Goa's Golden Goose: Airbnb Pumps $920M Into India’s GDP, One Beach House at a Time!

Goa's Golden Goose: Airbnb Pumps $920M Into India’s GDP, One Beach House at a Time!

By Author

Published on October 10, 2023

In 2022, Airbnb not only turned homes into havens for wanderers but also cranked India's economic wheel, injecting a whopping USD 920 million into the nation’s GDP. The intuitive knack of turning cozy corners into hosts for curious travellers has led to the creation of 85,000 jobs, a report by Oxford Economics highlighted. These numbers, as bouncy as a comfy Airbnb bed, have more than doubled since 2019.

Goa, with its scenic views, inviting beaches, and a nightlife as sparkling as its waters, earned the gold star. Airbnb guests in this coastal paradise contributed USD 190 million to its local economy. Cities like Bengaluru, Delhi, Mumbai, and Manali also shared in the Airbnb buzz, but well, Goa is Goa!

In a year, where screen time was almost synonymous with lifetime, domestic travellers found solace in the arms of Airbnb. The live-anywhere, work-from-anywhere trend, though born out of necessity, found its groove. The intimate, personalized and, often, quirky abodes listed on Airbnb offered a change of scene, a breath of fresh air, and oh, how we needed that!

James Lambert of Oxford Economics paints Airbnb as a catalyst in rejuvenating India’s travel and tourism sector. Post-COVID, it wasn't just about opening doors but opening opportunities for local businesses. The coffee shops at the corners, the stores selling trinkets, the eateries serving love on plates, all felt the warm embrace of economic revival.

Now, why is this a big deal? Because as travellers, our wanderlust doesn’t just take us places; it propels economies. Every booking, every exploration feeds into the intricate economic ecosystem of the destination. A fact,  Amanpreet Bajaj, Airbnb’s GM for India and Southeast Asia, agrees.

As travellers cross through cities and rural pockets, powered by Airbnb, every check-in card becomes a ticket to economic revival for the locals. The tourism fabric of India is not just being mended but is weaving in more intricate, colourful, and diverse patterns, thanks to the silent, steady spinning wheel of Airbnb.

And as we pack our bags again, with the world opening up its skies and doors, it’s not just about where we’re headed but also about the economic imprints our footprints are leaving behind. So, next stop - Goa, perhaps?


Over 1 Crore Tourists Visit Jammu and Kashmir Till June 2024

Over 1 Crore Tourists Visit Jammu and Kashmir Till June 2024

By Nithyakala Neelakandan

Published on July 27, 2024

The Centre has announced that over one crore tourists visited Jammu and Kashmir (J&K) from January to June 2024. The region has seen remarkable growth in tourism, particularly following the abrogation of Article 370.

Minister of State for Home Affairs, Nityanand Rai, highlighted the steady rise in tourist numbers over the past few years. In 2020, J&K welcomed 34,70,834 tourists. This number surged to 1,13,14,884 in 2021 and 1,88,64,332 in 2022. Last year, the region saw 2,11,24,874 visitors, and as of June this year, 1,08,41,009 tourists have already explored the Union Territory.

Several strategic measures have been credited for this significant improvement in J&K’s tourism sector. The implementation of the Tourism Policy 2020 and the status of industry granted to the tourism sector under the Jammu and Kashmir Industrial Policy 2021 have played pivotal roles. These policies have provided various incentives, encouraging the growth of the tourism industry.

The improvement in the law and order situation has also contributed to the tourism boom. This resurgence has positively impacted the livelihoods of thousands of people connected to the tourism industry, both directly and indirectly.

To accommodate the increasing influx of tourists, the government introduced homestay guidelines, benefiting both visitors and local residents economically. Additionally, the Jammu and Kashmir Film Policy-2021 and Houseboat Policy-2020 have been significant in promoting the region as a tourist hotspot.

The government has identified 75 off-beat destinations to diversify tourism offerings. Notably, border tourism has gained traction, with previously lesser-known areas like Gurez, Keran, Teetwal, and R.S. Pura opening up to tourists. Adventure and golf tourism are also emerging sectors in J&K.

Jammu and Kashmir is increasingly being recognized as an international tourist destination. The successful hosting of major events, such as the 3rd G-20 Tourism Working Group Meeting, has enhanced the region's global profile.

The development of modern infrastructure, including luxury hotels and resorts, positions J&K as an attractive location for destination weddings and MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism.

The tourism sector's contribution to the Gross State Domestic Product (GSDP) has grown from 7.84% in the financial year 2019-20 to 8.47% in 2022-23. Over the past three years, the sector has recorded an annual average growth rate of 15.13%.


"Unplugged Season 4" Lights Up Pacific Mall NSP Pitampura with Musical Talent

"Unplugged Season 4" Lights Up Pacific Mall NSP Pitampura with Musical Talent

By Nithyakala Neelakandan

Published on July 26, 2024

Pacific Mall NSP Pitampura recently hosted the much-anticipated “Unplugged Season 4,” a musical extravaganza that brought together a wide array of talent across Solo, Duo, and Group categories. Musicians captivated the audience with their performances on various instruments, including guitars and drums. The event featured an eclectic mix of English and Hindi songs, along with original compositions covering genres such as Rock, Jazz, Blues, Fusion/Indie-Fusion, and classical music.

The evening kicked off with electrifying performances from bands like Darjeeling 2 Delhi, Sadgi, Gymick, Young Blood, Spirits of Music, and Flying Soul. Each act brought its unique energy and style to the stage, making it a night to remember. Sadgi emerged as the first prize winner, followed by Darjeeling 2 Delhi in second place, and Young Blood securing third place. The participants showcased a range of musical talents, from soulful classic rock covers to innovative jazz improvisations. The audience was treated to dazzling guitar solos, powerful drum beats, and emotive vocals that filled the mall with an infectious energy.

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Abhishek Bansal, Executive Director of Pacific Group, expressed his delight with the event, stating, “This year's Unplugged Season 4 was a testament to the incredible musical talent present in our community. Each participant brought a unique flavor to the stage, making it a memorable evening for everyone involved. After this year's successful event, we wish to organize more such enriching events in the future.”

The event was a vibrant celebration of music, culture, and community, reinforcing Pacific Mall NSP Pitampura’s commitment to providing a platform for local talent. With plans for future events already in motion, “Unplugged Season 4” has set a high standard and left a lasting impression on all who attended.


Union Budget 2024: Major Push for Spiritual and Tourism Development

Union Budget 2024: Major Push for Spiritual and Tourism Development

By Nishang Narayan

Published on July 24, 2024

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, highlights a strategic plan to establish India as a leading global travel destination. The budget outlines several key initiatives aimed at enhancing tourism across the country.

Key Highlights:

  • Development of Spiritual Sites: The government will focus on major spiritual destinations such as Bodh Gaya, Rajgir, Nalanda, and Vishnupada in Bihar. This includes significant upgrades to enhance their appeal as major pilgrimage and tourist sites.

  • Promotion of Cruise and Beach Tourism: A simpler tax regime for foreign cruise companies will be introduced to encourage domestic cruise operations. Additionally, there will be improvements in beach destinations to attract more visitors.

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  • Special Focus on Bihar and Odisha:

    • Bihar: Extensive development plans include enhancing Bodh Gaya’s pilgrimage significance, upgrading Rajgir’s religious and wellness tourism, and revitalizing Nalanda as a cultural and educational center.

    • Odisha: The state will be promoted for its potential in religious and beach tourism.

  • Infrastructure and Economic Growth: The budget includes robust allocations for capital expenditure, aiming to boost infrastructure and create substantial employment opportunities.

The Union Budget 2024-25 sets a clear vision for advancing India’s tourism sector through targeted investments in spiritual and cultural sites, infrastructure enhancements, and promotion of various tourism segments. These initiatives are expected to significantly boost tourism, create jobs, and stimulate local economies, reinforcing India’s position as a global travel destination.

Image Credits: Livemint, News18 

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