With over 30 units managed by Ikhram Merican and his team, Ikhram is acknowledged as one of the most experienced and successful AirBnb host in Malaysia. He shares his secrets recently at a workshop in Kuala Lumpur.
MARKET POTENTIAL IN MALAYSIA
To gauge its market potential, you have to look at the tourism numbers for Malaysia since by and large AirBnb properties here cater to tourists. Malaysia is second only to Thailand as the top tourist destination in Southeast Asia and is ranked 11th in the world. For the last 15 years, Malaysia has been improving year-on-year. Further, medical tourism is experiencing phenomenal growth amid a depreciating ringgit.
“The tourism market is huge in Malaysia and there is a lot of potential yet to be unleashed. For example, Langkawi is better than Phuket but not enough has been done to promote it. We are certainly not at our peak potential yet,” notes Ikhram.
He adds that the leisure travel culture now is prevalent among most Y and Z generations worldwide. “Furthermore, you can make friends in Airbnb. For example, I can go to 40 countries and stay in AirBnb of some of the guests who have stayed in my properties.”