Skip to content

Search

Latest Stories

Report: Airbnb boosts India’s GDP by $1.45B in 2024

North American guests accounted for nearly half of international Airbnb arrivals

Airbnb economic impact report

Airbnb contributed $1.45 billion to India’s GDP in 2024, supported 111,000 jobs and generated $308 million in wages, according to Oxford Economics.

iStock

Summary:

  • Airbnb contributed $1.45 billion to India’s GDP in 2024, according to Oxford Economics.
  • Top international sources were the U.S., UK, Canada and Australia.
  • Non-urban destinations accounted for 16 percent of gross booking value.

AIRBNB CONTRIBUTED $1.45 BILLION to India’s GDP in 2024, supported more than 111,000 jobs and generated $308 million in wages, according to Oxford Economics. North American guests made up nearly half of international Airbnb arrivals and 4 percent of all Airbnb guests in the country.


Oxford Economics’ report, “The Economic Impact of Airbnb in India,” found domestic travelers drove growth, making up 91 percent of Airbnb guests in 2024, up from 79 percent in 2019.

Top international sources were the U.S., UK, Canada and Australia.

Airbnb accounted for 0.5 percent of India’s travel and tourism GDP and 0.2 percent of tourism employment, about one in every 417 jobs, with guest spending of $1.45 billion, the report found. Non-urban destinations made up 16 percent of gross booking value, tripling since 2019, reflecting rising interest in rural and lesser-known locations.

Employment benefits included 38,000 jobs in transport and storage, 19,600 in food and beverage, 16,800 in wholesale and retail and 10,700 in manufacturing, it said.

The Indian Ministry of Tourism recently estimated the U.S. was India’s largest inbound market in 2024, sending 1.8 million visitors.

More for you

Udaipur tourism ministers meet
Photo credit: PIB

Udaipur hosts India’s tourism strategy meeting

Summary:

  • India’s Ministry of Tourism held a two-day Ministers’ Meet in Udaipur on Oct. 14-15.
  • It aims to develop at least one tourist destination per state under Viksit Bharat roadmap.
  • The ministry plans to develop 50 destinations under “One State: One Global Destination.”

INDIA’S TOURISM MINISTRY hosted a two-day State Tourism Ministers’ Meet in Udaipur on Oct. 14-15 to plan the next phase of tourism development. The initiative aims to establish at least one tourist destination in each state and union territory, in line with India’s Viksit Bharat roadmap.

Keep ReadingShow less