Hospitality -based company Airbnb contributed 113 billion rupes to the country's economy last year: Report

New -Delhi, September 9 (IANS). According to the information given in a latest report, Airbnb, a large company in the hospitality area, contributed Rs 113 billion to the country’s economy last year, which led to the revenue of Rs 24 billion and an opportunity for 1,11,000 jobs. According to a new research by Oxford Economics run by Airbnb, the platform played an important role in making an important contribution to the economy of India in 2024. Airbnb-Ported Tourism has helped create opportunities for 38,0000 in wholesale and retail and retail and bakkie in manufacturing. India had 91 percent domestic passengers in the total travelers of Airbnb last year, which is a major growth from about 79 percent of 2019. According to the report, this growth was recorded due to an increase in domestic travel and an increasing demand for young Indian Airbnb guests, which made India one of the fastest growing markets of Airbnb. The largest incoming source among international guests was the United States, the United Kingdom, Canada and Australia. The cost of Airbnb guests in India amounted to approximately $ 112 billion last year, including both housing and non-residence expenses. The report further said that in 2024 Airbnb will contribute 0.5 percent to GDP of India’s journey and tourism. Also, 0.2 percent of the tourism -related employment is promoted, which is equal to one of every 417 posts associated with tourism. In addition to the leading tourist areas, the activities raised by Airbnb contributed significantly to the economy, including Rs 31 billion in transport and storage, Rs 15 billion in agriculture, RS 13 billion in real estate and Rs 12 billion in manufacturing. James Lambert, director of the Economic Consulting Asia for Oxford Economics, said: “The tourism sector of India is moving before the strong demand for domestic travelers. From busy urban cities to quiet towns, Indian travelers enjoy their country’s wealth and diversity.” He said: “At the same time, this strong domestic tourist market indicates the incredible potential of development in the international tourism sector. To utilize this capacity, there is a need for a strategic partnership with international forums to promote tourism in India and make India’s global attraction comprehensive.” Airbnb India and Country Head of Southeast Asia’s Airbnb India and Country Head shows how the domestic journey in India remains the most important engine of tourism, which supports small businesses in emerging and lesser -known destinations with the promotion of micro entrepreneurship and related fields. -Ians skt/