Short-term Rentals for the Chinese Market

Unless your vacation rental’s calendar is full every day of the year, you will be looking to increase bookings. There are a myriad of platforms out there to list your rental – such as the big ones like Airbnb, VRBO or Homeaway or Flip Key. However, even though you are present on theses pages, are you really reaching all potential guests out there?  A lucrative market, which remains largely untapped, is the large number of Chinese tourists travelling abroad. From 2016 to 2017 the number of vacations Chinese citizens were taking outside the country increased by 7% to 131 million occasions, for example. With that comes a huge spending power. In 2016 alone it amounted to over USD 261 billion for Chinese tourists abroad. So how do you reach Chinese travellers with an interest in staying in vacation rental? CertiStay had an opportunity to speak with an expert in the Chinese market, Donald Kim. Donald is VP of Business Development at Cozystay, which operates a platform for short-term rentals targeting Chinese vacationers. 1. Donald, thank you for taking the time to answer a few questions for us. Could you introduce yourself and tell us a little bit more about what Cozystay does? Hi, it is a pleasure to be here. I’m the VP of Business Development for Cozystay and I’ve been working with the company since its launch in early 2015. The idea started with Galen, CEO/Founder, who initially looked at providing student housing for Chinese students in North America and then decided for a model similar to Airbnb but targeting the emerging Chinese tourism market. China has surpassed USA and Germany for outbound travel and will be the largest market for the next 10-15