This Airbnb-Friendly Building Benefits Building Owners & Residents
Laura McQuarrie — June 13, 2018 — Art & Design
References: multifamily.withairbnb & prnewswire
Dharma Home Suites is now the first company in the United States to become part of Airbnb's Professional Co-host management program and as such, it is launching its first Airbnb-Friendly Building.
Airbnb outlines that Airbnb-Friendly Buildings help to increase transparency, offer greater home-sharing terms and have the potential to attract residents who see the ability to share their home as an amenity. As a Professional Co-Host, Dharma Home Suites' listings benefit from increased traffic and bookings, with both building owners and residents sharing the earnings from reservations.
The high-end accommodations offered at 1101 Grand in Hoboken, New Jersey specifically appeals to people who want to host their homes as a means of offsetting the cost of rent while they travel.
Airbnb outlines that Airbnb-Friendly Buildings help to increase transparency, offer greater home-sharing terms and have the potential to attract residents who see the ability to share their home as an amenity. As a Professional Co-Host, Dharma Home Suites' listings benefit from increased traffic and bookings, with both building owners and residents sharing the earnings from reservations.
The high-end accommodations offered at 1101 Grand in Hoboken, New Jersey specifically appeals to people who want to host their homes as a means of offsetting the cost of rent while they travel.
Trend Themes
1. Airbnb-friendly Buildings - Creating buildings with home-sharing capabilities as an attractive amenity for residents and building owners.
2. Professional Co-host Management Program - Leveraging Airbnb's program to increase traffic and bookings for listed accommodations while sharing earnings with building owners and residents.
3. Offsetting Rent Costs Through Home-hosting - Appealing to travelers by offering high-end accommodations that allow residents to monetize their homes while they are away.
Industry Implications
1. Real Estate - The trend of Airbnb-Friendly Buildings opens up new opportunities for real estate developers and property management companies to attract residents and increase rental income.
2. Hospitality - The Professional Co-host program presents a disruptive innovation opportunity for hotels and hospitality companies to tap into the home-sharing market and diversify their offerings.
3. Travel - The concept of offsetting rent costs through home-hosting creates a potential disruption in the travel industry by providing unique accommodation options for travelers.
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