Finally, after six months of development, a Japan Association of Vacation Rental will be incorporated by the beginning of 2019. It will compromise nine founding members who wish to boost Japan's tourism through the vacation rental sector, including home-sharing, ryokans using residential facilities, and vacation rentals for specific events.
The group comes together as Japan has been strictly enforcing rules against illegal rentals.
The association includes Agoda International Japan, Airbnb, Booking.com Japan, Ctrip International Travel Japan, HomeAway, Hyakusenrenma, Tujia Japan, Rakuten Lifull Stay and Space Market, the latter a Tokyo-based startup offering on-demand rental of unused or idle venues.
But what makes the Japan association unique is that it manages to get domestic and foreign players to cooperate towards the development of the vacation rental industry in the country.
“The association consists of six international platforms and three domestic platforms [Hyakusenrenma, Rakuten and Space Market]. It is more common for industry associations in Japan to have only domestic companies,” Natsuko Kimura, HomeAway country manager commented.
The nine companies will be on the board of directors. Kimura, along with Hyakusenrenma CEO Yasuhiro Kamiyama, will serve as the association’s first joint representative directors.
Prashant Kirtane, founder of Travelstop and a former HomeAway vice president Asia-Pacific, said forming the association is a great first step for vacation rental companies to work together with government and regulators.
Read more here
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.