Airbnb in talks with local authorities over rental rules

  • TECH
  • Friday, 26 Jan 2018

The Airbnb Inc. logo and application are displayed on an Apple Inc. iPhone and iPad in this arranged photograph in Washington, D.C., U.S., on Friday, March 21, 2014. Airbnb Inc. is raising money from investors including TPG Capital in a financing round that would value the room-sharing service at more than $10 billion, said people with knowledge of the deal. Photographer: Andrew Harrer/Bloomberg

Short-term home rental platform Airbnb is in talks with Malaysian authorities to possibly devise regulatory framework for its services.

“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," it said, in a statement.

Airbnb said it generated RM200.4mil for the Malaysian economy last year, based on 1.5 million guest arrivals.

The statement was in response to a Kuala Lumpur City Hall (DBKL) order that owners or operators of residential properties that were using platforms like Airbnb would have to register or face penalties.

“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," said the company. 

Last week, DBKL said it was proactively registering and studying the feasibility of short-term leases in the city to ensure that properties owners can rent out their units legally.

It said short-term rentals through websites such as AirBnB, HomeAway, and iBilik may cause disturbance to other units and contribute to safety and cleanliness problems.

The registration programme would place such property owners under DBKL supervision and allow the Companies Commission of Malaysia (SSM) to conduct studies on them.

“Failure to register will be considered as an offence, and action will be taken by DBKL,” it said.

The registration programme would run throughout the year, with registration open to individuals, agents, or companies involved in short-term stays without limitations on citizenship.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Tech News

Emerson Electric profit jumps 47% on strength in automation unit
Chipmaker Micron forecasts negative free cash flow for first quarter
Iran makes first import order using cryptocurrency - report
China’s strict Covid-19 control measures, not video game licensing curbs, are wreaking havoc on esports market, insiders say
Alibaba shopping site Taobao rolls out voice recognition for Chinese dialects for non-Mandarin speakers
‘BMW since birth’: Chinese mother mocks ‘poor’ bike-riding teacher on Weibo for making ‘study look useless’, demands he buy a car
South Korea to probe app store operators over suspected in-app payment violations
Two women lose RM79,498 in new cases of ‘boosting sales’ job scam, as Hong Kong police warn of surge in such crimes
Alibaba reduced workforce by nearly 10,000 in three months
Thai central bank to get more powers in crypto law overhaul

Others Also Read