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Traveling throughout the borders is usually the exhilaration of many humans around the arena. While every nook of the hall has a unique attraction to provide you, therefore, humans love to travel to different locations with a particular perspective. But as quickly as humans begin making plans and rolling out with their bookings, locating the excellent vicinity to live around the arena appears to be one of the most complex duties for the travelers. However, with the release of surprisingly feature-wealthy journey apps like “Airbnb,” journeying has emerged as a long way more tremendously comfortable and economical. Now, visitors don’t want to discover dozens of packages in Google Play Store and Apple App Store for hotel booking, homestay, assets apartment, or locating inexpensive houses for their vacations, as Airbnb serves as most of these offerings at one vicinity.
According to a Statistical study, on Airbnb, in 2020, they had 43.3 million users globally, and by 2022 it is expected to reach 45.6 million users. In this era of rapidly evolving technology, start-ups, entrepreneurs, and top brands would be wise to invest in establishing one of the fastest-growing and billion-dollar-valued property rental booking apps, such as Airbnb. However, one of the most commonly requested questions by start-ups and prominent organizations is, “How much does it cost to establish an app like Airbnb?”
This blog has covered the following topics:
- What exactly is Airbnb? Understanding the Travel App's Fundamentals
- Airbnb Statistics and Facts One Should Know
- How is its working principle?
- Fundamental and Intermediate Attributes Needed to Create an Airbnb-style App
- What is the total cost of creating an Airbnb-like app for one's company?
- Final Thoughts
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1. What exactly is Airbnb? Understanding the Travel App’s Fundamentals
Joe Gebbia and Brian Chesky are the founders of Airbnb in the year 2007 as an Air Bed and Breakfast website, charging guests $80 per night to sleep on air mattresses. However, in 2011, Airbnb had more than one million night bookings, 2500+ lights, and 10,000 Airbnb users. Yet today, Airbnb has become a leading global platform that brings together all owners and travelers to enhance the traveler experience. It is one of the rapidly growing online marketplaces for travelers and homeowners, allowing travelers to rent properties according to their preferences, budget, location, and time duration. Meanwhile, the same platform allows property owners to list apartments, houses, or rooms on this platform via their smartphone. This service is gaining worldwide popularity because you can easily search for and book things in any location you want.
Let’s find out market statistics and facts to help you understand if developing an app like Airbnb is worth it or not.
2. Airbnb Statistics and Facts One Should Know:
Technology has played a vital role in the tourism industry. It is necessary to thank the convenient mobile apps that have transformed the industry revolutionarily. Now, with the changing situation, most tour operators have created their travel websites. It facilitates potential customers to receive attractive discounts and other benefits. The study predicts that around 85% use travel apps or websites during a vacation. So if you are a touring company, you should develop and deploy your app to stay in business. We create different travel based website services to simplify the working of such platforms as travel booking, travel tips, booking cost comparison and many more.
- Airbnb's revenue in 2020 was $3.4 billion, a 30% decrease year on year due to the coronavirus pandemic.
- Airbnb claims to have 150 million users, though this figure has not been updated since 2018.
- In 2020, 193 million Airbnb bookings were made, a 41% decrease from the 272 million in 2019.
- Airbnb has over seven million listings, with four million hosts.
The travel industry is the new boom, and this trend is expected to continue. Developing an app like Airbnb has, without a doubt, become an impressive business idea in recent years. But, if you’re wondering how you can calculate the cost of developing an app like Airbnb, don’t worry; we’ll explain what factors go into its pricing and how it works.
3. How is its working principle?
- Airbnb's Guest Service Model:
Here are the six steps you should consider for your guests:
- Step 1 Login by web or mobile.
- Step 2 Profile updation, ID updation, and any other required information with pictures.
- Step 3 A variety of filters are there to customize preferences they want, such as price, location, property type, space, period, and so on.
- Step 4 Confirmation mail is received once the stay request is submitted.
- Step 5 After they have been confirmed, payment is made by various methods.
- Step 6 The final step is to check in and relax.
Confused about which type of airlike bnb app you need to build? Share your requirements and our experts will guide you.
- Airbnb's Guest Service Model:
- Step 1 REGISTRATION as a property host and must be above 18 years of age.
- Step 2 Profile creation by adding property details such as location, space area, and the number of guests required, apartment type, and more.
- Step 3 The property host must upload a clear, accurate, and high-definition image of their property and set the rent. In addition, to assist you in displaying your property in the best possible light, Airbnb offers you the option of hiring an official photographer to help you in uploading high-quality images.
- Step 4 The host should inform the guest about all of the details in advance, such as quiet hours, hygienic practices, and so on.
- Step 5 If the guest agrees to all terms and conditions, the host has complete discretion to approve or reject the stay.
- Step 6 The host will be paid within 24 hours of the guest checking in.
4. Digital Marketing Web Development Services
To create an Airbnb-style app, you’ll need a few basic and intermediate skills. Enrolment, generating profile, filters, room variants, room outlining such as images, specification, site map, ratings, rankings, terms, exchange rates, house rules, cancellation guidelines, reasonable level booking period, conveniences are just a few of the significant features that you should integrate. Referrals and invites, bookmarking, push notifications, booking history, and a skilled app developer.
These are the key features to consider if you want to create an app similar to Airbnb. However, the list doesn’t end here; you can add various other features to increase the app’s functionality based on your budget.
5. Entertainment Web & App Development Services
It isn’t easy to round off the final cost of developing an app like Airbnb. Nonetheless, with a thorough analysis and discussion, all of the features can help you determine the overall cost of the application. Features, project complexity, technology stack, hourly developer rate, and other factors contribute to the final development cost. As per the research study, the average cost of building an application like Airbnb ranges from $40,000 to $ 55,000+, but this can vary greatly depending on your company’s needs.
Apart from that, here is a list of engineers you’ll need for app development, along with approximate hours required to customize the app:
- 150–170 hours for a UI/UX designer
- 200–250 hours for a backend developer
- 150-200 hours for a frontend developer
- 100-120 hours for the project manager
- 160- 175 hours for QA Engineer
Final app costs determination can be done by multiplying the developer’s: “Total Number of Hours * Per Hour Development Cost” by the number of hours worked.
6. Final Thoughts
As the travel industry is expected to grow in the coming years, investing in a travel booking app like Airbnb is a wise decision for start-ups. Hopefully, you’ve determined the essential features and components, as well as the development cost, with the assistance of this article.
However, to decide the precise value of the app, it’s highly recommended to lease a software program improvement agency, as they compare your requirement and integrate the excellent suitable generation and then assist you to apprehend the exact price of the app development.
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