Business

Two hotel groups laud Penang’s proposed regulation of short-term rentals

MyBHA, MAH say proper monitoring can solve social problems, ensure safety at high-rise residences

Updated 4 years ago · Published on 31 May 2022 1:18PM

Two hotel groups laud Penang’s proposed regulation of short-term rentals
Malaysian Association of Hotels vice-president Khoo Boo Lim says homestays can be allowed but they must be regulated and licensed, preferably confined to properties such as service apartments or condominiums. – The Vibes file pic, May 31, 2022

by Ian McIntyre

GEORGE TOWN – Two hotel groups have come forward to support Penang’s proposed move to regulate short-term rentals at high-rise residential properties.

State Tourism and Creative Economy chairman Yeoh Soon Hin told the Malaysia Budget and Business Hotel Association delegation that guidelines are being drafted and hopes this can aid with the industry’s recovery.

The delegation was led by its president Emmy Suraya Hussein, deputy president Sri Ganesh Michiel, Perak chairman Zamari Muhyi, Negri Sembilan chairman Suresh Armugam, Kedah/Perlis chairman Datuk Noorazly Rosly and Penang secretary Lau Eng Leong.

“As compared to short-term homestays in high-rise buildings, hoteliers need to account for higher operational costs; from taxes, proliferated electric and water bills and staff emoluments. 

“A proper regulation will not only solve social problems caused by short-term homestays in high-rise buildings, but more importantly, bring justice to the budget and business hotels.”

Meanwhile, newly elected Malaysian Association of Hotels vice-president Khoo Boo Lim said his association lauded the move by the Penang government.

“We are not against homestays, but they must be regulated to ensure safety of the occupants and their neighbours.”

He said homestays can be allowed but they must be regulated and licensed, preferably confined to properties such as service apartments or condominiums.

“Imagine each day, you have neighbours whom you do not know who they are. I have encountered owners who allowed the leasing of their units to outsiders who in turn organised alcohol or drug fuelled parties,” he told The Vibes.

Yeoh’s colleague Jagdeep Singh Deo had announced that the state will be looking into regulating short-term rentals in residential high-rise properties.

Airbnb had issued a statement welcoming some form of regulation, but also seeks assurance that their rent-sharing providers are not too burdened by the new guidelines. – The Vibes, May 31, 2022

Related News

Community / 19h

Paya Terubong landslide: Resident writes to 15 ADUN to seek ban on hillslope development

Malaysia / 2d

Flash floods, landslides: Penangites asked to be on alert

Malaysia / 3d

Air Itam - Tun Dr Lim Chong Eu Expressway expected to be ready by April next year

Malaysia / 4d

Penang to seek greater clarification over Waze ban

Places / 6d

Penang makes National Geographic list of top 25 cities worldwide to visit

Community / 1w

Penang: Ratepayers Association calls for immediate solution to worsening congestion

Spotlight

Malaysia

Mahathir’s RM150m defamation suit against Anwar faces uncertainty

Malaysia

Son shocked by father’s fatal hacking in FELDA settlement

Malaysia

Election Commission to meet on Nov 6 to set key dates for Sarawak polls

Malaysia

PH says final 72 hours could decide Melaka election outcome despite 70-80% target

Malaysia

RM3.28m Govt aid reaches 164 Indian community places of worship

Malaysia

Ismail Lasim holds off on new Negeri Sembilan exco appointments pending court decision

By Alfian Z.M. Tahir

Malaysia

Battersea project’s high upfront cost led to losses for Malaysian investors, says Anwar

Malaysia

Ras Adiba condemns unauthorised entry into missing TV host Zalina Azman’s home

You may be interested

Business

Oil prices slide, ringgit weakens as Middle East diplomacy offsets supply risks

Business

China’s AI stock rout wipes out US$480b as valuations collapse

Business

BNM wants Islamic finance to channel more funding into Malaysia’s growth industries

Business

Gold hovers near three-month low as Fed rate outlook weighs on prices

Business

Oil retreats from recent highs as Iran conflict risks keep markets on edge