Airbnb: Advantages and Disadvantages

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Airbnb: An Overview

Airbnb is a web-based marketplace that connects individuals who wish to hire out their properties with people who are looking for accommodations in that locale. It at present covers more than a 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, however with the risk that the visitor might do damage to it. For guests, the advantage might be relatively cheap accommodations, but with the risk that the property won’t be as interesting because the listing made it seem.

The Advantages of Airbnb

Vast Choice

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

Free Listings

Hosts don’t must pay to list their properties. Listings can include written descriptions, photographs with captions, and a user profile the place potential visitors can get to know a bit about the hosts.

Hosts Can Set Their Own Worth

It’s up to each host to resolve how much to cost per evening, per week, or per month.

Customizable Searches

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

Additional Companies

In recent times Airbnb has expanded its offerings to include experiences and restaurants. Besides a listing of available accommodations for the dates they plan to travel, individuals searching by location will see a list of experiences, such as lessons and sightseeing, offered by native Airbnb hosts. Restaurant listings also embrace opinions from Airbnb hosts.

Protections for Friends and Hosts

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

For hosts, Airbnb’s Host Guarantee program “provides protection for as much as $1,000,000 in damages to covered property in the rare occasion of visitor damage, in eligible countries.”

The Disadvantages of Airbnb

What You See Could Not Be What You Get

Booking lodging with Airbnb will not be like booking a room with a major hotel chain, where you have a reasonable assurance that the property will be as advertised. Particular person hosts create their own listings, and some may be more sincere than others. Nevertheless, earlier visitors usually submit 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 tales of whole houses being trashed by dozens of partygoers when the Airbnb hosts thought they had been renting to a quiet family. Airbnb’s Host Guarantee program, described above, provides some assurance, but it might not cover everything, equivalent to cash, uncommon artwork, jewelry, and pets. Hosts whose properties are damaged may additionally experience considerable inconvenience.

Added Charges

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

And while listings are free, Airbnb prices hosts a service fee of at the very least 3% for every reservation, to cover the cost of processing the transaction.

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