Airbnb Claims To Have Direct Impact Of Rs 1,035 Crore On The Indian Economy In 2018

The internet accommodation giant, Airbnb claims that they had a direct impact on the Indian economy of about 150 million dollars (more than Rs 1,035 crore) last year.

In a statement, the company said that Indian hosts on the platform have earned around 28 million dollars in total and hosted about 800,000 guests last year. On average, guests coming to India spent approximately 61 dollars each day. And the total amount of guests' spending in the previous year was 120 million dollars.

On a worldwide scale, guest and host community of Airbnb generated more than 100 billion dollars in the estimated direct impact across the economies of 30 countries back in 2018.

The country manager of Airbnb India Amanpreet Bajaj said that they are a people-powered community which develops based on mutual success.

Amanpreet Bajaj also said that Airbnb India was always looking forward to giving travelers a tailored, unique travel experience. To accomplish that, the company encourages people to transform their passions and homes to become real hospitality entrepreneurs, in India and across the globe.

An internal survey of Airbnb of about 228,000 participants of its community including hosts and guests (2,224 were from India) suggests that 51% of hosts answer that hosting helps them earn enough money to buy houses. Moreover, 50% of the guests respond that they lowered their travel cost by choosing to stay on Airbnb in the neighborhoods and cities that they visited. 86% of the guests say that the location is what makes they prefer Airbnb over traditional hotels.

Started back in 2008, the accommodation marketplace of Airbnb now provides access to more than six million accommodations in around 100,000 cities across 191 countries. The platform also offers various local interests and communities with over 30,000 activities provided by the hosts in 1,000 markets all over the world.