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09 Nov '12, 9am

Airbnb lands in Singapore: The company which runs an online service to find short-term accommodation sets up an

Airbnb lands in Singapore: The company which runs an online service to find short-term accommodation sets up an

Photo of the restaurant Airbnb took over as office in Singapore. (Credit: Nicholas Aaron Khoo/CNET Asia) A little bird has just whispered to this geek that popular short-term rental site Airbnb has finally landed in Singapore, with an office set up in what used to be a restaurant on Neil Road. Although Airbnb appears to have started late in this region, one thing seems to be sure: Local startups like Travelmob and Roomorama with similar business models will likely not be acquired by Airbnb looking for a quick entry into this market, as was the case with Groupon entering Singapore through the acquisition of Beeconomic and Birchbox entering Europe with the acquisition of Joliebox . Instead, local players will have to fight off the competition brought by Airbnb, and only time will tell the winner. Hey, local incumbents like Naver have just kicked Yahoo out of South Korea, rig...

Full article: http://asia.cnet.com/airbnb-lands-in-singapore-62219424.htm

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