Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
India's short-term rental market set to grow 2X to $3 bn by 2033
short by Abhishek | GrowthX / on Monday, 21 October, 2024
Despite ~7% of Indians opting for vacation rentals, the short-term rental market is set to grow significantly. This growth is attributed to the low supply of hotels, spilling demand toward homestays. The ADR for alternative stays grew at 2x of hotels. For every group booking, there were 3 bookings for villas and 14 for guest houses, showcasing personalized preferences.
read more at Growthx