HeyBnb enters India across 17 cities

HeyBnb (HeyBednBreakfast), a global company in the short stay accommodation space, has announced its entry into India with presence in cities like New Delhi, Bengaluru, Goa and Cochin. Headquartered in Singapore, the company works on the concept of shared economy of home sharing concept. It provides an online marketplace connecting hosts who want to make their extra rooms available and travelers who are looking for comfortable yet affordable short-term accommodations. Commenting on this, Kenny Blatt, Co-Founder, Head strategy, HeyBnb said, “We at HeyBnb are bullish about our expansion plans and we want to rope in as many guests & hosts as possible. We are focusing largely on key cities across Asia, Europe, US and Australia. In India alone, we started our operations this year with 17 cities and expect to increase our room count to 60,000 by end-October. The global size of the vacation stay market is expected to reach $170 billion by 2019, out of which five players own less than 10 per cent share, namely Home Away, Airbnb, VRBO, One Fine Stay and Tujian.”