As we know, Airbnb had a big influence on the hotel and hospitality industry. They introduced the concept of sharing economy platforms. Do you know why sharing economy platforms like Airbnb have grown? There are two reasons, first is technology advancement and the other one is the flexibility given to the customers. Due to those reasons “Airbnb” created a niche for itself in the hospitality industry, benefited its users from various captivating services.
As we all know that Airbnb is one of the top vacation rentals websites. The foremost inquest on most people’s mind is how they managed to become so successful in a short period. The answer is, through the customer-centric comforts, they won the millions of customer's hearts. That is why they touched one million booking milestone within 3 years and crossed the 5 million booking milestone within a year after that.
Even though Airbnb is one of the leading vacation rental service providers available out there, they do not have complete control over the market. This means that entrepreneurs who have an idea to start a business based on Airbnb will be able to gain control of the market.
As Airbnb is a major player in the sharing economy, it is assumed to be valued at 335 billion US dollars in the year 2025. This is based on the expected growth of Airbnb and other companies in upcoming years. That means people who join the business now will be able to reap the market.
It is predicted that no company will hold the total monopoly over the sharing economy. This means that whoever provides customers the best service they can win their business.
The sharing economy is a big sea with a lot of opportunities for entrepreneurs. Those entrepreneurs who wish to be a part of this growing economy can look at HOMESTAYDNN - Airbnb Clone Script, which brings you an exact clone of Airbnb business model by saving your time and money.