AIRBNB TO THE RESCUE OF PROPERTY OVERSUPPLY?

Nothing short of a phenomenon, AirBnb looks like it’s gearing up to conquer the travel supply chain; quite unexpectedly, a positive side effect of that is the rescuing of the property oversupply in some cities.

Text by Jan Yong

Having stayed at nice studio apartments in Osaka, Kyoto and Bangkok and a room in an apartment in Cameron Highlands, Malaysia – all booked via the short-term rental accommodation platform, AirBnb, I have to say they have been pretty mixed experiences so far. Only one of the apartments was actually managed by the owner herself; the rest were managed by hired hands who organised the reception, cleaning and everything else.

A common thread running among all of them was the hassle-free way of getting the key (the so-called reception) and returning the key when ‘checking out’. The most common way to get the key to the apartment was to get it from the mail box which was usually locked with a combination padlock. The padlock combination and a list of instructions on how to deal with the electrical equipment such as the cooker, air conditioner, television remote, and the high-speed WiFi password would have been e-mailed to you once your payment is confirmed at the AirBnb website.

That was how easy it was to rent an AirBnb accommodation.

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