Airbnb business in India
Began in the year 2008, Airbnb has turned out to be the world’s largest platform for hospitality and accommodation services. Airbnb in India have successfully achieved the massive growth in India since its launch. Notably, it has reached more than one million Indians to travel globally.
Highlights of Airbnb Growth in India
- According to the reports, Airbnb has over 30,000 listing
- To reach to local areas, Aribnb has recently parnethed with State-run tourism agencies.
- India ranks among the largest growing economies in the world wherein, 7% with a growin middle class love to travel.
- Airbnb aims to hit billion people by 2028.
- Airbnb sees India as the top among top 3 strategic market.
- Airbnb listing in India have increased over 35,000, reportedly 115% every year.
- A new product called “Airbnb Plus” will soon be launched by Airbnb. The product aims to expand in more cities beyond Goa and Delhi.
- Records found that Indian guests through Airbnb have travelled to almost 160 countries namely, UK, Italy, France and the US.
- Besides, it shows 2.1x growth in domestic travel, within India.
- Goa has 4000 Airbnb listing and it counts out the biggest market in India.
Beyond logistics, travelers found interested in locals. Notably, Airbnb customers in India counts across 230 million urban millennial population.
Airbnb is a brain child of schoolmates Brian Chesky and Joe Gebbia. It emerged when they cannot afford the rent for their apartment. The idea first initiated with the name “airbedandbreakfast.com which went live on August 1, 2008. Later in the year 2009, it was renamed to airbnb which was expanded beyond beds and breakfast. Airbnb then grown with the idea of private rooms, homes, apartment, boats, castles, tree houses, manors, igloos, private islands and other properties.
As initiation, Airbnb began in Gurgaon in the year 2012, offering basic amenities within the country including bed and breakfast. Airbnb by launching in India has brought the economic benefits to untapped destinations. Initially, Airbnb try to gather government support to help boost local tourism.