Airbnb is a website that allows property owners to rent an unused space or a spare room open to unknown guests and tourist people to make a fortune out of it.

Reason 1: A website makes it easy for business owners to handle all the booking details, transactions, and payments. This can result in keeping all the sensitive information very safe and secure.

Reason 2: In this technology connected world, today everything can be done online due to uninterrupted internet connection. A website makes it easy to book any rental property online and connect to a genuine host.

It also makes it easy for the host to invite pleasant guests to use their property instead of getting their property vandalized or damaged heavily.

CAR RENTAL BUSINESS-WHY?

For every business, even an experienced entrepreneur will have some doubts or anxieties while starting it. 

And may have many questions, will this business model grow in the future, will it be sustainable, and more? 

Let’s see, there is no bound for the need to travel for all people, it can be anything: stays, flights, car rentals, and more. This will be a compelling business for all time. The only thing is you need to work dynamically for attaining the brand name to overcome the competition.

Surprising stats for you

• The Airbnb-like car rental market has accounted for about  115 billion USD in the year 2021 alone. This includes all the tourism vehicle rental markets that occurred through online platforms. 

• And also expected this revenue will get 3X times to increase in the next coming year i.e., in 2022. This will get a 28% increase in revenue after the year 2024. 

Though there will be high competition in the market for online car rental services, there is also more space for you to launch the car rental services via niche features, offers and services to the consumers.

Let’s be ready to act only as a medium platform between car owners and renters. This will ensure your business starts with less investment and results in heavy ROI.

How Does The Airbnb Platform Work?

• The guests access the platform by logging in via Email, Google, or Facebook. There they can view the listings submitted by the host.
• Guests will select from the listings according to their preferences.
• The payout will be added by the host and the guest needs to send the booking request for the host to process through multiple booking options which include a request to booking and instant booking
• Through Instant booking options guests can book the services instantly whereas request to book options help them to send a booking request and wait until the host confirms the request.
• The host can confirm/decline the guests’ requests.
• After the request is confirmed by the host, the guest can check in to the platform.