If you’re wondering what Airbnb is, “ how does it work for owners?” and how you can leverage the service to monetise your property, awesome. Good for you if you’re already letting out your apartment on the Airbnb platform. Before its launch in 2007, other players dictated a large part of affairs, and the only options for travellers were hotels and hostels. Airbnb has transformed how the hospitality industry works.

One of those that have taken a serious interest in the sector is Airbnb. Therefore, it should be no surprise that private institutions are looking in its direction. It also employs as many as 2.9 million people, making it the third largest among private sector employers in the country. Airbnb is already a household name as far as hospitality is concerned, but how does Airbnb work for owners? The hospitality industry is a crucial part of any economy, partly because housing is a basic necessity and due to the exciting dynamic with which it is growing.Īccording to an UKHospitality report, the United Kingdom hospitality industry generates as much as £130bn.

Airbnb host