PROPERTY MANAGEMENT
Regulation is crucial to ensure safety , quality , and sustainability within the tourism accommodation sector .
Why This Matters to South Africans
STRs have long been a part of the accommodation landscape , but the rise of digital platforms like Airbnb has brought them into the spotlight . They offer affordable , flexible lodging options for business and leisure travellers , allowing South Africans to participate actively in the tourism economy .
In rural or less developed areas , STRs provide travellers with accommodations that traditional hotels may overlook , fostering tourism in regions that may not support a full-scale hotel but can benefit from STRs .
Call to Action : Join SASTRA
To ensure that the voices of STR operators are heard in these important regulatory discussions , I encourage you to register with the South African Short-Term Rental Association ( SASTRA ). SASTRA is dedicated to representing the interests of hosts , owners , employees , and other stakeholders in the STR industry . By registering at www . SASTRA . org . za , you can provide valuable input and receive regular updates on the evolving regulatory landscape .
By exploring the insights from the White Paper and global trends , and by getting involved with organizations like SASTRA , you can play a pivotal role in shaping the future of short-term rentals in South Africa . Together , let ’ s ensure that this dynamic sector continues to thrive , offering lucrative opportunities for hosts and unforgettable experiences for travellers alike .
CLICK HERE TO REGISTER
About the Author
Miguel Martins is a seasoned property investment professional with 25 years of experience in retail banking across South Africa and the UK . Previously at Absa Home Loans , he led the Investor and Structured Lending portfolio and developed the Future Rental Income product . Currently , he manages a short-term rental portfolio of over 20 listings in Johannesburg and the Western Cape , collaborating with property investors and developers .
ENQUIRIES
74 REI MAGAZINE NOVEMBER 2024