Airbnb has been running into difficulties recently. Many countries are attempting to keep the service out because of a lack of regulation and an inability to work with the company. However, Airbnb will be immediately working with the government of Malaysia, hoping to quell fears.
“Airbnb has worked with over 275 governments around the world to develop clear and sensible frameworks that support home sharing in their cities while addressing local community needs. We’ve had meaningful and productive conversations with the Malaysian authorities, who are excited by the prospect of home sharing and the benefits the Airbnb platform is already bringing to local tourism. With 1.5 million guest arrivals to Malaysia, Airbnb has generated an incredible RM200.4 million for the Malaysian economy in the last year alone,” said an Airbnb representative.
The origins of these talks come from Kuala Lumpur City Hall, who told potential renters who use Airbnb that they would need to register with the government to do so.
“The registration programme is done so that the Companies Commission of Malaysia can conduct studies on the operators who rent out their properties for short-term stays legally and be placed under the supervision of DBKL," said the City Hall. Those who do not register will be met with fines and other sanctions.
Join us in Bangkok from the 28th of February to the 1st of March for the 22nd Property Portal Watch Conference. The theme for this year is The Future of Online Real Estate Marketing – Getting Closer to the Transaction.