TRANSCRIPT

Peer-to-Peer Renting: Embrace the Adventure

There’s a new shift in today’s rental market. It’s a new culture based on peer-to-peer (P2P) sharing.

A ‘sharing economy’ or ‘collaborative consumption’ is a popular economic model that is transforming the rental market.

  • Renters save money; owners make money; and properties beat standard hotels and rental agency locations.
  • It’s the same economic principle based on Uber.
  • The peer-to-peer rental market is valued at around $26 billion.
 

It all began with Couchsurfing.

  • Couchsurfing: 2004 The first of it’s kind. It allowed travelers to stay with locals & meet other travelers (all for minimal costs). Today it connects 10 million people in 200,000+ cities.
  • HomeAway: 2005
  • Rent Like a Champion: 2006
  • Airbnb: 2008
  • Flipkey: 2008
  • One Fine Stay: 2009
 

Top 5 Peer-to-Peer Travel Marketplaces

  • Airbnb; net worth: $25.5 billion; countries: 190; cities & towns: 34,000+; listings: 2+ million; active users: 60 million
  • Rent Like a Champion: net worth: growing 50% year/year; countries: U.S.; cities & towns: 25; listings: 2,400; active users: 40,000+
  • HomeAway: net worth: $3 billion; countries: 190; cities & towns: not listed; listings: 1+million; active users: 32 million
  • FlipKey: net worth: not listed; countries: 179+; cities &towns: 11,000+; listings: 300,000+; active users: 60 million
  • OneFineStay: net worth: not listed; countries: U.S., France, England, Italy; cities & towns: 5; listings: 2,600; active users: not listed
 

Standard Hotel Rates vs. Airbnb

• Airbnb average cost per night: $80

• Average hotel room cost per night: $137

 

Did you know?

• Airbnb is the world’s 3rd most valuable privately held startup.

• TripAdvisor owns FlipKey.

• Rent Like a Champion is geared towards college football fans, needing a place to rent during game weekends.

 

Homeowners can make great part-time money

  • 54% of HomeAway owners are able to pay off at least ¾ of their mortgage by renting their property.
  • Rent Like a Champion hosts make an average of $1,100 per weekend.
  • Airbnb hosts make an average of $7,350 each year from temporarily renting out their property.
 

It’s all about location. The more popular the city, the more you could make. Top 10 Most Popular U.S. Cities:

  1. New York City, NY
  2. Las Vegas, Nevada
  3. Orlando, FL
  4. Chicago, Il
  5. San Francisco, CA
  6. San Diego, CA
  7. Honolulu, Hawaii
  8. Washington D.C., District of Columbia
  9. Charleston, SC
  10. New Orleans, LA
  11.  

    See where life takes you…without the worry.






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