Airbnb tying up with Indian government organizations for tapping the growing market

Published on : Wednesday, June 14, 2017

AirbnbAirbnb is tying up with government organizations in India to present itself as law-abiding entity in one of the fastest growing tourism markets globally.

 
The company has tied up with tourism departments of Maharashtra, Andhra Pradesh and Gujarat by which it will not only promote the destinations but also take bookings at the homestays approved by the tourism departments.

 
The cash-starved tourism boards are also eager to tie up considering the global visibility the destinations will get from Airbnb.

 
On Tuesday, Airbnb signed a Memorandum of Understanding (MoU) with Maharashtra Tourism Development Corporation (MTDC) to tap homestays approved by the latter.
Amanpreet Bajaj, country manager – India, Airbnb said, “Out of the 3% commission which we will be earning per booking through our platform, 20% will go to MTDC.”

 
Brian Chesky, Airbnb’s co-founder and CEO met PM Narendra Modi in March and briefed him about his plans to create hundreds of thousands of host entrepreneurs, including 50,000 over the next two years.

 
As per the latest report released by WTTC, India’s travel and tourism sector ranks seventh in the world in terms of its total contribution to the country’s GDP. Additionally, the sector created 40.3 million jobs in 2016. The sector accounts for 9.3% of the country’s total jobs.

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