Handys , the operator of Urban Stay, announced on the 26th that it signed a business agreement (MOU) with Mister Mansion , a mid- to long-term accommodation platform. The main purpose of this agreement is to revitalize the domestic accommodation market and utilize idle real estate in the region.
The two companies will work together to provide high-quality accommodation services to more domestic and international customers and introduce new forms of stay experiences. In particular, they plan to utilize the government’s regulatory sandbox pilot project exception to expand legal shared accommodation models and introduce shared accommodation as an alternative to solve the problem of unsold apartments and empty houses in the region.
Handys and Mister Mansion are currently reviewing ways to utilize the unsold apartments and empty houses in the area due to population decline as shared accommodation spaces. Through this, they plan to efficiently utilize idle assets, contribute to the revitalization of the local economy, and expand the diversity of the shared accommodation market.
Jeong Seung-ho, CEO of Handys, said, “Handys is a proptech company that develops its own asset management solutions and possesses the technology to centrally manage 3,600 rooms in 26 locations nationwide,” adding, “Through this technology, we will create a model that provides better accommodations to local travelers and contributes to the local economy.”
Mr. Mansion CEO Jeong Seong-jun said, “As we have stably established the culture of living for a month and workation in Korea, we will be able to make a big contribution to the shared accommodation and empty house revitalization sectors through this agreement,” and added, “We will work to ensure that the domestic tourism industry grows in a healthier and more diverse way.”
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