What Does It Mean When Hotels Move Into Long-Term Rentals? A Commentary

Deep News13:40

Recently, hotels have been stepping into the long-term rental business one after another. With monthly rents starting as low as 1,500 yuan, tenants can move in with just their bags, enjoy 24-hour security, and some properties even offer robot food delivery. "Staying in a hotel instead of renting an apartment" has become a new choice for tenants.

The entry of hotels into the long-term rental market is the result of the accommodation industry expanding its business scenarios, revitalizing existing housing resources, and meeting the demand of the housing rental market. It reflects profound changes in market demand. Staged living needs and long-standing problems in the rental market, such as difficulties in getting deposits back, have jointly given rise to this model. This model has also contributed to pushing the rental market toward standardization, and ultimately it will be ordinary tenants who benefit.

At present, this model is still in an emerging stage. Regarding issues such as how regulation should apply under different operating models and how departments should coordinate with one another, there is still a lack of systematic implementation rules, and continued exploration is needed.

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