This brief analyzes the importance of Thailand’s short-term rentals (STRs) to tourism and shows why measures to ensure providers are fully regulated would improve quality assurance, increase public revenues, and help entrepreneurs access financing.
Illustrating how STRs make up nearly a quarter Thailand’s accommodation inventory despite many operating informally, the brief shows the sector generated $477 million in revenue for 2022, creates jobs, and provides income for property owners. It explains how encouraging STR properties to become formalized, streamlining licensing procedures, and ensuring online platforms promote registered rentals would support Thailand’s national tourism development.
Source: Asian Development Bank (ADB)