Is Airbnb a platform economy?

The platform economy is economic and social activity facilitated by platforms. Such platforms are typically online sales or technology frameworks. By far the most common type are transaction platforms, also known as digital matchmakers. Examples of transaction platforms include Amazon, Airbnb, Uber, and Baidu.



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Similar to Airbnb, Vrbo is a vacation rental platform where homeowners list their properties directly on the website. They both offer unique accommodations that range from beach houses, mountain cabins, treehouses, villas, boats and more. Both of them also offer similar features as well.

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Since the entry of Airbnb into the hospitality industry in 2008, media attention has largely focused on the disruptive nature of the service.

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Here we compare two popular vacation rental platforms — Airbnb and Vrbo — across several criteria. We found that Airbnb offers a better overall experience for most travelers, but the right choice will depend on your travel preferences.

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Airbnb is a successful example of B2C businesses in the travel. The company provides you with essential things for an unforgettable trip - places, accommodations, experiences, and more.

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Running an Airbnb can make you a small-business owner in the eyes of the IRS, so you'll need to report your Airbnb income and expenses on your federal tax return.

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However, part of it can be explained by the competitive advantages it has created throughout its existence. In short, Airbnb benefits from three distinct competitive moats, namely network economies, strong branding, and the ability to attract and retain the world's best talent.

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The customer care costs for Airbnb are often more costly than those for VRBO. On Airbnb, customer service charges range from 14.2% to 16%. Meanwhile, VRBO charges a reservation fee of 3% for handling payments and 5% for commission on the overall rental price. Taxes are not a part of these costs.

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