Malaysia's tourism ecosystem has embarked on a resilient post-Covid comeback, driven by strategic efforts to enhance its appeal to global travelers. Initiatives like the introduction of a digital nomad visa and a focus on cultural and heritage tourism in the recent Budget 2024 announcement have positioned Malaysia as an attractive destination. One of the key factors enriching Malaysia's allure is its...
In a significant development, Airbnb, a prominent player in the vacation rentals and tourism sector, has joined hands with the Town and Country Planning Department (PLANMalaysia) to establish a unified set of guidelines for short-term rental accommodation (STRA) across Malaysia. This strategic collaboration marks a crucial step toward ensuring the structured growth of the short-term rental industry in the...
Is short-term rental accommodation (STRA) a feasible answer to the nation's rental and property excess concerns? Turning unused property into STRA may offer homeowners a viable option to generate supplemental income to cover their monthly mortgage expenses, despite it possibly causing inconvenience for other unit owners, suggests Albert Tan, a financial adviser with expertise in real estate dealings. Tan...