them as the Chief technology officer and turned the bed and breakfast into a full-fledged business. Airbnb was officially launched in August 2008.
Airbnb provides an opportunity for travelers who wish to have a comfortable homestay away from home. It is also a good choice for the people who are unable to find hotels in the saturated market. Airbnb is a platform to get the listings of such properties available for bookings.
Here is a graph from Similarweb that shows the Google Play ranking and Usage ranking of the Airbnb app as 3rd and 7th respectively under the travel and local category.
Here is another graph for App Annie that shows the last week statistics of the Airbnb app.
Fundings of Airbnb
Airbnb is a community which allows people to list and discover various unique spaces around the world just at the click of their phones. The homestay app connects travelers seeking great places to stay, for their authenticity and the homeowners who have such inspiring places around the world. It has more than 4,500,000 listings in around 65000 cities in 191 countries.
The company had a total of 15 funding rounds to date and has raised $4.4 billion. Their total number of acquisitions have been around 20.
Here is a chart that shows the history of the cumulative funding of Airbnb.
Why should you build apps like Airbnb?
Airbnb allows the homeowners to rent their rooms for a stipulated period of time. It is the right place to find a safe and comfortable homestay. Airbnb has gained the unicorn status by providing the property to stay at a cheap cost and an opportunity for the hosts to earn. The main strategy of Airbnb was to fulfill the demands of travelers at a pocket-friendly price.
There is a significant growth in terms of demands in travel industry whereas the supply rate has not improved much. There is a wide scope to venture this niche by developing apps like Airbnb. Such startups have chances of making huge revenues as people are looking for something fresh each day.
Who are the Airbnb competitors that you can take into account while building an app like Airbnb?
The game-changing travel format is becoming growingly popular and Airbnb is not the only platform that is listing the properties for booking. Some of the companies whose apps are similar to Airbnb and whose features you can consider while building an app like Airbnb are:
1. HomeAway: It has over 1 million global listings and provides similar services like that of Airbnb. There are a few additional services that it provides like an insurance program. It operates some other sites like VRBO, TravelMob, and other VacationRentals.
2. FlipKey: It is a company owned by TripAdvisor and has a huge base of users and best rates because of the manual verification program. They have more than 5000 special deals daily offers every day to maintain the loyalty of users.
3. Roomorama: This app requires users to confirm their best intentions in sharing houses. They need personal ID’s and bills and personal pictures to ensure that they are safe for the guests.
The strategy of Airbnb to stay ahead of the competition
Airbnb has reimagined the travel accommodation by creating a niche in the travel industry. It is expanding its inventory and moving towards luxury travel and business travelers also. Its success is something really worth admiring amidst the great competitor sites like Priceline, Expedia, and others. But its unique homestay style property rentals have helped it retain its identity and set itself apart from others.
The strategy of providing better services in an economical way has led to the success of Airbnb and helped it to expand globally in the travel and hospitality industry. It now aims to become a full-service travel platform.
The 4 main features of the Airbnb app
1. Search: It allows you to search for the perfect abode for your travel needs.
2. Book: You can book the homestay once you have chosen where to stay through the Airbnb app.
3. Travel: Travel to your chosen destination and stay comfortable with the host waiting for you. You can feel the true colors of the place only when you stay with the locals.
4. Explore: Explore the culture, food and be the guest at the destination of your choice.
We at Coruscate can help you to build an app similar to Airbnb but with your own extraordinary and unique features. Our research team can find out the features which will attract and increase your customers in the travel and hospitality industry. The cost of apps depends on the features and time required to develop the app. For knowing the exact cost, contact us for a free demo.
If you have an idea, feel free to connect with us through the contact us form and we will help you validate it at a free consultation session. Our expert team of developers can help you in becoming the next unicorn of the hospitality industry.