What key factors may determine the success or failure of Airbnb?

Being successful in the Sharing Economy means building a business style that’s based on trust, authenticity and transparency with your customers.

Who are the potential competitors for Airbnb’s services in this market?

Airbnb competitors include websites like Vrbo, Booking.com, Tripadvisor, Agoda, Expedia, TUI Villas, TravelStaytion, HomeToGo, Plum Guide, and Google. Not all of them are vacation rental marketplaces.

Why there is no competitor for Airbnb?

Airbnb arguably has no startup competitors. If anything, its direct competition comes from incumbent like Booking.com trying to get in on its turf, to protect their existing business model. Uber on the other hand, has severe direct competition in almost every market.

What is Airbnb biggest competitor?

HomeAway has been dominating the industry for many years now and is one of the most famous Airbnb competitors. You have probably come across it on Google as it can be seen among the top search results for booking sites. There are more than 2 million listings on HomeAway and the platform operates in 190 countries.

What are the factors of potential competitors?

From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location.

What is Airbnb’s competitor?

In this article, we’ll compare and contrast Airbnb and its closest competitors: Vrbo/HomeAway, Tripadvisor/FlipKey, and Booking.com.

What is a good reason for Airbnb?

Tourists are mostly motivated to book Airbnb accommodations because of their low cost, convenient location, and household amenities. They are generally less motivated by the opportunity to interact with the host or other locals, or by the promise of an authentic, local experience.

How can Airbnb lose its competitive advantage?

Airbnb lacks a sustainable competitive advantage, faces a heavy influx of new competitors, and also faces multiple legal and trust issues in the market. Airbnb must determine its direction moving forward or risk losing its competitive position in this emerging industry.

How does Airbnb affect local housing costs?

Rising housing costs are a key problem for American families, and evidence suggests that the presence of Airbnb raises local housing costs.

What should I do if I have a problem with Airbnb?

In these cases, your best recourse is to minimize contact (most hosts will respect a closed door) and to have a backup plan (such as an inexpensive nearby hotel where you can go if your Airbnb stay becomes unbearable). I’m not sure if my rental is legal.

What are the advantages of Airbnb hosts?

Airbnb can benefit both hosts and travelers. Hosts get to meet people from around the world while making a little extra money, and travelers can often stay for less than the cost of a hotel room. In addition, many travelers enjoy accommodations that offer a different experience from standard hotels.

Is Airbnb destroying New York City’s affordable housing?

Airbnb consistently undermines the City’s efforts to preserve affordable housing, and regularly attempts to thwart regulations put in place to protect New York City residents” ~ statement from NYC Council members Helen Rosenthal and Jumaane Williams.