Tripping.com is an online marketplace for vacation rentals. Travelers use these sites to find suitable accommodations. Natives of those cities publish their property on these sites to attract people and generate income by the rent they pay. It has over 10 million accommodation listings in over 150,000 cities. It offers travelers a wide variety of accommodation options, specializing in long-term ones. It is not only limited to service provision in developed countries but also provides accommodation in cabins, beach apartments, or properties with sunset views. Businesses like these have a large number of competitors. The most basic and strong ones are Airbnb and HomeAway and if you want to know about them check out the What Competitors website.
Airbnb
Airbnb was established in 2008 with its aim to provide people the option of renting apartments or houses to stay and creating a platform for those who are willing to showcase their properties on websites so that people can rent them and improve their living experience by staying there.
Airbnb is recorded to have about 2.3 million listings in around 191 countries where more than 600,000 people offer accommodation. Another feature that Airbnb offers is that some hosts at Airbnb provide tours and experiences to travelers who will enhance the pleasure they get on the trip. These tours can be either booked separately or in conjunction with the housing facilities. Recent research has shown that Airbnb is the option that has been chosen widely by young travelers.
HomeAway
HomeAway is older than Airbnb as it was established in 2006. Unlike Airbnb, they usually offer rental facilities of entire properties. HomeAway has an advantage over Airbnb as it covers a number of other companies under its umbrella as they provide a strong framework that addresses all different aspects of vocational necessities.
HomeAway has more than 1 million listings in around 190 countries. The basic difference between HomeAway and Airbnb is that HomeAway deals with more resort-like properties or lavish, extravagant homes. While Airbnb attracts young people, HomeAway attracts more families.
Like other companies, Airbnb also charges for tax or VAT on bookings at a rate of 6-12%. The excellent point behind this is that it does not apply any extra charges on credit card payments. HomeAway, on the other hand, has a lesser tax rate than Airbnb off 7.16%, but this gets balanced as unlike Airbnb, HomeAway applies a tax percentage of 2.9% on credit card payments.
Airbnb allows customers to post their reviews online. This helps other customers to decide and select which services to avail. HomeAway also enables these features with minimal differences.
Conclusion
Tripping.com has significantly been used to book apartments, houses, etc. for vacations. But in businesses like these, it gets challenging to chase with competitors. These competitors have a strong customer base and keep on developing features that attract more customers. Tripping.com can also compete with these other sites by attracting hosts who publish more attractive and appealing accommodations at lower rates. This would appeal to customers, and they will be more inclined towards using tripping.com to avail services, rather than preferring other marketplaces.