Airbnb is company that lets users earn money by renting out their spare rooms for visitors travelling to the users’ city. This “airbed and breakfast” company is expected to overtake major hotel companies InterContinental Hotels Group and Hilton Worldwide next year. Since its founding in 2008, Airbnb has expanded worldwide and travelers can rent out rooms in over 34 000 cities and 192 countries.
As someone who loves travelling, this concept appealed to me. Renting out rooms through Airbnb is relatively cheaper than staying in a hotel and can cut travelling expenses significantly. As well, this is great way to earn easy money. Those who have spare guest rooms can definitely capitalize on this opportunity. For example, a man in San Francisco earned $50 000 from renting out his apartment and he used that money to buy a house, which he also lists on Airbnb.
It is not surprising that this company has found such success. This ingenious idea is appealing to everyone as both renters and listers can benefit from using Airbnb.
Links:
http://www.kellianderson.com/projects/airbnbquantified.html
http://www.businessinsider.com/airbnb-largest-hotelier-2013-11