When airbnb first appeared, it was a game change These markets connect people who are trying to rent their property with people who are looking for a place to rent in a particular area. It is no longer difficult to build a vacation rental market like airbnb. All booking platforms can easily realize revenue through various methods, so they can become a huge source of revenue. This article describes the following: What is the rental market? WordPress, the prerequisite for airbnb business model to create a multi supplier reservation platform, introduces the whole process of building airbnb and other websites in stages, and briefly explains the most popular profit model on the multi supplier reservation platform.
OK, let’s go! What is the rental market? The leasing market is a platform for people to lease real estate to each other. Perhaps the most representative example is airbnb. When airbnb first appeared, it was me from the game chain. Airbnb’s idea is as simple as ABC. Connect people who want to rent dormitories with people who want to live. This is a community-based online platform, which has changed the way we travel, without our own property, and has become a world-famous company. But let’s take a closer look at how it works and makes money. Are you looking for word press topics like airbnb? Please confirm that one of the secrets of airbnb’s success in renting the hive airbnb business model is that it is completely free to join the platform, and anyone can register their property for free. Market place charges users only when booking is confirmed.
Airbnb is a two-sided market. All reservations are charged from both hosts and guests. Most guests pay less than 14% of the subtotal of the reservation, and charge 3% of the service charge to the host. For example, for the $100 per night reservation set by the host, airbnb can be divided into host fee and guest fee to earn about $15. In addition, the platform allows experienced hosts to provide multiple experiences (direct or online activities). They can provide travelers with special knowledge, unique technology, and in-house visits to experiences, locations and communities from the Mezcal & Tequila Cocktail master class to the night Desert Wildlife Park. Not to mention, airbnb charges 20% of the service fee to hosts that provide experience.
Please think about it. Airbnb has more than 150 million users worldwide and charges each user for each appointment. To better understand the benefits of airbnb, please check the following statistics. Male global air traffic revenue from 2017 to 2020 (US $1 billion). The prerequisite for creating a multi vendor booking platform is that you now have a better understanding of the rental market place and operation mode, but how about starting your own market place? You just need to choose a more specific niche market and make every effort to provide high-quality services to target customers.
When you have an online business idea, the easiest way to test it is to build a website with word press. This is a user-friendly free content management system. Beginners can also process and create fully functional websites like airbnb without any code. Therefore, before starting the vacation rental platform, please ensure the following preconditions: domain name Managed Plans Install the press; Text printing theme. Let’s briefly introduce each. The starting point of domain name import is to select the appropriate domain name for the future rental market. By default, it is the URL of the website, such as \
Must be activated.
After activating rentalhive, you will be prompted to install multiple plug-ins, including hivepress. Plug in, which supports most market display and booking functions on the booking platform. Therefore, all recommended plug-ins must be installed and activated along the recommended links. To make things easier, you can import rentalhive demo content to learn more about how everything works in a pre created list. You can import as appropriate by following the step-by-step screen broadcast below. Now, let’s go to the next step and install some additional features.
2. More than 15 rentalhive audons are available for installation during the audon installation holiday to improve the rental market. For example, you can install the geolocation extension, integrate your website with Google maps, and allow users to search for properties by location. When travelers look for places to stay, location is the most important factor, so this is an important function. To enrich the reservation platform through additional functions, please view the hivepress plug-in freely in the extension section of WP control board > hivepress >. After installing the required additional functions, you can continue to the next step. 3. Add user-defined list field. You can now set the reservation market. Each site is unique and may require different booking details depending on site clearance and requirements. In the current situation, we are building a website similar to airbnb, so we will add several custom fields related to the real estate list. You can add custom fields in the WP dashboard > list > attributes section. For example, you can add a parking property so that users can search for the property where the parking lot is located. To do this, you only need to set the property name, allow front-end editing, and then select the property type. It is recommended that you select the check box type for this item. Then, mark the attribute as filterable so that the user can filter it with the field value and set the check box to the search field type. Finally, you can assign these custom fields to a specific template area and set the display format to define how they are displayed on the list page. When finished, click the Publish button. That’s all! You can add more custom properties and search filters based on site gaps and requirements in the same way. OK, now let’s add the first attribute list. 4. In order to add the real estate catalog tutorial, we imported the rentalhive demo content, so we will add a new list to one of the pre created categories (such as the \
Setting certain retention restrictions limits users. For example, in the current situation, users cannot book the house for more than 14 days, nor can they check in before 5 days from today (see the screenshot below). Because several retention restrictions were set in the previous step. To book a house, you must select a date and click the reservation request button. Before sending the request, the user will be redirected to the confirmation page to view all details and add comments. After confirming all the details, the user can click the send request button to complete the reservation. If the user has booked a stay, the host can view the reserved reservation requests in the my account > reservations section and accept or reject them. That’s all! If the reservation is accepted, the user can receive the reservation confirmation by email and start packing the travel bag. Also, keep in mind that the host also has a calendar feature that can block or disable specific dates so they can be used for new schedules or unavailable. Through the planning calendar, the host can also view the full picture of the month, such as upcoming plans, available dates and unavailable dates. 
6. As a vacation rental platform for income generation, finally, I would like to mention several income generation modes that can be used for income generation on the reservation website. First, you can charge the host a one-time fee for registering for accommodation on the website. This is a widely used way to make money in thousands of markets. You can easily create and sell list packages using the free charge list extension provided in the WP dashboard > hivepress > extension section. But websites such as airbnb use different profit models. These booking sites will generate revenue through the handling and transaction fees charged for each booking. For example, airbnb charges a fixed fee of 10% for each reservation from travelers and a transaction fee of 3% of the reservation amount from the host. To use this revenue generation model, you can set a fee on the website using the marketplace extension already included in rentalhive. You can choose one of the revenue generation modes mentioned above, or you can use both modes at the same time. In addition, if there is appropriate traffic, you can always choose to use Google Adsense to deploy banner ads on the website or increase revenue. That’s all for today! I hope that through this article, you can immediately get the idea of a tool for building a reservation platform similar to airbnb. Like other online platforms, acquiring initial users may take time and marketing efforts, but once the appropriate traffic is obtained, the website can become a profitable business. So if you want to create websites like airbnb with WordPress, remember that you can easily build them as rentalhive themes. It is an easy, easy-to-use and customizable theme, which basically has all the necessary functions.
