Thai Airbnb hosts have served more than 1.2 million guest arrivals over the past 12 months and earned 4 billion baht.
Airbnb’s head of public policy for Southeast Asia, said the Thai host community earned a combined US$119 million (4 billion baht) in supplemental income from February 2017 to February 2018. Ms Goh said the 1.2 million guests represent 66% year-on-year growth in arrivals.
She attributed the growth to the increasing acceptance of the hospitality platform among Thais as an opportunity to earn extra income and welcome guests from around the world.
“There are over 61,400 listings in Thailand on Airbnb, and the median host income averages $2,100 or 67,000 baht annually,” Ms Goh said.
Bangkok and Phuket contributed more than half of host earnings and guest arrivals over the past 12 months. Airbnb hosts in Bangkok earned 1.1 billion baht by sharing their homes with 485,000 guests.
In Phuket, the strong vacation rental market helped generate close to 995 million baht for hosts, with the median host income reaching 108,000 baht annually. Ms Goh said there were more than 4 million guest arrivals in Southeast Asia last year. This strong number reflects an increasing desire among travellers for unique, authentic and independent travel.
Airbnb has said its platform is complementing — rather than competing with — the global hotel industry. Hosts on Airbnb are opening up Thailand to visitors who want to stay in neighbourhoods and communities away from traditional tourist hotspots.
Is AirBnB legal in Thailand ?
Every country has it’s own laws surrounding letting of property, Thailand is no exception. Below is a expert legal opinion from SB Law Asia about the laws regulating AirBnB daily rentals (or lack thereof) in Thailand.
Some cities, such as Paris and Berlin, have specific laws against home sharing and have fined hosts, none has sought to criminally prosecute them in court for providing stays.
Thailand has not introduced any such laws. Thus, the letting of rooms within a unit can only be challenged by existing laws.
The Hotel Act (2004) presents the principal challenge. This law prohibits any premises being used as a hotel without an appropriate licence. It is difficult, if not impossible, for residential owners to obtain such a licence, because the Hotel Act requires that certification of the premises is obtained under the Building Control Act (1979). Those requirements are readily satisfied by purpose built hotels but not for residential premises. The cost of compliance, even if ultimately achievable, is prohibitively expensive.
However, there has been a recent change in the law, which may be of limited assistance. On the 19th August 2016 the Ministry of Interior’s Ministerial Regulations Prescribing Descriptions of Other Types of Building Used for a Hotel Business Operation became effective. It will remain in effect for 5 years and applications under those regulations must be made within that time and applies only to buildings which existed on the above date.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...