In this article, serviced residence chiefs discuss how hospitality consolidation and competition from home rentals are shaping their expansion and distribution plans.

Lee Chee Koon CEO, The Ascott, discusses taking a stake in Tujia.com International, China’s largest and fastest-growing online apartment sharing platform, to cater to the booming middle-class travel segment, as well as partnering with Chinese e-commerce giant Alibaba Group’s online travel service platform, Alitrip, to reach over 100 million Chinese travellers.

Choe Peng Sum , CEO, Frasers Hospitality outlines mergers and acquisitions in the hospitality sector, including their own purchase of Malmaison Hotel du Vin group, and discusses the need to meet customers’ requirement for instant gratification and technology advancements.

Pan Pacific Hotels Group, Lanson Place, Far East Hospitality and Onyx Hospitality Group also discuss the sharing economy, expansion plans and the changing trends and needs of professionals, millennials and younger families who are relocating within Asia-Pacific.

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