![]() how does Airbnb work?Īirbnb Luxe offers pristine, expertly designed homes with luxury amenities, services, and a dedicated trip designer.Īirbnb is expanding its rental options to include some of the priciest and most luxurious accommodations on the planet. Also, the cost structure and revenue streams of the Airbnb business model. The Airbnb business model canvas explains the key partners, key activities, key resources, value proposition, customer relations, channels and customer segments of Airbnb. Airbnb Business Model Canvas Airbnb business model canvas Through facilitating access to distinctive spaces and local culture, Airbnb aims to enable travellers to “feel at home anywhere you go in the world” by building connections with local hosts, gaining access to distinctive spaces and culture of their destinations. Mission & Core Values:Īirbnb is more than an affordable travelling accommodation option. The most common revenue model of a platform business is to charge a service fee. In 2011, sharing was nominated as one of the “ 10 ideas that will change the world“. Sharing economy means “What is mine is yours, for a fee” ( The Economist) and has become a driving force behind a range of new business models. This is also referred to as peer-to-peer (P2P) business model. In other words, two-sided platforms connect owners and seekers at scale. However, the rise of digital platforms has enabled millions of people to easily connect. Renting assets to other people is something people have been doing for thousands of years. In Airbnb’s case, its business is connecting travellers with hosts renting space in their homes, generally on a short-term basis. The Airbnb business model is a good example of the sharing economy, an industry that is based on using digital platforms to unlock the value of underutilized assets.
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