Peer-to-peer (P2P) renting is transforming how people travel and book their accommodations. Before, you would have to stay at a hotel or book a place through a realty agency. Now, there are many more affordable and convenient options.
P2P renting allows homeowners to temporarily make their homes available to travelers. It’s a bit of extra income that homeowners wouldn’t normally be able to make. For travelers, P2P renting is likewise beneficial. The average hotel room costs approximately $137 per night, but with places like Airbnb, that average rate goes down to $80. So as you can see, homeowners make money while travelers save money. It’s a win-win scenario for all.
It’s important to be able to find affordable and convenient places to stay while travelling. That’s why the peer-to-peer rental marketplace is currently worth $26 billion dollars! It all surrounds a ‘sharing economy’ or ‘collaborative consumption,’ a popular economic model (which happens to also be the basis of Uber). The one thing to keep in mind is that no matter where you want to rent, location still is everything. The more popular the city, the more places are available. Check out this infographic to make the most out of your peer-to-peer renting experience.