If you have an idea of building an app like Airbnb, then you have landed at the right place.
Today, most travelers prefer homestay to hotels as it gives more comfort and privacy than hotels.
Additionally, homeowners are being very kind & friendly and allowing the guest to carry their pets with them.
The main goal of starting a vacation rental business is to connect people looking for accommodation with people who want to rent their homes and make revenue out of it.
Starting a vacation rental business is a tremendous process as you need to choose the right cost, technology, and features to compete with the market.
This blog gives you a very good idea about creating a vacation rental platform like Airbnb.
Let us discuss some benefits of starting a vacation rental platform.
There are more benefits to owning a vacation rental business compared to traditional long-term rentals.
Huge Gross Revenue: The annual growth will go up to 6.3% which results in a market volume of $105.70bn by 2026.
According to Copyrise report, global tourists spend 180 billion on travel every year.
Around 64% of the tourist choose to stay in a vacation rental for privacy, kitchen accessibility, and also it is pet friendly.
A vacation rental business allows you to generate revenue from additional services such as local tours, event hosting, cleaning, and laundry.
The deductions from rental income like easing fees, maintenance and repairs, utilities and supplies, property taxes and insurance helps you with tax advantages.
Features to consider for the vacation rental app like Airbnb
Guests are people who look for any house or property to stay, sleep and cook during their stay. They mainly look for homely staycations to enjoy their vacation.
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