Airbnb: Competitors, Statistics, and Growth Analysis

Competitors

Let’s continue with competitors. There are several high-quality Airbnb competitors with networks and websites similar to Airbnb. For example: Tripping, HomoToGo, or HomeAway.

The competition in this sector is constantly growing because there is still a huge market for this kind of business. While in the past, the traditional form of accommodation for those who traveled was hotels, the new trends are more personal and exclusive.

Why Choose Us?

We are the first in the market. We are cheaper than others and offer more freedom. Using Airbnb, you meet people. It is more economical, and it keeps you active. We have a wide selection: single rooms, apartments, houseboats, etc. Listings are free because hosts don’t have to pay to list their properties. Hosts can set their own price. We have customizable searches; for example, you can also add keywords (such as ‘close to the Louvre’) to further narrow your search.

Keep in mind that Airbnb is only nine years old. However, it has been able to provide a global offer greater than that of the main hotel companies, including, in particular, Marriott International, Hilton Worldwide, InterContinental Hotels Group, AccorHotels Group, and Hyatt Hotels Corporation.

Another relevant fact is that Airbnb has reached a higher evolution than the "traditional competitors." Its growth is impressive, considering the company's recent creation, compared to big hotel chains established in the market long ago.

Now, let’s move to the next section.

Statistics

Reasons for Hosting: Pie Chart

If you look at this pie chart, you may see the reasons for hosting on Airbnb. 28% of people host to meet people.

While 49% of hosts are renting for financial reasons. Finally, 15% of them host because it keeps them active.

Growth of Airbnb: Line Graph

If you look at this line graph, you will see that the horizontal axis represents the years, and the vertical axis represents the number of millions.

After the initial launch, it looks like Airbnb has increased its number of users exponentially, showing higher growth only in 2016 than in the previous years. By the end of 2016, it obtained two million clients, almost double that of 2015 and quadruple that of 2014.

At this point, I would like to highlight the average number of vacation days of guests because I consider that it is relevant for our analysis: 53% of cases stay from 1 to 6 days, in 29% of cases from 7 to 29 days, and in 17% of cases, the duration is longer than one month.

Talking about the price of a reservation made through Airbnb, it depends on the fare per night set by the host, in addition to other rates or costs determined by the host or by Airbnb. For example, many hosts require a deposit or cleaning fees.

Conclusions/Brief Summary

Hopefully, I am now coming to the end of my talk.

To sum up, I would like to do a brief summary about Airbnb. As we saw before, we can conclude that Airbnb is another option of accommodation offered on the internet. It consists of staying at someone else's house, who wants to earn money with that extra room or apartment they have. Another strong point is the personal contact between hosts and guests.

What I like the most about Airbnb is that it allows you to rent full apartments, which is great for travelers in groups.

We have also observed that this new way of traveling has boosted thanks to the appearance of new technologies.

Thank you very much for your attention; that’s all I wanted to set forth about Airbnb. I hope you found it interesting. So, please, if anybody has any questions, I will do my best to answer them. If there are no more questions, I wrap it up here. Thanks again for coming!