Building a no-code version of Airbnb using Bubble's visual programming platform allows users to create a short-term rental marketplace without coding skills. The process involves designing main pages, configuring the database, and creating workflows to connect data between pages. Users can start with templates or build from scratch, adding features such as user signup, room creation, booking functionality, and review systems. With Bubble's plugins, users can also integrate payment processing and security measures. By launching their app on a custom domain, users can monetize their platform for just $25 per month. The guide provides a comprehensive overview of building an Airbnb clone using no-code development tools.