Airbnb Crosses 1 Million Listings in Asia-Pacific Despite Hurdles
Airbnb intends to grow further in Asia-Pacific by providing what it calls the most “magical” experience. The challenge, of course, will be staying true to its core values as competition intensifies.
Airbnb has crossed one million listings across Asia-Pacific, and more than 100 million guests have checked into an Airbnb in the region, providing hosts with earnings of around $10 billion. Yet it is "still early days" of growth, said Siew Kum Hong, regional director of Airbnb Asia-Pacific, in a session at Skift Forum Asia on Monday in Singapore.
Five years ago, Asia-Pacific accounted for just a fraction of the homesharing platform's global business, with only 100,000 listings. Despite setbacks such as strict regulations in countries such as Singapore and Japan, "look how far we've come," Siew said.
Asia-Pacific will continue to be the key engine of growth for Airbnb, he added, pointing to markets such as India, China, Indonesia and Vietnam which have huge concentrations of millennials.
