In my last Airbnb video I talk about starting a Airbnb business and now I want to talk more about what Airbnb actually is. You know the platform and a little bit of background information on the company as a whole.
Airbnb is an online platform where hosts can list their spaces and guests can find accommodation, often in home stays. The site is known for its unique options offering housing in castles, treehouses, and tiny houses, among many other choices.
Airbnb also offers in-person or online experiences, often hosted by a local, that are specific to a certain area.Airbnb went public on Dec. 10, 2020, with the ticker symbol “ABNB.”
On its opening day, the company’s public offering price was $68 per share and no its not a dividend paying stock. Airbnb offers a couple of service-fee structures for hosting.
These include options for hosts and guests to both pay services fees as well as a host-only fee where the entire service fee is deducted from the host payout. Splitting the service fee with the guest is the most common option, with most hosts paying a 3% fee and a guest paying under 14.2% of the booking subtotal.4
However, fee rates may increase in certain situations. To become an Airbnb host, sign up on the company’s website and create a listing for your rental space. Then include some basic information, a description, and photos of the rental.
When you’re available to host, you’ll need to establish your house rules and set your prices. Airbnb offers detailed resources on its website to help with the hosting process.A big portion of this information was pulled from thebalance.com. Its a great website and you should check them out.
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