14 Nov '12, 12pm

#Airbnb sets its sights on Singapore short-term rental space. Coming soon to Thailand and Indonesia, too.

#Airbnb sets its sights on Singapore short-term rental space. Coming soon to Thailand and Indonesia, too.

But why Singapore, you may ask? Tourism is a huge sector in the country, and it contributes S$ 35.4 billion (10.6%) to the country’s GDP . This number is set to rise by 2.1% in 2012, and by 4.3% per annum to S$ 55 billion by 2022. With a high number of leisure travellers passing by Singapore everyday, it makes sense for Airbnb to setup an office here in the country. Of course, it could be seen as an entry to the Southeast Asia market, too. The Next Web reported that Airbnb has plans to roll out their service to Thailand and Indonesia , two Southeast Asian countries that are well known for their beautiful islands as short getaways.

Full article: http://e27.sg/2012/11/14/airbnb-sets-its-sights-on-singap...

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