Over the past decade, Airbnb has become one of the most popular and profitable online vacation rental marketplaces all over the world.
After witnessing the success of Airbnb, many entrepreneurs are interested in creating a website like Airbnb. But it takes lots of effort and time. And also, you need to stand out from the competition.
You may think, how? 🤔
Read this blog till the end. This blog will guide you to create a successful vacation rental website like Airbnb.
Before we start,
Let’s see some interesting facts for the vacation industry,
According to statista,
- The total revenue in the vacation rental segment is projected to hit US$96.85bn in 2023.
- In the Vacation Rentals segment, 83% of total revenue will be generated through online sales by 2027.
Airbnb was founded in 2008 by Brian Chesky and Joe Gebbia in San Francisco, California. The idea of Airbnb came about when the founders decided to rent out their apartment to make some extra money. Then, they quickly realized the potential of renting unused space to travelers and started building their platform.
Initially, Airbnb was known as “AirBed and Breakfast,” and its first listings were air mattresses in the founders’ living room. Over the years, Airbnb has experienced significant growth and has become one of the most popular travel and accommodation platforms in the world.
Airbnb’s business model:
If you want to build a website like Airbnb, then you must be aware of Airbnb’s business model and how they earn money.
The primary source of Airbnb is the commission fee collected from the Guest and Host.
Commission from Hosts:
Everytime travelers booking a host’s property and completed the payment, Airbnb takes 10% of the commission from the Host.
Transaction fee from travelers:
When travelers choose a property and make the payments for stays, they will charge a 3% fee for the transaction.
How Airbnb Works?
- Guests will register/login into the platform by using the multiple login options. The host can list the property for rent in the platform by completing the required steps.
- With the advanced filter options, the guest can choose their preferred listing from the list.
- Host will add the payout to receive the earnings from the Admin. The guest guest has send the booking request to the host by choosing multiple booking options including “Instant booking” and “Request to booking”
- “Instant booking” option allows guests to book the property immediately and the “Request to booking” option allows the guest to send the booking request to the host and then they will contact the host for more details.
- The host can accept/decline the booking request from the host.
- Once the booking is confirmed, the guest can check in to the property on the booked dates.
- After the check out, the host and guest can rate & review based on their experience.
Steps to create a website like Airbnb:
The first step in developing a website like Airbnb is to complete analysis, understanding and requirements gathering of your target market. If you develop a website without the market analysis, you won’t meet what your audience is looking for and what your competitors are doing.
Once you analysed the market and the competitors, then the second step is to design your website based on your research.
An attractive design not only draws in users but also facilitates their engagement with the rental platform.
The goal of designing is to provide users with a visually appealing and user-friendly experience.
The most essential aspect of a website is the development process, which begins with coding based on the design.
Coding involves three primary components: front end, back end, and APIs.
After completion, the website must undergo quality checks to ensure it is free of bugs.
Testing is a critical part of website and application development and should be conducted at every stage. Its purpose is to identify and resolve bugs through various testing methods such as smoke testing, unit testing, functionality testing, and performance testing. Once testing is complete and all bugs are resolved, the website is approved for launch.
Maintenance and Support:
The final phase is website launch, which marks the beginning of the market phase. Expert support is available throughout the process to assist with launching a website like Airbnb successfully. Ongoing maintenance and support are essential for maintaining the website’s functionality and addressing any issues that may arise.
Selecting the appropriate technology stack is a crucial step in the website development process. The website’s design must be future-proof, scalable, maintainable, and aligned with the business’s functional requirements.
Here is a suggested technology stack for developing a website similar to Airbnb:
Front-end: React, Redux, Bootstrap
Back-end: Node JS, GraphQL
Seasonal Pricing Calendar:
With this feature, hosts can set prices for specific seasons by selecting dates in the calendar. This helps increase revenue as well as the bookings.
The iCal integration feature enables hosts to synchronize their calendars with external calendars, allowing them to import and access booking details from any device with ease.
Supporting Stripe makes payment processing more secure and hassle-free for guests, increasing their trust and conversion rates.
Multilingual and Multi Currency Options:
Multiple language and currency options are essential features for an Airbnb-like website. Guests can choose their preferred language and currency, simplifying the booking process and providing a better user experience.
Diverse Booking Options:
Guests can choose between Instant Book and Request to Book options. Instant Book allows immediate booking, while Request to Book sends a booking request to the host, who must confirm the reservation.
Cost of Development:
There are two approaches to building a website like Airbnb:
Developing the website from scratch
Developing the website from scratch can take more than or equal to $50,000 to complete the project.
Customizing a pre-built Airbnb clone script to suit your business requirements
Alternatively, customizing a pre-built Airbnb clone can cost a maximum of $3500 to build the complete MVP product for your business.
I hope that this blog has provided you with sufficient information to build a website similar to Airbnb. At this point, you should be familiar with the essential steps involved in developing such a website, including selecting a technology stack, estimating development costs.