Airbnb's package for India's economy has Rs 7,200 cr, 85,000 jobs
Indian economy a boost, hospitality giant Airbnb contributed over Rs 7,200 crore to Gross Domestic Product (GDP) and supported nearly 85,000 jobs in 2022, a report by Oxford Economics said on Tuesday.
According to the report, the American company has played a significant role in bolstering India’s tourism industry. The GDP contribution and jobs supported in India has more than doubled since 2019 despite the Covid-19 outbreak and international border restrictions.
The report also highlighted the powerful multiplier effect Airbnb guest spending has within local communities.
In 2022, Airbnb guests spent a total of Rs 6,400 crore in India in areas like purchases on transportation, restaurants, retail stores, and retail stores. The guests spent in 2022 more than doubled the 2019 levels.
In India, Airbnb’s presence was the highest in Goa, where Airbnb guests spending amounted to almost USD$190 million ( INR 14.8 billion), this was followed by Bangalore and Delhi, Mumbai and Manali.
It details the significant contribution made by Airbnb guests to domestic tourism across the nation.
