“I have flexibility in renting out my condo units,” she said in a Viber message. “I choose how long I want the units rented out, at what price, and pause if I need to take a break.”
Launched in 2008, Airbnb began as an online marketplace focused on short-term homestays and lodging. The platform allows hosts to put up property for rent on the website that tourists can use while traveling. This has brought down rent costs, while travelers have more choices in terms of lodging size, location, quality, and amenities. “This is all good for the real estate and tourism market,” he added.
“The rise of Airbnb doesn’t seem to have much bearing on the residential market because it caters to different demand profiles,” Ms. Garcia said.“It makes sense to have it leased out on a monthly basis or longer, she said by telephone. “That way, I don’t have to worry about cleaning and maintaining it.”
While Airbnb directly competes with hotels and resorts, it is still expected to help promote and boost the tourism market. “The government has a lot of catching up to do in order to benefit from Airbnb’s free advertising of the country’s great destinations and the income and taxes it may bring,” the company said in an e-mail.“Airbnb facilities do not have a direct and major impact on 5-star hotels even for ‘staycation’ because guests of five-star hotels still prefer professional and personalized services,” Benito C. Bengzon, Jr., executive director at the Philippine Hotel Owners Association, Inc.
“The platform does not limit listings and types of properties and any hotel and resort may offer their properties in this platform,” it added.“Airbnbs extending to office will be popular moving forward especially with the popularity of work from home or work from anywhere,” he said.
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