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Nurturing Short-Term Rentals in Thailand
ADB
2024.02.28
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.