The collapse of the ruble and double-digit inflation helped Airbnb to conquer Moscow

Moscow. November 3. The fall in real incomes and double-digit inflation has turned Russia into one of the fastest growing markets for service housing Airbnb, BlaBlaCar transport applications and for other companies, helping to reduce costs while traveling, reports Bloomberg.

According to the publication, a record number of Russians rent their apartments and cars to strangers, to replenish their purses, leaky because of the sanctions. “Traditional Russian mentality of “my house – my fortress” is changing, as more people starts looking for additional income to cope with economic shocks”, – said the head of Airbnb in Russia Andrey Verbitsky.

Over the past year, the Russian business Airbnb has grown more than twice, placing Moscow in top 10 cities by number of bookings from travelers who are looking for cheaper alternatives to hotels. Growth also contributes to the fact that Moscow, unlike, say, Barcelona or new York, does not have any plans for regulation of Airbnb and to collect taxes.

If last year the Russians were mostly rented apartments (now the service is registered about 18 thousand such proposals), but now more investors are willing to provide to travelers and a separate bathroom.

Airbnb, valued last year at more than $25 billion, collects a Commission from 6% to 12% depending on the designated price. Most landlords now registered in Paris, new-Izorche, Los Angeles and San Francisco. For these cities followed by Melbourne, Toronto and Singapore.

In addition to Airbnb growth of the Russian market said the French Internet service social transport network BlaBlaCar, which in September, the investors valued at $1.6 billion the Company was amazed by its growth in Russia, informed the Agency of its representatives.
BlaBlaCar, a long-distance ride sharing service, which was valued at $ 1.6 billion in a fundraising round in September, said it was a surprise how quickly he grew up with access to the Russian market in the beginning of last year. “We were set up initially skeptical, but we exceeded 1 million users within 10. No other European country has shown such growth rates after launch”, – said the head of BlaBlaCar in Russia Aleksey Lazorenko.

BlaBlaCar could hardly choose the best time to enter the Russian market since the collapse of the ruble forced the inhabitants of the country to significantly cut costs, Bloomberg said the employee of Goethe-Institute in Moscow Irina Proudnikova.