Srividya Kalyanaraman

There is now another subscription service for short-term rentals.

The new proposals yet to be finalized may achieve the opposite effect, reducing short-term rental inventory in the long run while pushing rental prices up. The government should be cautious given tourism's significant 17 percent contribution to the economy.

Discounted deals on last-minute bookings are more than just a passing trend. It's fast becoming a market with many entrants. But it's unlikely to alarm bigger players like Airbnb and Vrbo unwilling to compromise on brand and experiences.