Oak Maedow Phuket
Oak Maedow Phuket BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


GSB, Airbnb join forces on homestay

GSB, Airbnb join forces on homestay

State-owned Government Savings Bank (GSB) will offer special loans to homestay operators, and Airbnb will help these operators access travelers through the accommodation-sharing giant’s platform.

tourismeconomics
By Bangkok Post

Saturday 18 May 2019, 04:00PM


GSB and Airbnb joined forces to support local sustainable tourism in Thailand. Photo: Jude Freeman / Flickr

GSB and Airbnb joined forces to support local sustainable tourism in Thailand. Photo: Jude Freeman / Flickr

The partnership between GSB and Airbnb for homestay owners is a pilot project that will extend to other hospitality entrepreneurs later, said bank president and chief executive Chatchai Payuhanaveechai.

The programme is expected to support local sustainable tourism while diversifying income distribution to communities across Thailand, in alignment with the government's initiative to drive local economic growth in secondary cities through tourism, Mr Chatchai said.

Under the scheme, the state-controlled bank will provide a special lending package smaller, flexible loans to hospitality micro-entrepreneurs who meet the bank's requirements.

Airbnb will train GSB officials to equip them with skills to navigate its global platform and impart knowledge to homestay owners who borrow under the scheme.

It is a mission of the bank to strengthen the grassroots economy by creating jobs and markets for these people to boost their income, Mr Chatchai said.

The bank has lent 28 million baht for development of local homestays in 100 communities nationwide, he said, adding that the loans have been extended to more than 300 homestay operators at a cheap rate of 0.75% monthly.

Oak Maedow Phuket

No collateral is required when the loan amount is less than 1 million baht. The bank has not set a target for the loan scheme, opting to provide support as needed.

"Local homestays are increasingly integral to the development of our tourism industry and communities," Mr Chatchai said.

"This helps to create both economic and social value," he added.

Read original story here.

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

 

Have a news tip-off? Click here

 

Phuket community
Phuket’s 24 piers get green light as all tourism-related businesses allowed to reopen

Kurt is correct..Italy for example opens travel for all European countries, Spain and others followi...(Read More)


Songkran substitute possible in July: CCSA

@Galong Who says water splashing events would be allowed ?...(Read More)


Big push for domestic tourism

A lot of thai 'pumping around money' is going to take place, not generating 'income mone...(Read More)


Phuket commerce president surprised, but welcomes move to reopen hotels

Chamber of Commerce President surprised that Phuket Governor 'silently' opened the Phuket to...(Read More)


Offshore health checks for returning Thai crew

@Dek, is this your 'comment' on a article in The Phuket News? ...(Read More)


Phuket’s 24 piers get green light as all tourism-related businesses allowed to reopen

@Pascale. Yes, foreign people all over Europe already booking their summer holidays in european cou...(Read More)


Phuket hotels allowed to reopen

@ DeK, BangkokPost published that 70% of the THAI shareholders are foreign....(Read More)


Hopes riding high for Phuket airport to reopen mid-June

Nice for many workers that Phuket airports opens 15 June. But from where the 'High riding Hopes&...(Read More)


Hopes riding high for Phuket airport to reopen mid-June

What's the problem with dogs? This is Buddhist nation where dogs are regarded in Buddhist though...(Read More)


Phuket hotels allowed to reopen

wow some people have an inflated importance about themselves, given that local customs and tradition...(Read More)