Fri. Mar 29th, 2024
Airbnb

Airbnb, an online market place and hospitality service company, based out of California, has been looking at the Indian market to bolster its newly launched version Experiences and Adventures as the company diversifies beyond just being an accommodation marketplace.

“India has huge potential to bring on board local travellers to Airbnb’s home-sharing site with its extended offerings like Experiences and Adventures,” a senior executive of Airbnb said.

Jeo Zadeh, vice president of Experiences, Airbnb said that Airbnb Adventures, which is part of its Experiences programme, sees India as a very important market where it will look to aggressively invest to bolster these new initiatives.

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.

Airbnb 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.

“We are trying to provide everything travel-related on one single plate. This is a whole new focus for us globally and in India,” Zadeh added.

Airbnb, which is going in for an initial public offering soon, has been layering its business with additional sources of revenue. Its guided tours, under ‘Experiences’, was launched in 2016 and is now spread across 1,000 cities, Zadeh further added.

Airbnb Adventures, which will be tours conducted by local experts, can be booked through hosts on the platform. As of now, Airbnb offers 250 different Experiences in India.

Airbnb, which was last valued at $31 billion, has been focusing on evolving into an end-t end-to-end travel firm as it looks to go public.

Earlier this year, Airbnb acquired Hotels Tonight for over $400 million to expand its portfolio with traditional and boutique hotel listings. The company also invested $150-200 million in hospitality chain Oyo Hotels & Homes.

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