Airbnb banks on India for global growth

Airbnb announced this week that its growth in India tripled over the last 12 months, making the country one of its fastest growing markets in the world. According to Airbnb co-founder, Nathan Blecharczyk: "India has seen tremendous growth in the last one year. About 17,000 properties are now listed in India and we saw 115% growth in listing in 2015 from the previous year. In terms of travellers (bookings), there has been 185% increase in travellers from India and 184% increase in bookings in India (in-bound) from last year." Airbnb is now seriously banking on India to increase its global growth, as the Indian outbound travel market is set to surpass $40bn by 2020.

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Airbnb

Nathan Blecharczyk

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, the world-renowned home-share booking site , is confident that it would see manifold growth in its India’s business in the coming few years, because of a rise in the number of travellers using its platform as well as the number of listed properties."India has seen tremendous growth in the last one year. About 17,000 properties are now listed in India and we saw 115 per cent growth in listing in 2015 from the previous year. In terms of travellers (bookings), there has been 185 per cent increase in travellers from India and 184 per cent increase in bookings in India (in-bound) from last year," Airbnb co-founder and CTOwas quoted saying.Half a million Indians have already started using Airbnb, making India one of its fastest-growing markets. In the Asia-Pacific region, Airbnb has seen an astounding 370% jump in bookings.Also read: Service providers like Airbnb, Foodpanda and Oyo Rooms get tax queries As per industry reports, the Indian travel market is all set to pass the USD 40 billion dollar mark in coming 5 years."This is a new concept and countries all over the world are embracing home-sharing. India will be an important part of the growth story for us," Blecharczyk said.