Ho Chi Minh City, 5 June, 2019,
Overview of Home-sharing Business in Vietnam
The history of tourism industry has gone through many changes. As the world continues to develop, so does the way we live, work and travel. Sharing economy has been continuouslyon development momentum along with the concept of home-sharing. It brought into the tourism industry in general and the accommodation service in particular a new exciting direction.
In the Vietnam market, home-sharing service was put the first step in 2014 and had thrived every year since then. According to Grant Thornton, in 2016, Airbnb Vietnam only had 6,500 listings. However, in 2017, this number was increased 2.5 times with over 16,000 listings, mainly concentrating in Hanoi and Ho Chi Minh City.
This service not only becomes a prominent trend for the hospitality but also for the real estate market. One of the differences of home-sharing in Vietnam is the number of Multi-listing hosts (who own more than one apartment/room for rent), accounting for 69%. It proves that home-sharing in Vietnam is not merely an accommodation-sharing service but also forms a new type of accommodation.
Multi-host:Opportunities or Challenges?
Nowadays, home-sharing service in Vietnam goes further than a service utilizing idle room for rent; it has been changing to a typical form of business investment. The number of individual investors jumpinginto this dynamic market is rapidlyincreasing. Moreover, they do not invest in one but a series of rooms/apartments for rent at the same time.
However, it’s not easy for all hosts to understand the challenges that they have to facewhile managing multiple houses across multiple platforms. When an account has 3, 5 or even 10 rooms / apartments in different locations, some problem will occur like how to balance the reservation for all apartments, or negative reviews about one base will affect all other bases. Besides, using many different management platforms will sometimes inevitably overlap the booking schedule.
Then how to take advantage of this potential business in the most effective way?Understanding the concerns of investors and hosts in Vietnam, Outbox Consulting proudly introduces a workshop underthe theme "Home-sharing business in Vietnam: How to be a winner in Multi-Host Challenge?
This event will focus on creating an ideal platform for home-sharing hosts and investors to exchange knowledge, connect and develop home-sharingcommunity in Vietnam, as well ascreate a panorama for this business type based on real statistical analysis.Plus, some popular listing platforms such as Luxstaywill bring along with their presence at the workshop the solutions for policymanagement balancing booking numbers and managing listingsacross different channels for multi-host.
Workshop will take place on June 22, 2019 from 9am to 11amat MicroSpace, 220 Tran Nao St., Dist.2, Ho Chi Minh City. The event is free to attend for Home-sharing Investor/Host, Home-sharing listing platform, Hospitality specialist, and Home-sharing enthusiast.
Limited seats available, please register here to secure your seat: http://bit.ly/homesharingworkshop. For more information, please visit our website: http://outbox-consulting.com/.
Overview of Home-sharing Workshop:
Event Name: Home-sharing business in Vietnam: How to be a winner in Multi-Host Challenge?
Event Date: Saturday, 22 June, 2019
Event Time: 9:00 am – 11:00 am
Venue: MicroSpace, 220 Tran Nao St., Binh An Ward, Dist. 2, Ho Chi Minh City, Vietnam
Media Partner: Ho Chi Minh City Travel Magazine, Travellive Magazine
Ms.Hoang Ngoc Mai
Senior Marketing Executive
Outbox Consulting Co., Ltd
Email: [email protected]
Tel: (+84) 28 6275 5726
Cell: (+84) 353 754 515