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Want to build a vacation rental app like Airbnb, then this guide is for you. Learn everything from development, functioning, to business model and monetization opportunities offered by a vacation rental app like Airbnb.
With easily accessible travel applications like Airbnb, it has become feasible for people worldwide to purchase tickets, book accommodations, or compare prices by simply clicking a few taps on their smartphones. And this is one of the primary reasons behind the sought-after online travel industry.
According to the research conducted by Global News Wire, the online travel market size all over the world is anticipated to reach USD 1834.6 Billion with a compound annual growth rate of 14.8 % by 2030.
So, if you want to develop another app like Airbnb, this comprehensive guide will give you all the relevant and important information. However, when it comes to the best travel applications, Airbnb has left the mark.
Key Takeaways
Consider the below-mentioned platforms to create another app like Airbnb that provides comfort and value to both the hosts and guests.
The development of a similar application like Airbnb can be a strenuous task, but by planning and executing it carefully, you can simplify it into various manageable steps.
Identify The Target Audience: Before starting to develop an application, it is indispensable to identify the target market and comprehend the preferences, demographics, and needs of the target audience. It helps you come up with an application that caters to their particular requirements and specifications.
Define Your App’s Features: Once the target audience has been identified, the features of your application need to be defined. Come up with the features that set your application apart from other travel applications in the market.
Choose Your Development Platform: Whether you are planning to develop an application for iOS, Android, or both, you need to know your target audience and associated app features first. Choose a platform that aligns the best with your goals.
Hire A Development Team : Until and unless you are highly experienced in app development, hiring a professional team of experts can help you create an optimum application. Find a team that specializes in developing travel apps to make sure you get the optimum app development experience.
Design Your Application’s User Interface: The user interface of your application needs to be user-friendly, engaging, and easy to navigate. It is indispensable to hire a designer who knows how to create an interface that meets the needs of your target audience.
Develop Your App’s Backend: The backend of your application is the engine that gives power to it. So it is indispensable to develop a backend that can handle the features of the application and drive the user traffic.
Test Your App: It is important to ensure that the application works properly and catch any bugs or issues before launching it. You should carry out extensive testing.
Launch Your App: Once the application is ready, you can launch it. Come up with a launch strategy so that you can effectively reach your target audience.
Monitor and Update Your App: Once the application has been launched, it’s important to monitor and update it regularly to stay competitive in the market. You should always take the feedback and reviews of potential users to improve the features and functionalities of the application.
Commission From The Hosts: A 3% service fee is charged from the hosts after the completion of every booking procedure. This service fee is also known as the commission fee. On the other hand, guests pay a non-refundable fee that is entirely based on the type of property listing with a minimum of 6%.
Transaction Fee From Travellers: The app receives a certain amount of fee on every transaction that’s made by the traveller whenever they book an accommodation through the application.
Property Listing Fee: Whenever you list the properties on the application, you receive a certain amount of fee and this is known as the ‘ Property listing fee ‘. An online marketplace with holiday homes is indeed a great revenue stream.
Advertisement Sales: Whenever the application publishes the advertisements they get from other brands, it becomes the way to earn revenue through advertisement sales.
Property Verification Fee: Property owners get this fee for verifying the ownership of the property.
Property Photography Fee: Apps like Airbnb are heavily reliant on premium-quality photographs and pictures. It increases the chances of your property being booked. Hosts pay to get their property photographed in the best possible manner.
Promoted Listings: Aside from general listings, some people want to take their listings to the top and they pay for the sponsored listings.
When it comes to an online marketplace with holiday homes, saturation plays a major role. The Airbnb app is currently owning 10 to 15% of the overall vacation rental market which means businesses have a lot of room to create another app like Airbnb.
Therefore, an adequate amount of space is available for you to leave a mark in the travel industry. When an application like Airbnb is being developed, the application will allow the hosts to list down the properties and the travellers can search for the properties as per their desired locations. Through these types of applications, travellers can book the property and purchase it online.
Looking for custom app development services? Digital Gravity Agency’s team of experienced developers offers win-win solutions to meet your unique needs.
Holiday home booking sites such as Airbnb, HomeAway, and Booking.com rank on top of search engines like Google and other search engine result pages.
The overall cost of designing an application like Airbnb is somewhere around USD 5400 to USD 56,500.
We are a digital agency has experience working with top notch clients. We provide web designs, web application, mobile application and all digital marketing services. We work with individual clients and also agencies.
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