The major disruption that Airbnb has caused today is to the Hotel Industries. While offering the same or in cases, better home-like services than hotels at affordable prices is a concept worth appreciating.
But when it will come to traveling, the rental model will change for some of the services. Such as flights, buses, trains cannot be listed and API’s will be required from the dedicated platforms.
Today, Airbnb became the most accepted as a form of accommodation and the listings are exponentially increasing along with the ratio of the bookings per user.
There are cleaning, data analytics, and management services being integrated making it simpler for the host.
These services will make hosting simpler, thus creating more hosts.
Thus, Airbnb’s hospitality industry transformation is following three golden rules of innovation –
1) businesses should consider innovation which doesn’t happen without overshadowing the need,
2) innovators address a human need that is left without being met, and
3) establishing a dedicated platform to meet the demand.