Fairbnb

Description

Fairbnb is a short-term rentals marketplace platform that aims to provide an alternative to traditional vacation rental platforms like Airbnb. It focuses on promoting sustainable tourism, social impact, and community development. Fairbnb prioritizes properties that are owned by locals rather than investors, and it allocates a portion of its revenue to support local community projects chosen by residents. The platform aims to address concerns related to overtourism, gentrification, and the negative impacts of short-term rentals on local communities by fostering a more responsible and sustainable approach to travel.

• fairbnb’s reinvests 50% of all platform fees back into local social and environmental or community projects or npos
• digital platform enables search, booking, host verification, and liability oversight; hosts social network for community stakeholders and change-makers
• fairbnb offers open data access, working with governments to promote local/regional regulations encouraging sustainable tourism

What Makes it Regenerative?

• fosters community
• facilitates coordination and consensus
• helps localize
• travel data open sourced
• invests/recirculates platform fees into local communities and projects
• cooperative model shares ownership across stakeholders
• localized governance and stewardship

Business Model

Fairbnb generates revenue through commissions on bookings, similar to other vacation rental platforms, but reinvests 50% of platform fees back into communities.

Risks & Limitations

• Digital platform has limited reach in remote communities without internet access
• Open data models carry security and privacy dynamics, which require mitigation
• Limitations of scale while balancing community, competing with more profitable giants