Airbnb estimates economic impact of around $150 million in India in 2018: Survey

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Airbnb had an estimated direct economic impact of around $150 million (over ₹1,035 crore) in India in 2018 as per its survey, the online accommodation platform major said Monday.

Airbnb hosts collectively earned almost $28 million (over ₹190 crore) and welcomed approximately 800,000 guests in 2018, the company said in a statement.

“Our people-powered community thrives on the success of both stakeholders,” Amanpreet Bajaj, country manager, Airnbn India, said.

“While we strive to give travellers truly unique, tailored travel experiences, Airbnb is also empowering people to monetise their homes and passions to become hospitality entrepreneurs, across the country and around the world,” he added.

A‌i‌r‌b‌n‌b‌ is an American online marketplace and hospitality service brokerage company, based out of California. It was founded by Brian Chesky, Joe Gebbia and Nathan Blecharczyk in 2008. It is an online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in that locale. It currently covers more than 81,000 cities and 191 countries worldwide.

Guests in India, on an average spent $61 on a daily basis with total estimated guest spends for the year at around 120 million, it added.

At a global level, Airbnb’s host and guest community generated over $100 billion in estimated direct economic impact across 30 countries in 2018, Airbnb said.

It also offers access to local communities and interests through more than 30,000 activities run by hosts across over 1,000 markets around the world.

Whereas, other companies that fall under the similar category includes HomeToGo, FlipKey, HomeAway, VRBO, HouseTrip, VayStays, VacayHero, etc.

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