88564
Airbnb Exodus Spawns Business Boom in Japan
Airbnb Exodus Spawns Business Boom in Japan

Airbnb Exodus Spawns Business Boom in Japan

Airbnb Exodus Spawns Business Boom in Japan

As Airbnb home-sharers in Japan quit the market in droves, following a new law that considerably increases red tape, their search for a smooth exit has brought a surge in new businesses.
One common option is to convert now-vacant properties into meeting rooms. Tokyo-based Spacee, which runs a booking site for conference rooms, has around 4,700 listings at present. The count has grown by roughly 10% month-over-month this year as the new regulations approached, Nikkei reported.
“More and more people at our informational sessions are interested in making old home-shares into meeting rooms,” said a Spacee representative.
Other home-sharers are opting to turn their rooms into monthly rental apartments. Real estate company Residence Tokyo launched a service in May that borrows rooms from former home-sharers, for around $800 to $900 a month, and then rents them out to tenants for about $45 per day. Rooms are mostly one-bedroom types. Inquiries regarding their business, focused on the greater Tokyo area, have risen by 50% in the past week.
Operating as a home-sharer often requires additional investment, such as installing sprinklers and fire alarms. “Accounting for equipment investment and other costs, the hurdles to home-sharing have grown higher on the profit front,” said a representative at Residence Tokyo.
Websites for selling off secondhand goods are also seeing more business. Jimoty, a Tokyo company that runs a used-goods marketplace site, is currently having a “home-sharing exit sale,” listing 300 items in furniture and other household goods. The listing has ballooned since April.
“Many items are offered for a low price, looking for a quick turnaround,” said a Jimoty executive. Items including refrigerators and beds often come in batches, with some selling for as little as 10,000 yen ($91). Many postings ask that buyers pick up the goods within a few days.
Companies that remove furniture are likewise enjoying more business. Tokyo’s Swwitch Entertainment launched services in the capital area last year, offering to help owners get out of home-sharing, and it is in the process of expanding elsewhere, to Fukuoka as well as the Kansai region, which includes Osaka and Kyoto.

Short URL : https://goo.gl/GKooWg
  1. https://goo.gl/B2UuJp
  • https://goo.gl/bprhN6
  • https://goo.gl/KtYt9s
  • https://goo.gl/xqjiPK
  • https://goo.gl/47w6ej

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus