How Much Does it Cost To Develop an App Like Airbnb?
Over the past few years, the tourism and hospitality industry has grown significantly with an exploding social media influence and intense traveling activities across the world. Since 2021, the sector has witnessed a boost as it grows by 7% to $4.7 trillion in 2023, and the pace is showing no sign of slowing down. Tapping into this evolving scenario, Airbnb, as one of the most popular booking services, has significantly contributed to this growth over the past decades. It has reshaped the way we travel by offering a combination of luxurious accommodation and guest experience at an affordable price. Its growth continues in 2023 as well, with 16.6% more listings on this platform.
In 2023, Airbnb earned a net income of $4.4 billion, prompting many entrepreneurs to build a booking app like Airbnb. The strong revenue growth Airbnb has maintained in the past few years is nothing but phenomenal and tells us how rewarding its business model is. Undoubtedly, it is an exciting venture, and you may be wondering how to create an app like Airbnb and what its cost would be. If you’re a startup owner looking to build an app like this or an established business exploring new opportunities, this comprehensive article will help you get in-depth insights on building a booking platform like Airbnb. So, stay tuned till the end.