Established in 2008, Airbnb is an online platform that connects travelers to local hosts. The platform gives people an opportunity to list their properties, rent them out and earn interest. Travelers can book homestays through the platform. Within a short period, Airbnb has spread its operations to over 190 countries across the globe.
The business model of Airbnb is unique. The company, as explained by the speaker in the video, makes money in two ways. Airbnb collects commission from hosts on each booking carried out through the platform. It also collects a certain percentage of commission from travelers on a successful booking. The platform is useful to both hosts and guests, says the speaker. For any questions related to personal finance, contact the money doctors at IndianMoney.com, a financial education company. They will help choose the right home loan or personal loan or credit card.