Airbnb to double India stake as Singapore restrictions remain in force

Home-share accommodation firm Airbnb indicated it might double its marketing investments in India to increase its visibility in the regional market.

The rental startup’s Asia-Pacific (APAC) Regional Director Siew Kum Hong revealed that the number of listings on Airbnb in India went up 150 per cent in the last year.

Speaking at the Skift Forum in Singapore recently, Siew added that whereas he is disappointed that the Singapore government will not be revising the rules that have limited the short term letting of private property to tourists, he is optimistic of Airbnb's business in the region.
Speaking at the Skift Forum in Singapore recently, Siew added that whereas he is disappointed that the Singapore government will not be revising the rules that have limited the short term letting of private property to tourists, he is optimistic of Airbnb's business in the region. Photo courtesy: Skift

In contrast, Singapore, where its Asia-Pacific (APAC) headquarters is based, decided not to relax its restrictions on short-term rentals. In May this year, the Singapore Urban Redevelopment Authority (URA) announced that current limits on vacation rentals will remain after an extensive survey and discussions with residents, property owners and home sharing platforms like Airbnb and HomeAway.

Those consultations included a national survey, which URA said showed the majority of Singaporeans supported the existing laws.   

“Based on the totality of responses from all stakeholders to the proposed framework, URA has decided to maintain the status quo at this time. URA will continue to enforce the current requirement for a minimum stay duration of three months in private residential properties,” it stated.

Speaking at the Skift Forum in Singapore recently, Siew added that whereas he is disappointed that the Singapore government will not be revising the rules that have limited the short term letting of private property to tourists, he is optimistic of Airbnb's business in the region.

“The bright sparks are India and China,” Siew stated.

Singapore is not the only major city with restrictions on Airbnb's operations. Among others, Paris, Barcelona, and Berlin have regulations in place.

Airbnb, founded and headquartered in San Francisco, is expected to seek a public listing by 2020 with rumours that it may even do so in 2019 itself.

Author
Tushaar Kuthiala
Tushaar Kuthiala – Associate Editor

Tushaar has extensive experience as a journalist and in founding two start-up newspapers. He has developed editorial models for both copy and content, and has written several articles, news reports on a wide range of topics. He is a graduate of St. Stephen’s College and earned a post-graduate diploma in TV Journalism from the Asian College of Journalism (ACJ), Chennai. He has worked as a special correspondent based in New Delhi with Daily World, an international media organisation. 

Comments
Poll

Which service do you use to transfer money for personal use to India?

  • Bank Transfer
  • Remittance services
  • Paypal
  • Wire Transfer services like Western Union, Remit2India
  • International Money Order
Answer
Write your story

Contribute an Article

Learn more