Bajaj points out that the company knew early on that long-term growth in the country lay in domestic tourists and so had spent years building supply. While Airbnb does not disclose the number of listings, a company executive, who did not want to be identified, says the number of listings have grown from about 15,000 pre-2017 to around 115,000 currently. In comparison, online travel agency MakeMyTrip (MMT) disclosed this January that its homestay business sold over 27,600 unique properties across more than 1,050 cities.
Is Airbnb’s long bet on India finally beginning to pay off?
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