Airbnb and Maharashtra signed first commercial revenue sharing MoU to boost Tourism
 Source : News Bharati English  Date : 14-Jun-2017

Mumbai, June 14: World’s biggest home stay aggregator Airbnb joined hands with Maharashtra Tourism on Tuesday; which will see Maharashtra Tourism Development Corporation MTDC homestays being listed on the platform. The company has also tied up with tourism departments of Andhra Pradesh and Gujarat.

It will not only promote the destinations but will also take bookings at the homestays approved by the tourism departments. "Out of the 3% commission which we will be earning per booking through our platform, 20% will go to MTDC," said Amanpreet Bajaj, Country Manager – India, Airbnb.

In India, Suman Billa, Joint Secretary, Ministry of Tourism was reported as saying that a couple of companies could spoil the market if trust is broken and therefore there is a need to "accredit the aggregators". The government has set up a committee which is mandated with setting guidelines at property owner level and also at aggregator level.

This is a revenue-sharing agreement, which will see Airbnb sharing a portion of its booking revenue in the state with MTDC. As part of this agreement, Airbnb will now have Maharashtra Tourism Development Corporation (MTDC) properties displayed on its platform to increase the number of bookings. Airbnb had signed a MoU with Self-Employed Women’s Association of India (SEWA) to expand its network of homes in rural India, in November last year.