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Airbnb: Advantages and Disadvantages
Airbnb: An Overview
Airbnb is an internet marketplace that connects people who wish to rent out their homes with people who find themselves looking for lodging in that locale. It currently covers more than one hundred,000 cities and 220 countries worldwide. The company’s name comes from "air mattress B&B."
For hosts, participating in Airbnb is a way to earn some earnings from their property, however with the risk that the guest would possibly do damage to it. For friends, the advantage can be relatively cheap accommodations, however with the risk that the property won’t be as appealing because the listing made it seem.
The Advantages of Airbnb
Extensive Selection
Airbnb hosts list many alternative kinds of properties—single rooms, a suite of rooms, apartments, moored yachts, houseboats, total houses, even a castle—on the Airbnb website.
Free Listings
Hosts don’t have to pay to list their properties. Listings can embody written descriptions, images with captions, and a person profile the place potential visitors can get to know a bit about the hosts.
Hosts Can Set Their Own Price
It’s as much as every host to determine how a lot to charge per night time, per week, or per month.
Customizable Searches
Visitors can search the Airbnb database—not only by date and placement, however by value, type of property, amenities, and the language of the host. They can also add keywords (similar to "close to the Louvre") to additional slim their search.
Additional Services
In recent times Airbnb has expanded its offerings to include experiences and restaurants. Besides a listing of available lodging for the dates they plan to travel, individuals searching by location will see a list of experiences, akin to classes and sightseeing, offered by local Airbnb hosts. Restaurant listings also embody critiques from Airbnb hosts.
Protections for Friends and Hosts
As a protection for guests, 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 Assure program "provides protection for as much as $1,000,000 in damages to covered property in the rare event of visitor damage, in eligible countries."
The Disadvantages of Airbnb
What You See Could Not Be What You Get
Booking lodging with Airbnb isn't like booking a room with a major hotel chain, the place you will have a reasonable assurance that the property will be as advertised. Individual hosts create their own listings, and a few could also be more trustworthy than others. However, earlier friends typically put up 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 stories of whole houses being trashed by dozens of partygoers when the Airbnb hosts thought they were renting to a quiet family. Airbnb’s Host Assure program, described above, provides some assurance, however it might not cover everything, equivalent to cash, rare artworkwork, jewelry, and pets. Hosts whose homes are damaged might also experience considerable inconvenience.
Added Fees
Airbnb imposes a number of additional charges (as, after all, do hotels and different lodging providers). Company pay a guest service charge of 0% to twenty% on top of the reservation price, to cover Airbnb’s customer help and other services. Prices display within the currency the consumer selects, provided Airbnb supports it. Banks or credit card issuers may add charges if applicable.
And while listings are free, Airbnb expenses hosts a service payment of no less than 3% for every reservation, to cover the price of processing the transaction.
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