An outstanding stroke for sharing economy lovers and especially the home-rental industry. The trendsetter, Airbnb created a new mark in the industry, now in Japan the private home-sharing is permitted for up to 180 days a year, or roughly six months.
This is great news for the thousands of Japanese residents already hosting on Airbnb and provides much-needed clarity and certainty for locals who want to earn additional income by sharing their extra space with travellers from around the world.
Home sharing and short-term rentals bring great benefits to Japan. In 2016 alone, Airbnb community boosters the Japenese economy by 920 billion yen ($8.3 billion). It also helps to grow and diversify tourism, while utilising unoccupied homes.
With the addition of this law, sharing economy will definitely get a boost and more number of entrepreneurs & startups comes up and follow the motto “Sharing Is Caring”
Fast facts on Airbnb in Japan
- Japan is one of Airbnb’s ten largest markets in the world
- Japan is most popular destination in Asia Pacific
- 5 million guests arrivals both international and domestic in the past year (doubled year-on-year)
- 52,000 Airbnb listings in Japan
- The Airbnb community generated US$8.3bn of economic impact in Japan in 2016