TOKYO -- Tujia.com is jumping into Japan's market for short-term rentals as legal hurdles fall by the wayside, courting swelling ranks of tourists amid a shortage of conventional lodging.
The Chinese short-term rental site operator has set up a Tokyo-based subsidiary, capitalized at 5 million yen ($44,500). A website for the Japanese market will be up shortly. The plan is to list 5,000 Japanese properties by 2020. Property owners will be charged service fees equivalent to 3% of the cost of a stay, compared with a steep 12% in China.
