Japanese short-term rental marketplace OyoLife.co.jp has tied up with peer-to-peer space sharing service Monooq.com to help address hoppers store their essential goods. OyoLife.co.jp is a joint venture between Yahoo Japan and Indian hotel startup Oyo.
OyoLife lists short- and long-term rentals, mainly for business travelers. It allows tenants and landlords to complete the entire rental process — from the property search to signing contracts — from a smartphone. The site launched with more than 1,000 residential units in April this year. Its parent company Oyo acquired a majority stake in @Leisure from German publishing group Axel Springer last month.
Founded in Apr. 2015, Tokyo-based Monooq matches people who want to store goods — like furniture — with those who have storage spaces to share. It has more than 9,000 users.
Rakuten Lifull Stay Inc., co-owned by Rakuten Inc. (51 percent) and Lifull Co. Ltd. (49 percent), forayed into the lucrative short-term rental business last year. All the main property verticals like Suumo.jp, Lifull Home’s, AtHome and HomeDirect eagerly cater to rental demand. Lifull also offers short-term rental spaces at Homes.co.jp/RentalSpace. Other rental space booking sites are InstaBase.jp and 4Jigen.Space.