Airbnb estimates direct economic impact in Thailand exceeds 33.8 billion baht

[webfact]

Airbnb estimates direct economic impact in Thailand exceeds 33.8 billion baht

By The Thaiger

 

 

• 80 percent of local Airbnb hosts saying they recommend restaurants and cafes to guests

• Airbnb guests saying that 46% of their spending occurs in the neighbourhood where they stay.

 

According to new survey findings and an analysis of internal data released today, Airbnb’s host and guest community generated over 33.8 billion baht in estimated direct economic impact in Thailand in 2018. The survey also found that Airbnb’s host and guest community generated over USD$100 billion in estimated direct economic impact across 30 countries in 2018.

 

Importantly Airbnb’s community-based model means this significant economic impact is shared by local families, businesses and communities across Thailand, including those places that have traditionally missed out. According to the survey of hosts and guests in Thailand, 80% of local Airbnb hosts say they recommend restaurants and cafes to guests, and on average Airbnb guests say 46 percent of their spending occurs in the neighbourhood where they stay.

 

Mike Orgill, General Manager for Southeast Asia, Hong Kong and Taiwan, Airbnb shared, “The Airbnb community of hosts and guests makes a large and increasingly important contribution to Thailand’s economy. As our community of hosts and hospitality entrepreneurs grows, it generates more economic opportunities for local businesses and communities right across Thailand.”

Other key findings from the survey of local hosts and guests in Thailand include…

 

• Guests who say Airbnb impacted the length of their stay on average added 8.1 days to their trip.

 

• 52% of Airbnb hosts say they recommend cultural activities such as museums, festivals and historical sites to guests.

 

• 46% of Airbnb hosts say hosting has helped them afford their homes.

 

• 31% of hosts say Airbnb provides supplementary income they rely on to make ends meet.

 

• 62% of guests say the environmental benefits of home sharing matters in their decision to use Airbnb.

 

• 95% of guests say the security of payment matters in their decision to use Airbnb.

 

 

Source: https://thethaiger.com/hot-news/tourism/airbnb-estimates-direct-economic-impact-in-thailand-exceeds-33-8-billion-baht

 

-- © Copyright The Thaiger 2019-07-04

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[madmen]

Impressive!

 

Thailand mays as well approve less than 30 days stay since everyone is renting nightly anyway. Cant stop the AirBnb juggernaut !

[PremiumLane]

And all this would happen if you stay at hotels too.

 

Airbnb also causes rents to go up, landlords to kick tenants out so they can rent short-term, pushes working class people out of neighbourhoods and doesn't address real housing needs in big cities. 

[madmen]

6 minutes ago, PremiumLane said:

And all this would happen if you stay at hotels too.

If you take a look at say Pattaya air bnb vs hotels they are either cheaper or the same price but instead of a 20 sqm room you get a 35 to 45 sqm condo usually with a kitchen , always with a pool and sometimes a gym .  Apples and oranges

[Peterw42]

15 minutes ago, madmen said:

If you take a look at say Pattaya air bnb vs hotels they are either cheaper or the same price but instead of a 20 sqm room you get a 35 to 45 sqm condo usually with a kitchen , always with a pool and sometimes a gym .  Apples and oranges

Where are you seeing these cheaper and bigger rooms ? Typicial pattaya Airbnb, the base for example, 20 sqm room is 1,000 baht a night the same as a hotel.

[DLock]

I don't like AirBNB as my experience staying near to AirBNB properties has not been good.

 

But I understand the appeal for tourists as well as property owners.

 

I think AirBNB is too rich, too strong, too nimble, too creative and too smart to hold back....especially in Thailand.

 

Hotels are Dinosaurs. I happen to like Dinosaurs, but the new travelers prefer AirBNB.

 

Game is pretty much over.

[ianezy0]

20 minutes ago, Peterw42 said:

Where are you seeing these cheaper and bigger rooms ? Typicial pattaya Airbnb, the base for example, 20 sqm room is 1,000 baht a night the same as a hotel.

There are no 20sq mtr rooms at the base. 34 sq mtr is the minimum.

Also be much better if there was no bnb but as already said, it is a juggernaut and not likely to slow down in the immediate future

Edited July 4, 2019 by ianezy0

[Peterw42]

4 minutes ago, ianezy0 said:

There are no 20sq mtr rooms at the base

30 sqm then, the point being they are no bigger or cheaper than an average hotel room.

[ThomasThBKK]

1 hour ago, madmen said:

Impressive!

 

Thailand mays as well approve less than 30 days stay since everyone is renting nightly anyway. Cant stop the AirBnb juggernaut !

If they WOULD be clever they would just ask AIRBNB to tax landlords the witholding tax directly and forward that to tax revenue department or simply giving them an API where they can access the bookings and make sure tax gets paid on their own.

 

Actually Airbnb makes everything more transparent they just don't get it, the hotel lobby bron envelopes must be yuuugee.

 

Let's face it, renting a 4 bedroom  beach villa on airbnb with your friends is way better and cheaper than a 4 x 30 sqm chickenbox mass tourism hotel...

[CNXexpat]

That´s BS! Most of the Airbnbs in Bangkok and Pattaya are in huge buildings where it´s often forbidden to do Airbnb. Mostly you don´t see the host or only for getting the key. That´s it. No advices or something else. It´s an Industrie like hotels, but don´t pay taxes and make condos more expensive.

[madmen]

Where are you seeing these cheaper and bigger rooms ? Typicial pattaya Airbnb, the base for example, 20 sqm room is 1,000 baht a night the same as a hotel.

20 not typical at all but actually very rare. Probably bangkok a better example simply due to volume for comparisons 

Stayed in several Pattaya and jomtien never under 35 sqm especially jomtien. And always well under 1k

 

Hotels not even in the ballpark with facilities

 

It's commonsense dude, nobody gonna pay more than a hotel if they were identical.. Think about it

[bkkbudddy]

Greetings, 

 

But, how much tax are being collected by Thai Government from Condo or apartment owners?

Tax reform must be implemented so government can collect tax owed by the owners! 

[DrTuner]

33.8B baht, no bad for a company that promotes illegal rentals under one month in areas not suitable for hotel use.

[ThomasThBKK]

6 minutes ago, bkkbudddy said:

Greetings, 

 

But, how much tax are being collected by Thai Government from Condo or apartment owners?

Tax reform must be implemented so government can collect tax owed by the owners! 

There's already tax laws for everything, everyone renting out is supposed to pay taxes no matter if individual or company.

 

Everyones here are tax dodger but i bet hotels  too so that's an entire different problem they have.

[madmen]

1 hour ago, Peterw42 said:

Where are you seeing these cheaper and bigger rooms ? Typicial pattaya Airbnb, the base for example, 20 sqm room is 1,000 baht a night the same as a hotel.

https://www.airbnb.com/s/Pattaya-Chon-Buri-Thailand/homes?refinement_paths[]=%2Fhomes&query=Pattaya Chon Buri Thailand&place_id=ChIJ49cxTZKVAjER_xC9qQHzf6k&search_type=filter_change&checkin=2019-07-18&checkout=2019-07-19&adults=1&price_max=840&room_types[]=Entire home%2Fapt&s_tag=Ulmjkxxd

 

Take a look at these 800 baht and under but most at 500 baht. Who in their right mind would stay in a 40 year hotel or guesthouse?

Edited July 4, 2019 by madmen

[madmen]

11 minutes ago, bkkbudddy said:

Greetings, 

 

But, how much tax are being collected by Thai Government from Condo or apartment owners?

Tax reform must be implemented so government can collect tax owed by the owners! 

Maybe when the approx thousands of hotels as mentioned in a recent thread would actually register first...How about we start there

[madmen]

50 minutes ago, Peterw42 said:

30 sqm then, the point being they are no bigger or cheaper than an average hotel room.

That looks more 4.5 star than the average 40 year old 3 star your comparing it to. Where you going to find a pool like that for 1000 baht/night?

Edited July 4, 2019 by madmen

[madmen]

29 minutes ago, DrTuner said:

33.8B baht, no bad for a company that promotes illegal rentals under one month in areas not suitable for hotel use.

Not true. The airbnb platform is identical for every country, its simply a platform where landlords SELECT DATES to rent their homes out. You really expect Airbnb to know the laws of all 195 countries and design a specific website for each? that's rhetorical.

Airbnb doing no promoting of anything illegal, its the landlords that 100% breaking the law

 

[DrTuner]

12 minutes ago, madmen said:

You really expect Airbnb to know the laws of all 195 countries and design a specific website for each? that's rhetorical.

Yes, not rhetorical. Or block the countries the laws of which haven't been fed into the system. 

[Date Masamune]

Not true. The airbnb platform is identical for every country, its simply a platform where landlords SELECT DATES to rent their homes out. You really expect Airbnb to know the laws of all 195 countries and design a specific website for each? that's rhetorical.
Airbnb doing no promoting of anything illegal, its the landlords that 100% breaking the law
 

Exact thing Airbnb say they are just an info platform.
The site should be blocked in Thailand like porn , a conspiracy to defraud the state of billions and violate the hotel act and immigration laws.

[madmen]

25 minutes ago, DrTuner said:

Yes, not rhetorical. Or block the countries the laws of which haven't been fed into the system. 

Yeah right and what about countries that are evolving or keep changing there laws like Thailand..how do you keep up with those.

 

Better start with the thousands of unregistered non tax paying hotels first eh? 

 

 

[DrTuner]

1 minute ago, madmen said:

Yeah right and what about countries that are evolving or keep changing there laws like Thailand..how do you keep up with those.

 

Better start with the thousands of unregistered non tax paying hotels first eh? 

You keep up by employing lawyers in the countries you operate in. And yes better start with enforcing the existing laws. The country needs a complete overhaul, not a surprise to any one.

[CNXexpat]

An interesting link what can go wrong as Airbnb host or guest:
https://www.airbnbhell.com/

[madmen]

1 minute ago, CNXexpat said:

An interesting link what can go wrong as Airbnb host or guest:
https://www.airbnbhell.com/

Not an issue Air bnb is successful because of its star rating system but more importantly guest write ups . If you are renting a property with a 4.5 star average and 150 great reviews and 1 or 2 bad ones its extremely unlikely you will have a bad experience.

[ChipButty]

Each host has the function in their back office to make a guide book where you can list all the places you recommend like restaurants cafes bars shops and local attractions places to see, I would say the local community benefits from the airbnb kind of traveler

[Don Chance]

Considering long term renting can be a nightmare in Thailand when the LL keeps you deposit. Airbnb is a good option, with reviews.

I usually book a night or two and check it out first.

Unfortunately Airbnb inflates the price of apartments too much. LL's become very greedy.

Better have minimum 15-30 days for apartments keeps people happy.

Edited July 4, 2019 by Don Chance

[ChipButty]

If you look on airbnb you can get some good deals in BKK we rented a 2 bedroom apartment just off Sukhumvit for 2200 Baht per night it was modern very clean, nice pool almost outside the door a hotel that standard would have been double for 2 rooms

[ChipButty]

5 minutes ago, Don Chance said:

Considering long term renting can be a nightmare in Thailand when the LL keeps you deposit. Airbnb is a good option, with reviews.

I usually book a night or two and check it out first.

Unfortunately Airbnb inflates the price of apartments too much. LL's become very greedy.

Better have minimum 15-30 days for apartments keeps people happy.

You pay 15% as a guest to airbnb, next time try Agoda there is no fee's now they list villas and condo's

[Date Masamune]

Considering long term renting can be a nightmare in Thailand when the LL keeps you deposit. Airbnb is a good option, with reviews.
I usually book a night or two and check it out first.
Unfortunately Airbnb inflates the price of apartments too much. LL's become very greedy.
Better have minimum 15-30 days for apartments keeps people happy.

It is not better to have “minimum 15-30 days” for apartments less than 30 days is illegal under “Thai Law”. Foreigners who rent Airbnb in Thailand less than 30 days should be fined 1000 baht per day and the owners jailed for a short period for each offense

Sorted.


Sent from my iPhone using Tapatalk

[ChipButty]

1 minute ago, Date Masamune said:

It is not better to have “minimum 15-30 days” for apartments less than 30 days is illegal under “Thai Law”. Foreigners who rent Airbnb in Thailand less than 30 days should be fined 1000 baht per day and the owners jailed for a short period for each offense

Sorted.


Sent from my iPhone using Tapatalk

Good luck with that