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Startups

OYO and RedDoorz spice up Indonesia's co-living segment

Investors look on as foreign groups jostle with local startups over room rentals

Singapore-based hotel and booking group RedDoorz holds its independent hotel owners to standards such as clean linen for guests, offering them economies of scale in return (Photo by Rie Ishii).

JAKARTA -- While it has been around for decades in Indonesia, the long-stay room rental business has never been a lucrative venture or drawn much investment interest.

Historically, it is a way for older people to earn additional income by renting out spare bedrooms -- known locally as indekost or kost -- usually to university students or local workers, who would live with fellow room-renters, sharing facilities like a toilet, kitchen and living room.

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