The Need For Apps Like Airbnb Are On The Rise As Travel Comes Back

July 9, 2021 | Sakshi Sharma

Covid-19 has tossed out most travel plans for people in 2020. Thankfully things have started changing. According to reports holiday bookings have once again begun to soar. Bookings for May 2022 were up by 150%. It is predicted that by 2025 leisure travel as a whole will be close to record levels.

This in turn will lead to a huge growth of the vacation rental industry. The vacation rental market size is expected to grow by $62.97 billion and there is a huge space for startups and new players. Even Airbnb, which is considered a leader in the market, owns only 10 to 15% of the vacation rental market. Nearly 50% of the market is available for other startups to develop an app like Airbnb.

The statistics show that developing a similar app is a smart business idea. Let’s dive into more about these apps and how to develop one.

What is Airbnb

Airbnb is a travel app designed for home rental opportunities all over the world. It is a digital platform serving as a marketplace for people who can earn money by renting out their property to guests. This gives the guests an opportunity to not only stay in less-expensive accommodations but also have a great opportunity to interact with locals.

The company has more than 100 million users and more than 4 million listings in 191 countries. There are other online booking platforms such as Vrbo, HomeAway, and Booking.com and all of them are doing well in the market. All these technologies have brought about a digital revolution for holidaymakers.

Benefits of a vacation rental app

Hosts

1. Can make money by renting out spaces.

2. Most of the companies provide insurance.

3. Receive free photoshoots of their property thus making it more visible to a lot of users.

Guests

1. Can get insider’s experience by booking a homestay with a local guest. This gives a unique hospitality experience and allows people to make friends and build relationships.

2. Can choose from a variety of prices and unique destinations. There are a lot of options available for a traveler.

Revenue generation

Apps like Airbnb offer property listings free of charge to view by travelers. Owners can also add them. It gets its share from the booking and also the monetary transactions are done on its platform. It gets a share from both the host and the guest.

How to create an app like Airbnb in an easy way

Here are a few tips on how to develop a similar quality app.

1. Adopt an existing business model without its drawbacks

Go with an existing business model. This will reduce your costs considerably. There is a lot of data available on what worked for these apps and what didn’t. You can focus on creating a unique user experience and invest in UI/UX design. Companies like SDI can create designs that are sure to delight the users and bring in a lot of travel business.

2. Cross-platform solution

Opting for a cross-platform development will save costs. You can build for both Android and iOS at the same time. You can also start with one platform and then add another. The second platform will cost much less since you already have the backend.

3. Test for your target user

Quality assurance is important and you should check whether your product works as it should meet the user’s needs. The app should ensure the maximum convenience of the users of various browsers, screen sizes, mobile devices, and app platforms. SDI has got the best testing strategies and we ensure that the app meets the highest quality standards.

4. Minimum viable product

You can start with a simple one and then improve them gradually. MVP can have features like property lists, search for properties, a form to book, etc. More and more advanced functions can be tested and added later. To make your road to success smoother and easier, minimum viable product development would be the best approach.

You shouldn’t wait long as the travel industry has started booming and this is the right time to develop a vacation rental app. Whether you are a property owner or an online travel agent SDI can come up with one which is sure to give the established players a run for their money.

Building apps has always been our passion and our team of experts has got decades of experience. We have helped startups, mid-sized firms and large corporations make faster technological decisions and have built several applications for the future, strongly believing in a win-win relationship. Our mobile app solutions have always been affordable and of high quality.

To accomplish your business objectives in a cost-effective way call 408.621.8481 or email at team@sdi.la.

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