New report shows Airbnb contribut over INR 72 billion to the Indian economy in 2022

New research from Oxford Economics found Airbnb is an important pillar of India’s tourism industry, contributing over USD 920 million (INR 72 Billion) to Gross Domestic Product and supporting over 85,000 Indian jobs in 2022 alone. The GDP contribution and jobs supported.Airbnb guest spending has within local communities. In 2022*, Airbnb guests spent a total of USD 815 million (INR 64 billion) 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 Bengaluru, and Delhi, Mumbai and Manali. It details the significant contribution made by Airbnb guests to domestic tourism across the nation. In 2022*, domestic Airbnb guest spending totalled USD$670 million (INR 52.6 billion), and accounted for approximately 82 percent of total Airbnb guest spend in India. “Airbnb has been at the heart of some of the trends reshaping the nation’s travel and tourism industry, including the shift in travel away from cities and towards more rural communities, and the increase in demand for long-stay trips, exemplified by the live and work anywhere phenomenon, Lambert said. “Domestic travellers have been crucial to the tourism sector’s resilience over the past three years as Indian guests saw opportunities in domestic travel as a substitute for international holidays, with self-drive and regional trips increasing in popularity which led to a wider dispersion of tourism spend outside the traditional or ‘popular’ destinations in India. As destinations across India continue to recover, we are committed to partnering with governments and communities to rebuild their tourism economies in a way that is equitable, inclusive, and sustainable.” This report explores the twelve months to March 2023 — representing a year since travel restrictions started to be removed across India. * This report presents results for the twelve month period up to and including March 2023, referred to as 2022*, which represents the first full year after the reopening of international travel. Prevailing exchange rates at the time of study were applied, using proprietary data from Oxford Economics