It has been two decades into the 21st century and like everything else, the hotel industry is also constantly evolving. Airbnb is a groundbreaking online platform with an innovative business model that allows sellers to rent out their accommodation and buyers to book the accommodation directly via Airbnb. The entry of Airbnb into the industry in 2008 and in India in 2016 has led to the rapid disruption of the hotel industry. Requirements of the modern travelers are now altering rapidly, they seek low-cost accommodation to gain value for their expenditure and simultaneously long for relatively more direct interactions with local communities. Airbnb has expanded its business to global markets, penetrated into more than 191 countries and 65,000 cities, and connected over 60 million people to unique travel experiences. The development of information technology has enabled this incredibly fast pace of Airbnb’s growth as an online marketplace.

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