Airbnb to start maintaining properties for tourist stays in Japan
U.S. online home-rental service Airbnb Inc. will start maintaining private properties for tourist stays in Japan, sources close to the matter said Monday.
Airbnb, among other firms tapping into the country's growing "minpaku" market with a deluge in foreign visitors, plans to undertake such businesses as setting up furniture, buying insurance policies and cleaning up the properties on behalf of their owners, the sources said.
The move adds to competition in securing properties available for temporary stays before the enactment in June of a law that sets rules on the service that involves paid accommodation in private homes.
Rakuten Inc. said in November that the Japanese e-commerce company will start offering the service of maintaining minpaku properties, in addition to brokering such accommodation.
Airbnb will receive inquiries from home owners starting this month, the sources said.
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