Home FEATURED NEWS Airbnb Added $920 Million to Indian Economy, Claims Report

Airbnb Added $920 Million to Indian Economy, Claims Report

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Skift Take

The Oxford Economics findings underscore the resilience of India’s tourism sector, largely buoyed by the keenness of home vacationers. Indian vacationers have tailored ingeniously to post-pandemic shifts, resulting in a extra widespread distribution of tourism expenditure past the normal hotspots.

— Peden Doma Bhutia

Airbnb contributed over $920 million (INR 72 billion) to India’s gross home product (GDP) and supported over 85,000 jobs within the nation between April 2022-March 2023, in response to analysis by Oxford Economics.

The GDP contribution and jobs supported in India has greater than doubled since 2019, famous Oxford Economics.

Multiplier Effect: According to the report, Airbnb visitors additionally reportedly spent a complete of $815 million (INR 64 billion) in India on transportation, eating places and retail shops, greater than double of the fiscal 12 months 2020 ranges.

Domestic Angle: Domestic Airbnb visitor spending totalled $670 million (INR 52.6 billion), and accounted for about 82% of whole Airbnb visitor spend in India, round a three-fold enhance from 2019, the report famous.

Highest Spend by Airbnb Guests:

  • Goa
  • Bengaluru
  • Delhi
  • Mumbai
  • Manali.

The report additionally touches upon the pandemic-driven shifts in journey patterns — the motion of tourism away from cities, and enhance in demand for prolonged stays as staff can dwell and work anyplace.

This had additionally been highlighted by Amanpreet Bajaj, Airbnb’s nation supervisor for India, Southeast Asia, Hong Kong and Taiwan, when he spoke about tourism spreading past the hotspots the place just a few cities or neighborhoods would profit from the tourism {dollars}.  

Domestic travellers have been essential to Indian tourism sector’s resilience over the previous three years, mentioned James Lambert, director for financial consulting in Asia for Oxford Economics.

“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 popular destinations in India,” mentioned Lambert.

Booking.com Launches Cricket World Cup Campaign

Booking.com has launched an built-in marketing campaign, ‘Howzat for your perfect stay,’ on the sidelines of ICC Men’s Cricket World Cup going down in India from Thursday.

Booking.com can also be the official lodging companion of the occasion.

Campaign Stars: The marketing campaign options Indian cricket crew captain Rohit Sharma together with worldwide cricketers Jos Buttler, captain of the England crew and Australia’s Glenn Maxwell.

Indians and Sports: According to the most-recent Booking.com APAC Travel Confidence Index, 56% of Indians mentioned they’re wanting ahead to attending a dwell or main occasion, together with sports activities tournaments, this 12 months.

Inbound Boost: Search knowledge from Booking.com additionally reveals a surge in inbound journey with followers throughout the globe heading to India for the match between October 5 to November 19, 2023 with travellers from the UK, U.S., UAE, Germany and Australia topping the chart for inbound searches.

Travel Boom: Booking.com famous that outstanding matches throughout India are fueling journey searches and triggering a journey increase. Beyond the occasion itself, vacationers want to discover what the town has to supply, doubtlessly resulting in prolonged stays and repeat visits.

Top Searched Destinations in India are Cities Hosting Matches:

  • Delhi
  • Mumbai
  • Bengaluru
  • Chennai
  • Kolkata
  • Hyderabad
  • Ahmedabad.

On particular match days such because the India vs. Pakistan match on October 14, Ahmedabad is the second highest searched vacation spot, adopted by Delhi.

Nearly 34% of Booking.com’s international whole room nights got here from the choice lodging section through the April-June quarter, Santosh Kumar, Booking.com’s nation head India, Sri Lanka, Maldives and Indonesia, had said on the Skift India Travel Podcast.   

United Delays Mumbai-Newark and Delhi-San Francisco Connections

United Airlines will now be delaying the resumption of its flights from Newark to Mumbai and San Francisco to Delhi, in response to a report by aviation analytics agency Cirium.

When? The airline plans to renew these operations by March 28, 2024.

Earlier Operations: United operated flights from Newark to Mumbai by way of March 2020 earlier than being lower for 4 months throughout Covid and resuming in August. The flights ceased operations in March 2022 following the warfare in Ukraine.

The San Francisco-Delhi route was resumed in July 2020 after the Covid disruption and continued by way of March 2022.

In February this 12 months, United suspended its Delhi-Chicago connection leaving Delhi-Newark as the one flight being operated by the service from India.

Service Amped: From October 29, the airline plans to extend the frequency of its Delhi-Newark flight companies to twice day by day.

Other U.S. Airlines to India: American Airlines additionally flies a day by day between Delhi and JFK, whereas Delta is but to renew operations to India put up March 2020.

Uttarakhand to Tap Into EaseMyTrip’s Reach

Online journey firm EaseMyTrip has teamed up with the state of Uttarakhand in a major partnership valued at over $31 million (INR 2500 million).

Announced by way of a Memorandum of Understanding (MoU) signed through the Global Investors Summit in London, the partnership goals to raise Uttarakhand’s international tourism enchantment.

Joint Campaigns: Leveraging EaseMyTrip’s intensive international attain, the partnership encompasses the launch of a collection of joint advertising and marketing campaigns focusing on varied markets such because the UK, Europe, Middle East, Asia, U.S. and Canada.

The campaigns are poised to boost consciousness and entice vacationers and occasions to Uttarakhand.

Homestay Program: A vital facet of this collaboration is the event of a state-endorsed on-line homestay program, to assist enhance Uttarakhand’s rising tourism sector. This program goals to welcome vacationers whereas concurrently creating alternatives for native residents to actively take part in and profit from the tourism trade.

Uganda Airlines Launches Direct Mumbai-Entebbe Service

Uganda Airlines, the nation’s nationwide service, has introduced graduation of its India operations from October 7 with the introduction of a direct service, connecting Mumbai with Entebbe.

Historic: This would be the first continuous flight service connecting India and Uganda in over 50 years.

Duration and Seat Configuration: The thrice weekly flight will probably be operated by an Airbus A330-800 neo plane. The airline mentioned it might supply 20 seats in enterprise class, 28 in premium economic system and 210 in economic system.

Fare and Flight Time: The return airfare in economic system class for the inaugural flight is $600 (INR 49,000) from Mumbai and the flight time is claimed to be roughly 5.5 hours.

The airline can also be in dialogue to start out a direct service connecting Delhi and Chennai to Uganda within the subsequent three months, Lenny Malasi the airline’s nation supervisor informed Moneycontrol.

With a fleet of six plane, Uganda Airlines at present operates flights to Dubai, Johannesburg, Bujumbura, Nairobi, Mombasa, Zanzibar, Dar es Salaam, Kilimanjaro, Juba, Kinshasa and Mogadishu. Flights to Lagos in Nigeria are scheduled to start out shortly.

Air India Launches Kolkata-Bangkok Direct

Air India has introduced the introduction of a continuous service between Kolkata and Bangkok from October 23.

Frequency: Operating six days per week from Monday to Saturday, the service will probably be flying a narrowbody Airbus household plane on the route providing Economy and Business Class.

Current companies: Air India at present operates a complete of 14 flights to Bangkok per week with day by day continuous flights from Delhi and Mumbai connecting the vacation spot.

India Market for Thailand: India is among the largest tourism supply markets for Thailand and newly-elected Thai Prime Minister Srettha Thavisin had talked about the truth that there aren’t sufficient flights between the 2 nations.

Thailand revised its goal for Indian arrivals for 2023 from 1.4 million to 2 million.

Evoke Experiences Looks to Expand Portfolio

Event infrastructure and tourism tasks firm Evoke Experiences plans to include eight new tasks into its portfolio by the top of this 12 months.

Along with its flagship undertaking, the Rann Utsav, Evoke Experiences’ undertaking portfolio contains Niraan, a tent metropolis in Varanasi, Statue of Unity Tent City, Evoke Dholavira and Gandhisagar Floating Festival

Acquisitions: The firm lately acquired two properties in Gujarat’s Sasan and ShivrajPur.

The firm seems to be to discover untapped locations within the nation in collaboration with the tourism boards of state governments. The firm has additionally partnered with Gujarat Tourism to supply distinctive, immersive experiences to vacationers.

Further Expansion: Over the subsequent 5 years, the corporate mentioned it might deal with increasing its attain to a wider viewers, with a selected emphasis on metropolitan cities, by way of occasions and roadshows.

Photo Credit: Spending by Airbnb visitors in Goa amounted to just about $190 million.

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