Is Airbnb’s long bet on India finally beginning to pay off?

Bajaj states that the company knew early on that long-term growth in the country depended on domestic tourists, so it spent years building supply. While Airbnb did not disclose the number of registrations, a company executive who did not want to be identified said that the number of registrations has increased from approximately 15,000 before 2017 to around 115,000 currently. In comparison, online travel agency MakeMyTrip (MMT) announced this January that its homestay business has sold more than 27,600 unique properties in more than 1,050 cities.