Airbnb operates an online marketplace that connects people looking to rent out their homes with those seeking accommodations. The platform primarily caters to short-term lodging, though it has expanded into longer-term stays and experiences. The business model is based on a commission from each booking, charged to both hosts and guests. Airbnb's products include its core accommodation listings, Airbnb Experiences, Airbnb Plus, and Airbnb Luxe.
The core product for Airbnb is its accommodation listings, which includ...
The core accommodation listings are classified as a Star. This product has a significant market share due to its early entry into the market and strong brand recognition. The market is still growing rapidly as more consumers prefer unique and personalized lodging experiences over traditional hotels. Competitors like Booking.com and Vrbo exist, but Airbnb maintains a competitive edge through its extensive listings and user-friendly platform.
Airbnb Experiences are classified as a Question mark. While the product is growing...
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