Have a Better Travel Experience with Peer-to-Peer Renting

Over the years, how many hotels have you stayed at? It’s likely to be a handful, or several dozen. And chances are if you’ve seen at one, you’ve seen them all. For travellers looking for new adventures, hotels and locations through travel agencies don’t really cut it. There’s just not enough personalization and the accommodations are too typical, predictable and downright expensive. Peer-to-peer (P2P) renting is the solution to a better vacation and travel experience.

Peer-to-peer travel marketplaces (like Airbnb, FlipKey, HomeAway, OneFineStay, Rent Like a Champion and similar others) are revolutionizing how people rent and travel. They center on a sharing economy (based on collaborative consumption), like that used in Uber, homeowners make money by temporarily renting out their homes. Travelers benefit by staying in better, cheaper accommodations. All in all, the peer-to-peer rental market is valued at around $26 billion. It’s definitely working!

So just how great is peer-to-peer renting? A person can save an average of $57 per night by using Airbnb rather than staying at a standard hotel. The average hotel room goes for $137 per night; whereas the average cost of an Airbnb room or house is $80 per night. Peer-to-peer rental locations tend to be more spacious and more attractive than a hotel stay…and undoubtedly more affordable than something via a rental agency.

For homeowners doing peer-to-peer renting, the benefits are just as great. Airbnb hosts can make an annual average of $7,350 from temporarily renting their homes or additional properties. And 50 percent of owners, who use HomeAway, are able to pay off around ¾ of their mortgages. Rent Like a Champion hosts make an average of $1,100 per weekend (if they live in proximity of a heated college sports game).

Whether you are looking to rent out your home or need a place to stay on an upcoming trip, you can travel at ease with remote home monitoring. See the world on your terms, while knowing what’s happening back at home.