Airbnb in talks with local authorities over rental rules

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Short-term home rental platform Airbnb is in talks with Malaysian authorities to possibly devise regulatory framework for its services.

“We’ve had meaningful and productive conversations with the Malaysian authorities, who are excited by the prospect of home sharing and the benefits the Airbnb platform is already bringing to local tourism,” it said, in a statement.

Airbnb said it generated RM200.4mil for the Malaysian economy last year, based on 1.5 million guest arrivals.

The statement was in response to a Kuala Lumpur City Hall (DBKL) order that owners or operators of residential properties that were using platforms like Airbnb would have to register or face penalties.