In Manila, the recently workforce has taken to staycations, and many are tapping into the trend for serviced apartments.

This article references ASAP’s definition of serviced apartments as offering facilities much like a traditional hotel but with added space, convenience and privacy as if one were in his or her own home. In Manila on average, a one-bedroom unit has the amenities of a traditional five-star hotel but lower in cost by about 40%.

The author further references cotels.co.uk and the 2015/16 Global Serviced Apartments Industry Report around the 80% growth in the sector since 2008, and Huffington Post’s 2016 report, “The New Trend Shaking Up The Hotel Industry”.

ASAP member Ascott opened its sixth property in the Philippines in July, across its Somerset and Citadines brands.

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