The survey found that the trend is led by millennials, who have shown higher propensity towards booking an alternative accommodation in India and overseas basis their varied travel interests. The survey also showed that over 48% of the respondents are most likely to book an alternative accommodation for their next trip. The growing popularity of homestays, which is estimated to be a $15 billion market globally has thrown open significant opportunities in India. For Airbnb, the dominant player in the homestay space, India is one of the top three emerging markets in the world. Launched in 2016 in India, Airbnb has around 54,000 listings across 110 cities.

Source: Mint November 17, 2019 08:48 UTC