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Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests. Airbnb takes 3% commission of every booking from hosts, and between 6% and 12% from guests.
There’s plenty of criteria to list for/search a property: from a shared room to an entire house, to having a swimming pool to having a washing machine. There are photos of the property, and the hosts/guests, with full map listing.
Hosts can cash in on spare space, perhaps if children have flown the nest and there’s a spare bedroom. In fact, according to economist Dr Margarethe Theseira, if an Airbnb host lists their property for seven days a month on average they would earn £5,600 per year, a boost to household income equivalent to a 15% pay rise for an average full-time employee.
There is more than a financial impetus though: many guests like living like a local and getting restaurant recommendations from people really in-the-know, while many hosts just enjoy meeting new people and showing off their home.
Airbnb hosts list many different kinds of properties—single rooms, a suite of rooms, apartments, moored yachts, houseboats, entire houses, even a castle—on the Airbnb website.
Hosts don't have to pay to list their properties. Listings can include written descriptions, photographs with captions, and a user profile where potential guests can get to know a bit about the hosts.