By The Nation
The platform is debuting in Thailand ahead of Hostmaker’s existing European markets, in order to serve the growing demand for vetted accommodation in Bangkok. ‘Stayy’ allows visitors and expats to search for medium and long-term accommodation, on a flexible contract, with the assurance that all properties are legal and have been vetted by Hostmaker’s experts.
Established in 2014 in London, Hostmaker has hosted more than 250,000 guests and generated more than £50 million (Bt2.1 billion) for homeowners to date. Hostmaker was the winner in the “Best Short Term Rental Platform” category at the Serviced Apartment Award last year, based on its record of bringing higher yields for its homeowners and memorable experiences for their guests. Since launching in Bangkok in September, Hostmaker has grown quickly - with over 50 properties now in its Thai portfolio.
Fully compliant with Thai regulations, Hostmaker vets all properties and only leases them for a minimum of 30 days. It is currently difficult for visitors to Bangkok to find a legal property to rent for a month upwards, so Hostmaker has created Stayy: a platform that enables users to book home rentals with assurances of personal service, flexibility and security with just one click.
Nakul Sharma, the founder of Hostmaker, said: “Bangkok is the most visited city in the world, with good reason. Millions of tourists, students, expats and business travellers flock here every year, looking for legal and vetted properties to hire for at least a month and up to a year, making it the perfect market for us to launch Stayy with Hostmaker. The market regulations around short-term lets provides us with the perfect environment for our brand-new medium to long-term lettings platform, and we’re excited to be debuting Stayy in Bangkok”
Sharma added: “Stayy with Hostmaker takes us a step further in our mission to unlock the potential of every home in Bangkok, bringing our hotel-quality homes to a new breed of travellers. Through Stayy, we will deliver unique homes and unique experiences to Bangkok.”