Japanese Rakuten Lifull Stay Inc., which is co-owned by Rakuten Inc. (51 percent) and Lifull Co. Ltd. (49 percent), has begun registering properties to be posted on its new vacation rental marketplace VacationStay.
The company has been waiting for Japan’s new private lodgings business law to come into effect (in June) before launching the business. In a news statement, it asked individuals and corporate property owners to get their vacation rentals registered with the platform through new membership or Rakuten ID.
VacationStay is expected to go live in mid-June when the new law will finally allow private rental services for short-term accommodation.
While listings will be free, users will be charged a flat fee of three percent of the rental price when bookings are confirmed. Listings will be extended to partner platforms both locally and internationally. Property owners will also be offered insurance for on their properties.
VacationStay has signed listing-sharing agreements with five sites so far: South Korean online-to-offline short-term accommodation booking platform Yanolja, Austin-based HomeAway, Taiwanese AsiaYo.com, Beijing-based Tujia.com and Amsterdam-based Booking.com.