THE IMPACT OF SHARING ECONOMY (AIRBNB) ON HIGH-RISE NEIGHBOURHOODS BASED ON STRA GUIDELINES: URBAN PLANNERS’ PERSPECTIVE

This study examines the impact of Airbnb as part of the sharing economy, which has introduced various challenges in high-rise neighbourhoods. It explores how the implementation of Short-Term Residential Accommodation (STRA) guidelines can help regulate short-term rental activities and address emerging issues in high-rise residential areas. Specifically, the research aims to explore the impact of Airbnb from the perspective of urban planners, focussing on how this service affects neighbourhoods and cities. Using a qualitative approach, semi-structured interviews were conducted with key stakeholders, and the findings were analysed through thematic analysis. The results reveal both positive and negative implications of Airbnb. On the positive side, Airbnb stimulates the state's economy, particularly through the tourism sector, and provides an alternative source of income for residents. On the downside, the presence of short-term rentals can lead to increased property prices and raise concerns about neighbourhood safety. This research suggests that the STRA guidelines could play a key role in creating a balanced solution for the future of short-term rentals in Malaysia, ensuring that both residents and businesses can benefit from this evolving industry.