Skift Take
The STR industry in APAC is at a nascent stage with promising growth prospects. It is to be seen how the STR market matures to find its demand-supply equilibrium and market leaders.
The short-term rental (STR) market in Asia Pacific is expected to be the most promising market in the coming years primarily because of the increase in tourism over the past few years (with the exception of the pandemic years) owing to conducive macroeconomic and demographic features. Competition will be fierce in the next few years as global and local players race to grab a bigger market share