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360info
360info
National
Kala Seetharam Sridhar, Institute for Social and Economic Change

MYSTERIOUS: Airbnb has driven up rents in india | Mind Blowing Facts

Airbnb bookings have taken off in India since the end of the COVID pandemic.

There are at least 70,000 properties listed on the site in India, as per The Economic Times (July 7, 2021). Domestic bookings rose 80 percent in the third quarter of 2022 over pre-pandemic levels, while hosts collectively made over $12 million from bookings with families in 2022.

But there are serious questions about the effect this explosion in short-term rentals might have on housing and rents across the country.

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