Tokyo also looking at tightening minpaku regulations
The tide may be turning for Japan’s short-term ‘minpaku’ operators. Following in Osaka’s lead, 22 out of Tokyo’s 23 wards are preparing to introduce stricter rules on minpaku accommodations. This comes amidst a growing backlash from residents concerned about noise and garbage. Once promoted as a solution to provide accommodation options with a lower overhead for operators, the industry is now facing regulatory shift that could hit real estate investors.Read more