What is Airbnb?
AirBnB is the technological evolution of shared spaces. TechCrunch describes its inception as one of the disruptive features of technology that has transformed the hospitality and real estate business. Many property owners have excess space that do not generate revenue. This may be a room in their own residence, an open field in a farm, a barn or perhaps even the occasional 1950’s themed garage. AirBnB came up with a solution by bridging the gap between property owners and people who are seeking out unique and affordable accommodations.
Accessible via an app or via the web, the service that AirBnb provides democratizes what was once an industry that’s only accessible to large holdings, corporations and big facilities. It also spun a unique experience for the traveler who’s tired of the “usual fare” of checking in at a big hotel that’s usually priced at a premium. It gave small homeowners, a chance to play the role of a host to guests all over the world.
For travelers, it features a unique and more authentic experience of what it is like to live among the locals. Guests could travel and stay at a low-cost inn where the homeowner is also the cook. In this way, the experience is diversified and more tangible. AirBnb is available in 191 countries and 81,000 cities all over the world.