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The Traveller World Guide | Best Travel Tips and Vacation.

The Smarter Way to Travel

Travel Blog - Ross French - July 16, 2016

Whatever your summer travel plans are—whether it’s going to the beach, mountains, going to another state or even another country… chances are that you’ve considered staying at a hotel or rental agency location for your stay. But to get the most of your trip, peer-to-peer travel marketplaces may be the way to go. It’s actually revolutionizing how people travel.

Peer-to-peer marketplaces allow homeowners to temporarily rent out their houses, apartment and townhouses. While the concept has been around for a while (Couchsurfing began in 2004), the industry is quickly expanding. Today, it’s a $24 billion dollar industry.

Why is it so popular? Peer-to-peer travel marketplace rentals run cheaper than standard hotel rooms and rental agency locations. For instance, Airbnb, the largest of the peer-to-peer travel marketplaces (and the world’s third most valuable privately held startup) runs for an average of $80 per night; whereas a hotel room costs an average of $137 per night. That’s a considerable difference! And when you go somewhere for a few nights, a week or even longer, those costs quickly add up.

For homeowners who need some supplementary income, renting their properties is a practical option. Approximately 54 percent of homeowners who use HomeAway can pay off three-fourths of their mortgage by temporarily renting out their properties. And Airbnb hosts can make an average of $7,350 per year.

Want to explore the best peer-to-peer marketplaces? Airbnb, OneFineStay, FlipKey, HomeAway and Rent Like a Champion are the most popular websites.final-3

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Ross French grew up outside Toronto, blah blah… he went to the University of Western Ontario for fine arts and like any degree, has since done nothing in that field. More seriously, Ross French is a travel junkie & a tech nerd with a slightly concerning love for beer & wine. he a has a great awareness of life outside the 9-5 and hopes to aspire to be a hammock bum one day.

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