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Airbnb CEO remains optimistic about India expansion

The company sees India as an important market for investments

Airbnb sees India as the hotbed for new developments as its CEO Brian Chesky has spoken positive about the country’s travel and hospitality sector despite of the Covid-19 pandemic, media reports said.

Mr Brian Chesky, told the media, “I’m extremely bullish on India. To invest in the Indian market is to be making a long-term investment. I think this is the early part of the very first chapter of the India community on Airbnb and I’m really excited to help the platform enable tens of thousands and, one day, millions of people become entrepreneurs as hosts on Airbnb in India and allow people in India to not only experience India but experience nearly every country in the world.”

He also added that India is very crucial for the company in terms of investments. Mr Brian Chesky added that the global tourism and hospitality sector has been walloped by the pandemic. The pandemic has changed the face of the travel and tourism industry.

The company has made complex decisions and is reforming its operations and everything else because of the current situation. However, the company has faith in the Indian market. It is reported that the company’s IPO will make its debut when the market is ready for Airbnb. The company has filed a registration statement with the US Securities and Exchange Commission (SEC).

India is a business hub for many economies because of the demand and cheap labour.

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