AirBnB is an American company operating an online marketplace and hospitality service that allows people to lease or rent lodgings for short periods of time. It allows for holiday cottages, apartments, home stays, hostel or hotel owners to participate. The main achievement being the facilitation of tourism and its related expenses. Just like Uber not owning cars or Facebook not creating content, AirBnB the world's largest accommodation provider does not actually own any real estate or conduct tours. The company is a broker which receives a percentages of service fees from hosts and guests in conjunction with every booking. At this point it has over 5 million + lodging listings in more than 81,000 cities and 191 countries.
As much as we tourists love Airbnb, it doesn't look like everyone seems to agree with us. Some cities have already prohibited AirBnB, the most significant example being the "Big Apple". According to studies the problem is, that a significant number of AirBnB type rentals in New York were found to be non-compliant with vacation rental regulations; with over 50% of all units violating both state and local laws. This is not a singular problem, similar issues were found in other big cities such as Barcelona, Santa Monica or even Paris (Airbnb's - most popular destination) where fines can be as hefty as 25,000 euros.
Legal on vacation rentals
The AirBnB project got more ambitious in 2012. In San Francisco the company announced the launch of AirBnB Neighborhoods, a product aiming at following users to find the experiences they want to come across, based on their interests and the part of the city they chose to stay in, This is a well thought out strategy, the company's CEO Brian Chesky explained their clients had more than 3,000 choices on AirBnB in San Francisco back then, in the meantime AirBnB Neighborhoods expanded to six other cities and keeps on pursuing the goal of highlighting every city's interesting places, they advised tourists to live like a local.
In a smart campaign, just think about how smart it is to advertise your business, basing it on the idea that your clients could have the experience of "a local" while living in the accommodation you're putting at their disposal. Travellers use AirBnB precisely because they don't want to have the official tourist experience instead; they want to live like a local. This is why their campaign "Live like a local" promoted the idea of not touring Paris but instead living in Paris. The campaign was received extremely when launched in 2016.
According to Forbes; Brian Chesky the 36 year old American internet entrepreneur is the co-founder of AirBnB along with Nathan Blecharczyk and Joe Gebbia ; The three having started the business back in 2008. You might not see this one coming, but Chesky used to be a bodybuilder and attended Rhode Island School of Design where he used to earn $40,000 a year as an industrial designer in Los Angeles before Airbnb took off. The business idea came up in 2007 when the Industrial Designers Society of America was hosting a conference in San Francisco and all hotel rooms were booked up so, Chesky and Gebbia decided to rent their apartment for money, they purchased some extra air mattresses and marketed their rental as air bed-and-breakfast nowadays AirBnB. AirBnB is valued at more than twenty five billion dollars.
It's all rainbows and butterflies until you find out the apartment you leased on AirBnB was used as a brothel: This is exactly what happened to two Swedish women living in Stockholm when they were alerted by the police, that while raiding the apartment caught two of the AirBnB guests in bed with clients and there's more; a couple who checked into an apartment room in Longboat Key Florida discovered their host was intending to secretly film them, the camera pointing at the bed was hidden in the smoke detector which made them call the police directly.
It gets disturbingly worse in Minnesota, an AirBnB guest was arrested after the police found them naked in bed with their seven-year-old daughter. This time it was the homeowner who called the police to report the guests' alleged intention to sexually assault their own child; AirBnB spokesman Benjamin bright explained that all guests and hosts are screened globally against regulatory terrorists and sanctions watch lists.
The crime saga doesn't seem to end easily aside from the sex scandals other criminal incidents were reported; for example 3 AirBnB hosts in Melbourne Australia have been accused of murdering their guests. Ok, let's not panic, maybe it was a singular case not even screaming every host and guests can have a 100% rate of success, but the occurrence highlights a larger darker side to the billion-dollar business. There are definitely some downsides to the peer-to-peer services and this is precisely why government awareness increased in recent years, which resulted in important regulations aiming at ensuring that both consumers and providers are protected, particularly in the light of such incidents.
In 2015 giants AirBnB and Tesla announced an awesomely conceived partnership which consists of offering AirBnB hosts the possibility to install Tesla chargers on their properties. Fast charging stations are a key element in the growing of the Tesla business, as they make long-distance travel feasible and stress-free for owners of all-electric model assets. For this reason they agreed to offer the chargers free of charge to AirBnB hosts who list an entire home, who have had more than five bookings and have an average overall star rating of four plus. The hosts only have to pay for the installation which costs between 200 and 900 dollars depending on the layout of the home.
Machiavelli in San Cassiano Tuscany is the property you can live your Italian dreams at at the price of eleven thousand, six hundred and fifty eight dollars per night. The mansion is fully renovated, has ten luxurious bedrooms and is located in the heart of the Chianti region, it also has indoor and outdoor pools, sprawling grounds, a majestic terrace overlooking the vineyards and a gym on site, and yes of course this sounds like an amazing experience but there's one thing you're inner luxurious self has to take into consideration, before booking a mansion like this for your next holiday, the property actually has a four night minimum stay therefore you have to have a minimum budget of forty nine thousand, nine hundred and forty eight dollars which includes the three thousand, three hundred eighteen dollar service fee.
If you are looking for a celebrity worthy holiday you'll enjoy this news. AirBnB has now unveiled some properties that were rented by A-Listers like John Legend , Ariana Grande , Britney Spears and others . For example this year Lady Gaga chose to stay in a mess home with six bedrooms and an impressive swimming pool during Coachella . Looks like the estate was normally priced a bit over $10,000 per night but notice, it's a common thing for rentals to go up to $60,000 per weekend during the famous festival. Another cool example is a luxurious villa in Malibu that Britney Spears rented this year, with a beautiful view of the Pacific Ocean at the price of $7,705 per night.
We can all agree by now that AirBnB's concept is a revolutionary one, but it seems that their founders want to keep on revolutionising it. In order to boost customer satisfaction they've invested in and even held trials for 3D floor mapping using virtual reality and augmented reality technologies according to AirBnB . This will help customers get what they expect when they book. Apparently AirBnB are not the only company to invest in this, as there are hotels and event venue businesses that are doing the same, but the technology is really expensive which makes it less likely for it to be used on all AirBnB locations anytime soon.
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These avant-garde and luxury rentals are only increasingly a priority for the company looking to expand beyond its urban roots. In 2018 Airbnb announced it had acquired Montreal-based Luxury Retreats which boasts properties like, for example this 8 bedroom villa in Turks and Caicos thus Airbnb acquired about 4,000 luxury properties. This will boost the services' use amongst the wealthy clients who are looking for long vacation rental. Furthermore, " Beyond by Airbnb " offers entire private villas in spectacular destinations including butler service, personal chefs, heliskiing , day trips on a yacht and other bucket lists.
In February 2018 Airbnb and mortgage giant Fannie Mae and three big lenders announced opening the possibility for anyone who has rented out their property on AirBnB for more than a year, to count the money they made from vacation rentals as income. Thanks to this new program, this will allow hosts to use this income to tap home equity for renovations, college tuition as well as other big expenses. This will prove very useful for middle-class Americans according to experts, as they will be able to unleash or capture the value of the home therein.
Would you like to have the experience of living like Elizabeth Taylor for a day? Perfect because on AirBnB you can have that chance. Liz Taylor's estate in Palm Springs is up for rent for $625 per night. The estate is worthy of a Hollywood superstar with a luxurious living room, featuring a portrait of Liz herself, as well as art projects and other memorable photographs of memorabilia that once belonged to the late actress. So if you're a fan of Miss Taylor then wait no more hop on Airbnb and book yourself a stay.Check out this link: 9 celebrity houses listed on AirBnB.