US short-term rental website Airbnb is stepping up its expansion into Asia, with an office already being set up in Singapore, reported CNET Asia.
The writer notes that instead of acquiring a local player, a strategy that Birchbox and Groupon employs, Airbnb has decided to compete directly with the likes of Roomorama, Travelmob, and iBilik instead. It will also be fighting for market share with 9flats, a German company that set up shop in Singapore last year.
Users accessing the Airbnb website in Singapore will be instantly redirected to www.airbnb.com.sg. The site has support for many Asian currencies like the Indonesian Rupiah, Japanese Yen, and the Philippine Peso. However, only English is available for now.