Starting an Airbnb business can quickly become overwhelming if you do not follow a step-by-step process. 14 Steps to Building a Thriving Airbnb Business So, considering all of this, it can still be profitable to start an Airbnb business. In fact, the CEO of Airbnb, Brian Chesky, stated that their vacation rental platform would need millions of new hosts to meet the surge in demand for vacation rental bookings. What’s more, analysts also anticipate that there will be an increase in bookings as travel resumes. According to our own data shared in our 2021 industry trends report, the average nightly rate has bounced back to 2019 levels already.

The good news is that travel has started to pick up again. Not only will you meet new travelers from around the world, but it can also be financially lucrative.Īccording to online data, an Airbnb host could generate just over $900 per month before the COVID-19 pandemic. Starting an Airbnb business can be rewarding both personally and professionally. If the world of real estate is calling your name, here’s how you can start an Airbnb business from scratch. However, the rewarding experience will make all the required groundwork completely worth it. Sure, it is a time-consuming process to find a property and turn it into a guest-ready vacation rental.

To start an Airbnb business does not call for rocket science.

Starting an airbnb