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How Much Will It Cost To Build a Marketplace App Like OLX or Airbnb?

Be it an apartment, cottage or a villa in the countryside, all you have to do is open a marketplace app like OLX or Airbnb, type in your location of interest, scroll down through the myriad of options and click on your convenient place and book it after choosing a payment mode. It’s that easy. Gone are those days when one would go scanning over the newspaper classifieds or seek references from their kith and kin. These applications come to our rescue and make our lives easy and convenient. Now you know, why these on demand marketplaces are booming and encouraging entrepreneurs around the world to join this arena of business.

If you are an aspiring enterpriser who is dreaming to become the next giant like OLX or Airbnb, then this page is for you. Read till the end to get all the know-hows of creating an application for e-hospitality and rental services.

Stats And Figures Of On-Demand Marketplace App Like Airbnb or OLX

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150 million

Around 150 million people use Airbnb

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2.9 million

There are around 2.9 million hosts and 6 million Airbnb listings

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191 countries

Airbnb is active in around 81000 cities and 191 countries

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31 million

In 2017, Airbnb was valued about 31 billion USD

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94 countries

Around 94 countries use OLX

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54% OLX users

54% of OLX users access it through the mobile app

What Exactly Is An Online Marketplace App Like Airbnb And OLX?

Being the most popular application in the field of e-hospitality and rental services, Airbnb and OLX have triumphed over the industry for a while. This platform has changed the way people sell or buy apartments or any short-term accommodations. Due to its highly advanced, interactive, user-friendly and extremely easy-to-use features, the users can effortlessly resort to their accommodation needs through these applications

These applications let its users reserve apartments, condos, or villas independently without the help of any travel agency. All they have to do is:s

  • Register – Login or Sign up with the required details. Fill in the information required to complete the profile.
  • Search- Type in the required location. The app will provide the users with a list of places for accommodation. User will select the perfect place that is comfortable and convenient for them.
  • Reserve-Using a convenient mode of payment, the user can book the chosen place.
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What are the other popular on-demand marketplace applications and their business model?

By reshaping the face of the travel and tourism industry, these applications have been a head turner in terms popularity and productivity that it has gained. Other prime players in this industry are Flipkey, Homeaway, Roomorama and Housetrip who are also leveraging the on-demand economy to another level. These applications have three associates; Hosts, Guests and Admin

The marketplace applications make revenue mainly through the following ways:

  • Charges 6-12% of Service fee from the travelers or guests
  • Charges a 3% fee from the host after guests checkout
  • advertising on site via ad sense
  • Paid listings
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Do you want to build a marketplace app like Airbnb?

Being a global technology service company, Artoon Solutions Pvt. Ltd. is immensely experienced in the field of mobile app development. With our years of expertise, a marketplace app development would be nothing less than a cakewalk. We can effortlessly build an Airbnb-like application in both iOS and Android platform. As discussed above, these kinds of applications have three major layers:s

  • Customer or guest
  • Service provider or host
  • Admin Panel

Let’s take a look at the basic features that each layer can access

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Standard features and estimated cost of an on-demand marketplace application

Key Features

Add-On Features

Customer App

  • LogIn/SignUp
  • Advanced Accomodation Search
  • Calendar Integration
  • Quick Booking
  • Deals and Offers

Service Provider

  • Login
  • List Accomodation/Service
  • Manage Accommodation/Service
  • Manage Experience
  • Amenities/Skill Management
  • Customer Reviews

Admin

  • Admin Login
  • User Management
  • Service Provider Management
  • Booking Management
  • Payment System Management
  • Tech Support

Want to give your application a cutting edge?

  • Virtual reality incorporation for a 360°view
  • We can let your users have a real feel of the place they are about to book with the 360-degree view using virtual reality technology. One can visualize the whole place by just a few taps on their mobile screens. This technology can make your application more reliable. Customers can gain trust and confidence in your business as well.

  • Voice command integration
  • Rental marketplace application development with this technology can let your users to book their favorite rooms by asking Alexa, Siri, Google assistant or Cortona to do it on their behalf. By integrating voice commands, our Alexa skill developers or Google home developers can give your application a leading-edge.

  • Chatbots incorporation
  • Online marketplace application development with Chatbots can let your users experience a completely new level of customer engagement. The chatbots built by our chatbots developers will make your application more user-friendly and pave way for more sales and revenue.

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Technology Stack We Use To Developt

FCM

FCM

Fabric iOS

Fabric iOS

Android Studio

Android Studio

AWS

AWS

Android

Android

Geo-fence

Geo-fence

Mantis BT

Mantis BT

Mean Stack

Mean Stack

Google API

Google API

Google Webmaster

Google Webmaster

Google Analytics

Google Analytics

Sass

Sass

Zoho

Zoho

Swift iOS

Swift iOS

Xcode

Xcode

Stripe

Stripe

Sketch

Sketch

Sendinblue

Sendinblue

Expert team for your marketplace app development

Finding the perfect squad for your required application development is not easy. Wondering who all should you hire for a mobile application development like Airbnb or OLX? Read on:

  • A Project Manager and a Business Analyst
  • A UI/UX Designers
  • A Native Android Developer
  • A Native iOS Developer
  • A Backend Developers
  • A Quality Assurance Member
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How is Artoon Solutions Pvt. Ltd. different?

Looking for reasons to hire our team? We will give you plenty.

  • Years of extensive hands-on experience in mobile applications development.
  • Immense knowledge in deploying marketplace application in iOS and Android platform
  • Reasonable charges for app cost estimation
  • Successful Testing Strategy
  • Coding according to App Store and Google Play Guidelines
  • Free Deployment
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Stop scouting out for the ideal marketplace app builder anymore. As you have found us. Yay!!

Let’s Team up

FAQs

How do such projects make revenue? arrow

A Marketplace mobile application monetizes through:

  • Membership fees
  • Per transaction share
  • Featured vendor
  • Google Adword registration
  • Affiliate integration
What is the best mode of payment for a marketplace app? arrow

We can integrate payment gateways that are accepted in your region. Like in India, PayTM is the most prominent payment system. Stripe and Paypal are widely accepted for a global marketplace.

Is it really necessary to build a mobile application for my marketplace? arrow

These days almost everyone has a Smartphone. People are using Smartphones for anything and everything in their daily lives. Statistics show that a mobile app can increase the business revenue by 20-60%. So we do recommend you to build an app for your marketplace.

Is it required to build separate apps for the guests and hosts? arrow

This application comprises of two important layers i.e. guest or buyer and host or seller. Downloading separate apps for each user is not advisable. So we can incorporate both the profiles in a single app. User can log in to the buyer app or the seller app from the homepage based on their requirements.

Should I have a refund policy for my marketplace? arrow

Keeping a refund policy for purchases in regards to e-hospitality and rental services is not advisable. Yet again, the decision is all yours.