Airbnb has grown into a well-known and thriving rental marketplace during the last decade. It currently owns only 10-15% of the vacation rental market, leaving approximately 50% of the startups to develop the Airbnb clone. This has further raised the demand for marketplace App development companies.
Airbnb was founded in 2008, and its current market value is $38 billion, with operations in more than 220 countries. Like other modern-day successful businesses, the journey of Airbnb started with MVP (Minimum Viable Product) which helped Chesky & Gebbia to pay their rent, engage users, and attract investments. The website connects travelers with homeowners and connects other buyers with hotels and hostels. So basically, there are three parties in the marketplace, i.e., hosts, travelers, and admins.
Infographic on Marketplace Like Airbnb
Developing a marketplace like Airbnb is different, and scaling it to million users requires hard work and dedication. All this won’t be possible without the assistance of skilled and experienced professionals. So, if you are looking for a team who can help you develop a feature-rich and result-driven website like Airbnb, hire dedicated app developers. They can help you craft a perfect website adhering to your business needs, resulting in better profit and sales.