Lodging rental company Airbnb’s co-founder and chief technology officer, Nathan Blecharczyk, expressed confidence in the Taiwan market on his visit to country on Friday.

Blecharczyk said Airbnb currently has no offices in Taiwan, but his attitude toward the regional market is optimistic, and his firm is open to new discussions and possibilities.

When asked if the company has any specific plans to expand in the region, Blecharczyk responded that it is still “too soon to know.”

According to Inside.com, Blecharczyk and his colleagues from Airbnb met with government officials at the Executive Yuan on Friday. Blecharczyk told reporters he was happy to see the Taiwanese government highly interested in their concept of “home sharing.”

Taiwan is among one of the dozens of cities and countries Airbnb has been negotiating with in recent years.

According to Airbnb, there were 320,000 foreign visitors who rented rooms in Taiwan through the platform last year. At the moment, there are 190,000 users and 10,000 homeowners in the nation on Airbnb. The vast majority are located in Yilan, Hualien, Pingtung and Penghu.

Business in Taiwan is currently managed by Airbnb’s Singapore office. Company officials said the growth rate in Taiwan this year has been four times greater than previous years.

Airbnb stated the country plays a crucial role in the global tourism market. According to the company, Taiwan is a hot destination for light traveling and has a lot to offer in terms of culture and convenience.

The “sharing economy” behemoth Airbnb was founded in 2008, and has its headquarters in San Francisco. Through the platform, homeowners can rent out vacant rooms, and receive payments from guests as short-term “landlords.”

In less than 10 years’ time, the fast-growing website has established a global presence in 190 countries and 34,000 cities. Over 50 million people have used their services. At its peak, a record-breaking 1 million Airbnb guests were staying in somebody’s home in a single night, the Central News Agency reported.

Concerns about the home-sharing business model have also been a heated topic of debate. When reporters brought up issues relating to fire evacuation procedures and security, Blecharczyk said they have designed a thorough leasing plan for homeowners, as well as feedback systems to ensure the lodging quality for users.