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

Malaysia / 16h

Penang water tariffs to increase from July 1 after year-long deferment

Malaysia / 1d

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia / 4d

One killed as fire destroys former Odeon cinema in Penang

Off beat / 5d

Penang: CM orders all state excos to monitor development progress

Events / 1w

Penang to host 2026 South East Asian Pipe Band Championships for third time

Events / 1w

PCEB inks MoU with EON Bhd for sustainable mobility solutions

Spotlight

Business

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Malaysia

UMNO’s solo gamble in Johor: A show of strength or risky miscalculation?

By The Vibes Says

Malaysia

Nik Aziz’s grandson allegedly slapped by senator: Father ready to take case to court

Malaysia

Lorry driver jailed a day, fined for making obscene gestures, dangerous driving (video)

Malaysia

PKR leader defends MyKhas access suspension for PJ, Subang MPs, cites ‘political choices’

Opinion

Social media set to dominate Johor polls as election kingmaker

Malaysia

Man charged in Butterworth parang attack case that left victim fearing permanent disability

Malaysia

Teen mothers must return to school, says Fadhlina as education remains priority

Malaysia

Penang water tariffs to increase from July 1 after year-long deferment

You may be interested

Business

Tengku Zafrul defends DC investments, says economic value goes far beyond job creation

Business

SC tightens oversight of investment-linked trust structures, requires licensing beyond incidental activity

Business

Time for banks to step up and do their part, stresses former finance minister

By Ian McIntyre

Business

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Business

Ringgit gains as US trade policy concerns offset strong American economic data

Business

Ringgit eases against US dollar as strong American data and Gulf tensions boost greenback

Business

Private capital set to power AI data centre boom as global tech capex forecast raised to US$5.3 trillion

Business

SpaceX targets historic US$75 billion IPO in record-breaking market debut plan