:
Countries issue UK travel warnings as unrest increases
Reading Time: 3 minutesUK: Seven countries have issued warnings over travel to the UK in the wake of ongoing violent anti-immigration protests and riots.
OYO in talks with Malaysian wealth fund for $400m raise
Reading Time: 2 minutesIndia: Indian hospitality chain OYO is reportedly in discussions with Malaysian sovereign wealth fund Khazanah Nasional Berhad ahead of a potential pre-IPO $400 million funding round, according to people familiar with the matter.
Penang announces rental crackdown with immediate effect
Reading Time: 2 minutesMalaysia: The Penang State Government has announced that it is cracking down on short-term rentals on the island with immediate effect, three months after introducing a partial ban on rental operations.
Malaysia consults on potential nationwide regulations
Reading Time: 2 minutesMalaysia: Malaysia could become the first country in Southeast Asia to implement nationwide restrictions on Airbnb and other short-term rental platforms.
Hmlet Listed launches rental platform in three Asian markets
Reading Time: < 1 minuteAPAC: Hmlet Listed, developed by lifestyle accommodation operator Hmlet, launched its platform for landlords, agents and tenants last month across Singapore, Thailand and Malaysia. Hmlet Listed already represents more than 5,000 property owners who are leasing condos, apartments and coliving properties. Rentals range from one to 12 months, and all contracts are handled online including […]
Airbnb seeking agreement with Malaysia over rental cap
Reading Time: 2 minutesMalaysia: Airbnb is seeking an agreement with Malaysia Productivity Corp (MPC) and the Ministry of Tourism, Arts and Culture over limits on short-term rentals in the country. A statement from the company last year said that caps would hinder the growth of short-term accommodation in the country. Currently, restrictions exist on the platform for stays […]
Possible rental caps “would hinder tourism growth in Malaysia”
Reading Time: 2 minutesMalaysia: Airbnb has said that any cap on short-term accommodation in Malaysia would hinder tourism growth in the country. The company’s head of public policy for South East Asia, Mich Goh, said a regulatory approach in such a mould would only serve to deter tourists and limit travel innovation. Goh told Star2.com: “The most important […]
Airbnb in talks to tax tourists in fastest-growing SE Asia market of Malaysia
Reading Time: 2 minutesMalaysia: Airbnb has revealed it is in talks with local authorities and ministries in Malaysia to collect tourism tax on behalf of its hosts and guests in the country. Airbnb head of public policy of Southeast Asia Mich Goh said in a media briefing that the company had had “meaningful conversations” with the finance and […]
Malaysian apartment building takes legal action over short term rentals
Reading Time: 2 minutesMalaysia: The Loft Residences in Kota Kinabalu has banned all commercial short-term rental business such as Airbnb from operating at its condominium units. The building’s developer Syarikat Kapasi Sdn Bhd has instructed its legal firm – Shelley Yap & Co. – to issue notice dated August 3, to all owners or tenants of blocks A, […]