{"id":159774,"date":"2023-09-14T09:50:01","date_gmt":"2023-09-14T09:50:01","guid":{"rendered":"https:\/\/businessyield.com\/?p=159774"},"modified":"2023-09-14T09:50:02","modified_gmt":"2023-09-14T09:50:02","slug":"an-overview-of-the-meaning-of-airbnb-in-nigeria","status":"publish","type":"post","link":"https:\/\/businessyield.com\/bs-business\/an-overview-of-the-meaning-of-airbnb-in-nigeria\/","title":{"rendered":"An Overview of the Meaning of AirBnB in Nigeria \u00a0","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Airbnb<\/a>, formerly known as AirBed & Breakfast, is an online marketplace that connects guests with local hosts. The company’s founders began by hosting visitors on air mattresses in their living room, thereby converting their apartment into a bed and breakfast.<\/p>

Airbnb is a well-known online marketplace where property owners may offer their homes, flats, or rooms for short-term rentals. The need for economical and pleasant housing is increasing in Nigeria, creating an excellent opportunity for entrepreneurs to launch an Airbnb business. In this article, we will take more time to explain all of its features.<\/p>

What Is Airbnb?<\/strong><\/strong><\/span><\/h2>

Airbnb is a website where you may find cozy apartments for a long or short-term stay away from your house or area of residency while still feeling at home. More akin to what we commonly refer to as service apartments.<\/p>

This service assists property owners in renting out a portion of their property, the complete property, or a small portion of their property to tourists. These tourists could be passing through, short-term guests, stranded visitors, vacationers, or even locals looking for a place to unwind away from home. In any case, the goal is to have a cool environment away from home.<\/p>

Airbnb In Nigeria <\/strong><\/strong><\/span><\/h2>

Airbnb has become the widely accepted appellation for vacation or short-term rentals in today’s lodging rental sector. This Airbnb is mainly an uncharted area in Nigeria. Even though many individuals in Nigeria are unaware of what an Airbnb service is or how it works, many others are already using it to avoid paying high hotel bills.<\/p>

Apart from providing housing at a lower cost than hotels, Airbnb services also provide a comfortable environment away from home. People who want to learn about the culture of a new place will benefit more from renting an Airbnb home than from staying in a standard hotel.<\/p>

Prior to the arrival of Airbnb Homes in the Nigerian market, only the foreign-based Airbnb attempted to answer the problem of short-term vacation rentals in Nigeria. While the latter had the advantage of being in the market longer, the former had the advantage of being aimed primarily at Nigerians and allowing customers to pay in Naira rather than USD.<\/p>

Aside from these two big competitors, there are several luxury apartment rental companies, such as Shortlet Homes and so on. While these property rental firms address short-term housing rental demands in Nigeria, they are mostly focused on luxury apartment rentals and do not respond to the needs of common people, who are generally interested in economical conventional apartment rents.<\/p>

How Airbnb Services Operate<\/strong><\/span><\/h2>

A peer-to-peer model is common in Airbnb services. This enables two types of users: hosts and guests. The hosts, who are also property owners, list their property on the Airbnb website, which may comprise communal space, individual rooms, or a full apartment. Guests who are also property tenants and maybe travellers book the hosts’ properties for a limited time.<\/p>

#1. How Airbnb Works for Hosts <\/strong><\/span><\/h3>

The process for hosts on Airbnb websites is relatively simple. It is frequently used in the following order:<\/p>