Rising Airbnb listings are squeezing homeowners’ rental returns
Take the case of Chandigarh-based Harshdeep Kaur, who converted her home into an Airbnb in 2021, to fetch the 25% premium she had then estimated over renting. “There was a lot of growth in the first 1.5 years, but then the response weakened as more people came to know about it,” she said, noting that properties in the Chandigarh Tri-city area have increased from just 300 in 2021 to over 800 now. “To tackle the increasing competition, we had to lower our per night charge to ₹4,000 from ₹5,500- 6,000 when we started,” she added.
