stuart Joe
Technology offers incredible convenience, allowing individuals to start with minimal investment. For renters, it provides excellent opportunities to build a strong online presence efficiently.
In the vast world of technology, one notable option is clone app development. The Airbnb clone, in particular, stands out as a way to establish your vacation rental platform. With it, you can list all your properties and earn without sharing your profits.
Let’s dive deeper into this topic in the article!
Market Overview Of Airbnb Clone App
Before 2017, Airbnb’s market presence was relatively modest, with active users growing at a rate of just 1.6% per month. Today, the platform boasts 1 billion active users.
By 2019, Airbnb had expanded its reach to over 100,000 cities worldwide, and its valuation hit $75 billion in 2020.
This year, Airbnb’s global user base has surged to 100 million. Isn’t it fascinating to see their growth?
Seeing these numbers is satisfying, right? Let’s see how you can reach this height the next.
Can Airbnb Clone Boost Your Business?
We have been seeing how as a renter, you can build a platform like Airbnb. Let’s dive into it!
Control And Customization
Creating your own vacation rental business
Instead, you optimize your business requirements to a third-party company, you can control your company, user experience, and platform’s design. In a nutshell, you can change everything from the booking process to the policies. The benefit of it is that you can create a brand new identity, which sets you apart from the competitors.
Hosting On Another Platform
You can create the rules, designs, and booking process that is the best for your business. You can control everything from pricing structure to settings. With your brand-new platform, you can build a new brand that defines your business better.
Costs And Fees
Starting Your Own Vacation Rental Business
Developing an online presence is expensive as you need to invest in marketing efforts, the app, designs, and more. However, this is different in custom app development. The best Airbnb clone provides existing features and functionalities, and above all, you can customize it to your requirements.
When you have your app, you don’t need to pay commission fees. One of the main benefits is that you can retail all the profits from your bookings. Sounds so fair, right?
Hosting On Another Platform
If you are a host in a third-party company, you need to share a partial amount with the platform. On the beneficial side, you don’t have to invest a huge capital in the development process. However, you can take that money back from starting the platform.
Let’s find out how much fee a host should pay!
The platform takes money from hosts as a commission fee. With it, the platform takes a listing fee, which is based on host preference. It may seem low, but it can reduce your profit margin. Starting your platform will be the best choice for your business to gain high revenue.
Booking And Payment Processes
Starting Your Own Vacation Rental Business
With Airbnb like app development, you can build multiple revenue streams that can generate income from various sides, which is less impossible in the traditional method. This also benefits users by getting them to use their preferred payment gateways.
One of the key advantages of controlling your app is that payment gets directly to you. There will be no intermediates between you and the audience. This direct payment process not only speeds up transactions but also provides great control over your revenue scale.
Hosting On Another Platform
As said yearly, you always pay an amount to the platform for using their realm. When your users pay an amount for your listing, it directly goes to the platform, and the next amount is shared with respective hosts. The process may seem less flexible but starting your business is way better.
Though the payment process in the third-party company is secured, sometimes the transactions may be delayed in disbursement. The platform also holds the funds for a certain time before distributing them to you, which is not good for your cash flow management.
Customer Support And Management
Starting Your Own Vacation Rental Business
When you have your vacation rental script, you can build a platform that offers a personalized experience to each customer. You can understand what your audience expects from you and provide easily with your well-built platform. It leads your business to higher guest satisfaction, repeat bookings, and positive reviews.
You can improve user’s experience easily with a dynamic admin panel. It includes managing inquiries, resolving disputes, and controlling maintenance issues. This is a daunting task but the platform ensures a smooth and quick experience for you.
Hosting On Another Platform
When you are a host on another platform, customer support is often in the hands of the admin. This means they are the ones who manage guest queries and solve disputes. This may be advantageous for you as you don’t have to be involved in it daily and less your productivity. This con is better than leaving the user’s queries to a third party.
The platform uses automated management tools that help with communication, booking, and collecting reviews to reduce the workload and improve productivity. You can easily streamline the workflow, handling messages and listings. You can easily manage your work, but you can not earn as much as you can gain with your platform.
Final Thought,
In this article, we have seen how developing an online rental platform will be beneficial for your business.
If you develop an Airbnb clone script, winning in the rental industry is easy. The factors for this success have been discussed in this article. Hope! It changes your perspective on going to start a rental business.
If you are interested in knowing how you take your business further, find out more in my other blog, where you can find Airbnb clone’s cost structure, app development, designs, and more.
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