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Short-Term Rentals Attract Travelers in Sharing Economy Era

Popularity 1Viewed 598 times 2017-7-31 17:00 |System category:News

Short-Term Rentals Attract Travelers in Sharing Economy Era
A homestay run by Maggita [Women of China/Li Wenjie]

 


More and more travelers in China nowadays prefer homestays rather than traditional hotels, as they seek flexible, private and cost-effective living experiences.


The house-sharing model was first introduced by the website Couchsurfing.com in 2003. It is still the largest hospitality platform for low-budget travelers to find accommodation.


Such services can also provide people with a firsthand experience of the local culture, say users.


Inspired by her great experience of homestays in France, Maggita, 30, prioritized short-term lodging as her first choice in her future trips. She later went back to her hometown Shanghai and ran a "shared accommodation" business.


With the latest trend of sharing economy, the short-term hire idea has been a win-win business model.


For tenants, they can rent a special room at a reasonable price and also enjoy indigenous culture compared with traditional hotels.


For landlords, they can gain considerable profits with daily rental.


Now Maggita has quit her previous job in an IT company and become a host of some 20 homestays with convenient locations and stylish decorations, which enabled her to earn a monthly income of around 40,000-50,000 yuan (U.S.$ 5,970-7,463).


An increasing number of people began to operate such rental services and Maggita has made great efforts to seek for better rooms to raise her competitiveness.


In recent years, with the popularity of the Airbnb, an international house-sharing service, China has seen many domestic homestay booking platforms emerge such as Xiaozhu and Tujia.


Chen Chi, founder and CEO of Xiaozhu, said the model, inspired by the concept of the sharing economy, is to share idle rooms, couches or apartments to people who need them.


Instead of the traditional notion that Chinese people feel uncomfortable living with strangers, Chen found that a large number of tenants got along well with house owners, helping them wash clothes and make meals.


Chen suggested the younger generation in China's first-tier cities such as Beijing and Shanghai to join the team of "short-term rental" landlords.


By leasing one or two rooms to travelers, they could move out of basements or apartments in bad condition and live in better ones with acceptable costs.


However, experts have pointed to a series of issues brought about by the trend. Lacking supervision to those accommodation sharing websites, the service quality and accommodation safety cannot be guaranteed.


Experts suggested that the online platforms should closely cooperate with communities and local police stations to regulate the services.


In March 2016, the National Development and Reform Commission co-issued the Guiding Opinions on Facilitating Green Consumption with nine departments, stressing to support the development of thesharing economy and promote the effective use of personal idle resources.


In terms of the accommodation sharing industry, specific provisions and related documents will be enacted to regulate and promote the development of the sector, officials say.


 

Short-Term Rentals Attract Travelers in Sharing Economy Era
A homestay run by Maggita [Women of China/Li Wenjie]

 

Short-Term Rentals Attract Travelers in Sharing Economy Era
A homestay run by Maggita [Women of China/Li Wenjie]

 

Short-Term Rentals Attract Travelers in Sharing Economy Era
A homestay run by Maggita [Women of China/Li Wenjie]

 

Short-Term Rentals Attract Travelers in Sharing Economy Era
Maggita [Women of China/Li Wenjie]

 

(Women of China)


(Opinions of the writer in this blog don't represent those of China Daily.)


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Reply Report HailChina! 2017-8-4 17:34
But "shared economy era". You are taking the hype to another level. It is not just bad but very silly. You are silly.

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