In just a few years, the term Airbnb has become a household name replacing traditional lodgings, guesthouses, and any form of accommodation outside the classic definition of a hotel.
The concept was put together in 2008 by two individuals who ingeniously came up with a business idea to host a delegates’ overflow at a conference in New York by using inflatable airbags as alternatives to beds and packaged the service offering as air, bed, and breakfast hence the term Airbnb.
