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