![\"Airbnb](\"https:\/\/www.fatbit.com\/fab\/wp-content\/uploads\/2018\/09\/Airbnb-user-base.png\")
<\/p>\nWhen Airbnb came into being, the idea of renting out private space for tourists was a fairly new concept. It took a long time for people to adjust to the notion of renting out places on the internet for personal use. By 2017, the user base of Airbnb grew to 36.8 million in the United States.<\/p>\n
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User Base of Airbnb in US<\/b><\/p>\n
As Airbnb grows, entrepreneurs try to explore other ways to optimize unused space. With more people becoming accustomed to the culture of non-ownership, starting a space rental website trend is growing, making 2018 the right time to start your own venture based on sharing economy.<\/p>\n
Hosting an event requires a lot of planning. From managing the guest list to interior decoration, the host has to handle all these tasks within a fixed amount of time. The event venue renting website is a solution for hosts as it lessens the burden of planning.<\/p>\n
To start an event venue rental business, an entrepreneur should ask following questions:<\/p>\n
To help you understand the business model and create a conversion-friendly online portal, we have researched information to answer above questions.<\/p>\n
The event space booking solution falls under the hybrid platform. The primary benefits of this business model are low upfront cost, less risk, and scalability.<\/p>\n
When a user books a venue through the website, payment is made to the website owner. The owner of the website deducts his\/her commission from the total payment. The rest of the amount is transferred to the venue owner.<\/span><\/p>\n The website owner can ask for a monthly or yearly subscription fee. The subscription packages can be modified as per the requirements of website owner.<\/span><\/p>\n The owner can sell products on the website which a website visitor, who is trying to book a venue, may require.<\/span><\/p>\n Partner with relevant businesses to display an advertisement on the website. Plan the advertisement space on website in such a way that it shouldn\u2019t hamper lower the conversion rate. Here is a link to an excellent <\/span>guide for conversion rate optimization<\/span>.<\/span><\/p>\n The website can be integrated with Google maps as people prefer to know the exact location of the venue prior to booking it.<\/span><\/p>\n Before visitors start searching for a venue on the website, they want the search results to be filtered according to their preference. Some of the parameters on which they would like to filter the search results are location, pricing, number of people that can be accommodated, etc.<\/span><\/p>\n When a person selects the booking date and clicks on the book button, the system should be fast enough to make the booking and mark the venue unavailable for others on the selected date.<\/span><\/p>\nSubscription<\/b><\/h4>\n
Secondary Revenue Source<\/b><\/h3>\n
Sell Products<\/b><\/h4>\n
Display Advertisements<\/b><\/h4>\n
Leading Venue Rental Market Players<\/b><\/h2>\n
Venuu<\/b><\/h4>\n
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Hirespace<\/b><\/h4>\n
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Eventup<\/b><\/h4>\n
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Venue book<\/b><\/h4>\n
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Peerspace<\/b><\/h4>\n
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Headbox<\/b><\/h4>\n
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Important Event Venue Booking Website Features<\/b><\/h2>\n
Google Map Integration<\/b><\/h3>\n
Search Filters<\/b><\/h3>\n
Real-Time Booking System<\/b><\/h3>\n
Multi-Currency and Multi-Language<\/b><\/h3>\n
![\"Online](\"https:\/\/www.fatbit.com\/fab\/wp-content\/uploads\/2015\/07\/Actionable-insights-for-leading-rental-markets.png\")
<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"