Which local, state and international regulations does the company have to comply with? Airbnb needs to design a business philosophy that meets local, state and international regulations and encourages customers to take part in the lodgings market model. Airbnb places a high value on a commercial model. However, it often looks at a peer to peer economy as an option for economic development that is in compliance with trade regulatory standards. (Jansson.2020). Airbnb assists travelers in finding affordable accommodation through hosts who rent their rooms. The integration of technology in its business operations is a key part of Airbnb’s strategy. This is the core of Airbnb’s business strategy. It focuses on using modern technologies to empower millions and make a difference economically (Bayo et. al. 2020). To become the most successful industrialists in hospitality, it is essential to reveal and monetize space, needs, and skills. Airbnb’s future growth and development is dependent upon both international and local factors.
Airbnb can guarantee its customers are treated ethically.
Airbnb can encourage customers to be ethical by working closely with the authorities and following their rules. A communication platform that allows clients to chat with and receive phone support 24 hours per day. This will allow them to register complaints, provide feedback, and even offer suggestions on various topics. As a result, customer satisfaction will rise due to stricter monitoring of properties with poor reviews from guests and the strict adherence of Airbnb’s guidelines. A disciplinary committee can ban operators from using the platform for any reason if they don’t adhere to certain criteria.
What is the best way for a business to encourage property owners and tenants to become members of its company?
Airbnb needs to be a community-oriented company that values trust, and builds relationships with its customers. It is important to build trust and maintain shareholder confidence. Property owners are more likely to be involved in the efforts of the company if there’s a lot of trust. Airbnb might have a team whose main responsibility is to ensure compliance with local and international laws. Airbnb must investigate the external and internal environments of its stakeholders. It will create a sense of belonging by establishing communication with stakeholders. Airbnb must prepare for stakeholders’ participation in organization operations and conduct a detailed analysis of their needs before speaking to them. These efforts will inspire stakeholders to take part in any company ventures.
Do they need to have a strategy for the foreign part of their business model?
It is important to have a separate strategy for foreign business models. International commercial transactions require a unique approach (Anand and colleagues,2021). Airbnb needs to be able to understand how their foreign clients might benefit from its services. When choosing a company, the first goal should be to explore business opportunities on both the international and national levels. Respecting business development targets will help the company expand its global operations, and bring the expected returns to shareholders.
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