How do I create an Airbnb-like platform?

Airbnb is an online Marketplace for travelers who can find vacation rentals, cabins, Beach houses, Unique Homes, around the world. Choosing a place to live through Airbnb makes the traveler experiences local people's lifestyle better and is more connected with the locals.

Before creating an app like Airbnb it is important to understand the growth of Airbnb as it will give you a good idea of the expectations one should have after launching an app like Airbnb

Growth of Airbnb users over the years

The above figure shows the year since the growth of Airbnb rose drastically till the present time and it is expected to grow at this pace for the coming years. After starting out in 2008 Airbnb saw a massive increase in its user base after 2014. So this is the important thing an entrepreneur should keep in mind before developing an app like Airbnb.

Basically, a successful operation of an app like Airbnb requires two apps.

1. User App

The user app is the traveler who is looking to find local houses in his future place of vacation. The user app should be able to see various rental options near a particular location or city as well as book and pay the rent online.

2. Host App

The Host app is the app that a homeowner uses to register and list their property on the platform. The basic feature of this app should be registration and verification of property and its owner, upload photos, Add Description and facilities provided, manage getting paid online, etc.

Features in-app like Airbnb

· Easy and Quick Registration

· Property search functionality based on name and location

· View available lists and their details

· Book the property for particular dates

· Pay in advance to confirm the booking

· Account and profile management for users

· View past and future booking any time a user wants

Monetization Methods in developing an app like Airbnb

1. Users Booking Fee

The user needs to pay a certain percentage or fixed booking fee to Airbnb at the time of booking the property.

2. Promotional Revenue

The property owners can choose to promote their listings on the top of the page whenever a user searches for property in its nearby areas and in that way Airbnb can charge a particular fee to promote the listing from the owner

3. Revenue from Host

Once the host completes the stay satisfactorily they have to pay a certain percentage of the revenue to Airbnb as they helped them find the visitor.

Hope the above details are enough to start developing an app like Airbnb.