The market doesn’t seem pretty, but why did I mention that I’m “excited”about the HK market?
I mentioned earlier that the Airbnb’s share in the HK market is relatively low in comparison to London or Paris. I think the HK Airbnb scene (in 2019) before the mass protest looked very similar to the London Airbnb market in 2015.
For instance, London market has experienced quick growth in both supply and demand. It showed 4 times of increase[ref] in supply within 3.5 years while maintaining above 50% occupancy rate [ref].
Consequently, it brought lots of opportunities to the professional Airbnb property managers and companies in London.
Therefore, I believe that there is a chance that the HK will resume that rapid growth it showed between 2015 and 2019.