Connecting people to idle spaces
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by Chupspace - 30/12/2019
- Accomodations
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Chupspace is an online space sharing platform that matches idle hidden spaces and spaces outside of service hours with people who want to borrow or rent.
Small business owners are looking for ways to cover the increasing rental cost, while entrepreneurs are looking for spaces for various purposes, from renting a restaurant during off-hours for their pop-up shop once a month to having video shoot in office desk areas at night.
Since our inception in 2018, we’ve met with entrepreneurs and companies who are constantly looking for a space that they can use. The most interesting one is a booking before Chinese New Year, where hamper companies are looking for a workshop space to pack hampers.
Why do people rent?
Office-based tech startups can always rent a place in co-working spaces, but there are other entrepreneurs who are looking for other types of locations like a yoga studio, kitchen, heritage houses and performance studio for various purposes.
While the concept of borrowing our space has always been around, there are no easy ways for people who are just starting up and not knowing people in the field. For instance, production crews have no easy way to shoot in a cafe on operation hours. Sometimes finding a location takes days or even weeks to search for and get approval from the owner.
Matching site of "people who want to lend" and "people who want to rent"
Owners who have land, buildings, and stores that they are not using had to “lease” or “sell” to use the property. Actually, there are needs such as “I do not use much, but I use it occasionally. I want to lend only for free time.” However, there was no service that could respond to such small needs.
To make it easy for people to book and share spaces, we come up with a platform that connects people to spaces that is previously unavailable. From bars in the morning, houses with tenants, vacant warehouses, private music studios and hundreds of other locations can be borrowed with 3 simple clicks.
Difference from renting from venue
As venues found online are commercialised and more expensive, a lot of times it is not the most affordable choice to go for. Commercial venues typically pay a monthly rent to landlords and sublet it at a smaller fraction (typically 1-3 days) to guests.
On the other hand, in Chupspace, we do not rent a room. The biggest difference between us and venues is that we only find borrowers and matches them, and gives the owner an opportunity to profit from their existing spaces.
Value provided by Chupspace
Attract customers
Chupspace will discover and introduce customers who want to rent a space by conducting various marketing activities on the Internet.
Management system
We provide a reservation management system necessary for operation, such as room availability, reservation status, and customer interaction.
Collection
A transaction function that collects money from users and pays the owner. It provides all the basic functions necessary for an owner to start a space rental business. Providers that provide all the necessary elements for such businesses are called “platforms”.
Creating a new ecosystem
We are creating new business value by renting and borrowing “idle real estate” by the hour. We believe that it will be a platform that can provide the one answer to current social issues, such as the problem of unoccupied houses, which will become increasingly problematic in Southeast Asia.
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