App like Airbnb Development: Be the Next Airbnb Alternative with these 3 Strategies
This blog is for the curious property rental startups or entrepreneurs who are looking for app like Airbnb app development. Whether you are looking for building vacation rental websites or vacation rental apps, this blog is for you. Herein we have curated 3 strategies that you could learn from Airbnb.
Airbnb has disrupted the multi-billion dollar hotel industry. People, youngsters especially, are preferring Airbnb rentals over hotel rooms. How did this happen? An idea that bloomed in the minds of Brian Chesky and Joe Gebbia made all the difference.
They decided to offer a homely stay experience for the travellers. They made accommodation friendlier and more personal. With the advent of the Airbnb website and the Airbnb app, it revolutionized how people find their temporary abodes. Very recently, as reported by TechCrunch, it has started to sell rock climbing and camping trips. How? It just launched Airbnb Adventures as a part of Airbnb Experiences.
There are a few things to learn if you wish to build an app like Airbnb development or an alternative to the Airbnb app. Before jumping to that, let’s see some statistics that will show what this revolutionary property rental app has achieved.
Let’s talk about some statistics concerning Airbnb:
- According to CrunchBase, Airbnb was valued at $31 Billion after closing the second half of its series F funding with $1Billion in May 2017.
- Forbes reported that the most recent internal valuation of Airbnb conducted in preparation for its IPO is around $38 Billion this year (2019).
- Pitchbook reported- Airbnb is also preparing for its IPO this year (2019) or the next.
- After acquiring HotelTonight, as reported by TechCrunch, it is also leading the $160 Million financings (split evenly between equity and debts) of Lyric.
Be the Next Airbnb Alternative with these 3 Strategies
1 – Find your USP and stay focused on it
This strategy is its strength. Airbnb was born out of the idea to provide affordable living room bed and breakfast to its customers. It could have easily branched out to hotel booking apps and hotel reservation websites. Instead, it stuck with its vision and we all know what happened next.
Being in this exploding travel business, it can be difficult to find your unique trait/suit to stand out in the crowd. Well, even if you can’t find that unique trait you should avoid taking on too many things.
Of course, after you make your mark, you can branch out but don’t abandon your foundation. Airbnb has moved beyond virtual space and helped in finding hosts to help displaced people during emergencies creating goodwill.
Decide what you want. Whether its Airbnb like apps, websites similar to Airbnb, travel app, hotel booking websites or apps, just stay with your idea.
2 – Target the right customers and provide what they really want
If you’re interested in an app like Airbnb development, you should focus on the millennials while if your travel app is for solo travellers it will have different features.
Do not try too many things in one in order to get a wide audience. Just like Airbnb, follow what Paul Graham told them: “it’s better to have 100 people who love you than having a million of people that sort of like you.”
What sets Airbnb apart is its understanding of both, its customers and hosts. It makes sure that the hosts and people staying in their properties perform their duties honestly.
If you are planning on to build an app similar to Airbnb, you must know how personal living space can be, even if it is only for a short term. Making vacation rentals like a home away from home.
Basically, you need to find your target audience, find out their needs and take actions accordingly.
3 – Never abandon your vision
This might sound cliched but this attitude is a must if you want to make it big. Airbnb isn’t the first vacation rental app and it is not last. In fact, VRBO was dominating the market of vacation rental websites since 1995.
This did not stop Airbnb to jump into the sea of possibilities. Whether it was a calculated decision or a leap of faith, what helped it was the relentless perseverance.
In initial years, they were rejected by every investor they approached. Even after they started to grow, they faced other sorts of problems like legal issues to criticism of the Airbnb business model.
There are many Airbnb alternatives or Airbnb competitors in the market. Apps like Airbnb and other sites like Airbnb include tripping.com, HomeToGo, Booking.com, FlipKey, HomeAway, HomeStay.
These have created an online rental marketplace. They are still trying new things, competing and not giving in to the difficulties. Most importantly they are continuously growing and improving.
Remember Tony Stark’s lakeside cabin in the movie Avengers Endgame? It is now available to rent on Airbnb! Who would’ve imagined that an idea to rent property to travellers for making a few extra bucks will turn into an opportunity to rent Ironman’s house?
If you’re still wondering how does Airbnb work, we can sum it up like this: Airbnb works with Technology, Vision, and Dedication. We are sure you have the vision and dedication. For the technology part, you can contact us.
If you want to build an app or website like Airbnb, we can help you out. Why us? Well, we are an eminent mobile app development company in Canada. We take pride in having an experience of developing over 3500 apps and over 500 websites of various categories successfully.
If you still have any queries or doubts regarding app like Airbnb development or Airbnb similar website development, vacation rental apps or vacation rental website development, feel free to contact our expert, who will be happy to help you out.
In fact, this is a free consultation and you can get an estimated cost of your app like Airbnb development for free.
This page was last edited on June 14th, 2019, at 13:29.