Airbnb's Indian business has grown over 115% in a year

Airbnb, 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 CTO Nathan Blecharczyk was 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.

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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.

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