Why more homeowners are opting for an Airbnb listing over renting
Globetrotters are always on the search for good, cheap accommodation. And that is good news for people offering homestays via platforms like Airbnb. The Airbnb story, though, is not new in India.
For the last several years, many homeowners in the country have been subletting a part of their home, mostly to tenants initially and then to travellers via online portals. But, the concept has now evolved into a full-fledged BnB (bed and breakfast) business opportunity. In Goa, Bhavya G (see grfx), had her first brush with Airbnb nine months ago when she listed her leased apartment on the platform.
Bhavya, along with her husband, had leased the apartment when they moved to Goa from Mumbai in 2020. The couple shifted to a Portuguese villa soon but Bhavya decided to keep the apartment to try her luck with Airbnb. “Everyone in Goa was doing it, so I decided to try it for myself," said Bhavya, who is a designer and also runs a kids online clothing brand.
She now lists her villa also on Airbnb whenever the couple is out travelling. And barely eight months into the business, Bhavya‘s entrepreneurship skills have come to the fore. “I’m in the process of leasing two more apartments in Goa and one villa in Bali in partnership with two others," she said.
In distant Delhi, 29-year-old Sahil Arora (see grfx) will soon be hosting six flats on Airbnb. Arora started with just one listing seven months back, while the rest were rented out to regular tenants. “My first experience was great.
The earnings from this was higher than the rental yield. I also had more control over my property and it saved me the hassle of dealing with tenants. Now, I’m gradually turning all my six properties into Airbnb listings," said the 29-year-old.
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