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The Voice of the Serviced Apartment Industry

‘Apartment of the future’ unveiled in Germany

By ASAP Newsdesk On 29th January 2018 · Add Comment · In Breaking News, EMEA, Front Page, Global News, technology, Trending News
ASAP’s Joyce Cawthorpe was delighted to take part in the official launch of the ‘Apartment of the future’ in Germany on 25 January. Anett Gregorius of Apartmentservice.de – a key collaborative partner of the ASAP – first launched her vision to create the ‘Apartment of the future’ at the SO!Apart conference in Berlin back in [...]
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Vanke debuts in Hong Kong with launch of 29-Storey serviced apartment residence

By ASAP Newsdesk On 26th January 2018 · Add Comment · In Breaking News, China, Serviced Apartment Openings, Trending News
China Vanke has launched its first property project in Hong Kong, announcing that its 105-unit, 29-storey serviced apartment project, The Luna, will officially open its doors in April. Units in the London-designed, newly completed residential tower in Wan Chai district will range in size from 34 to 165 square metres, some offering views of the [...]
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Boutique hotels respond to Airbnb with extended-stay services

By ASAP Newsdesk On 26th January 2018 · Add Comment · In Airbnb, Breaking News, Extended Stay
In an attempt to lure back extended-stay guests from Airbnb and other homestay alternatives, The Standard boutique hotel group has created a new program, Stowaway, that it says gives guests staying a week or longer “a feeling of home comfort.” Stowaway guests at the Standard will enjoy a personal concierge, restaurant reservations, snacks, use of a Tesla and [...]
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STR reports positive hotel industry growth for 2017

By ASAP Newsdesk On 26th January 2018 · Add Comment · In ASAP Business Partners, Breaking News, Front Page, STR Global, UK News
ASAP Business Partner, hospitality data research firm STR, says that as a result of a record-breaking first six months, UK occupancy rates rose by 0.5% to 77.4% during 2017 compared with 2016, with ADR up by 3.6% to £92.32 and RevPAR up 4.1% to £71.49 during the period. In comparison Europe’s occupancy rates rose by [...]
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Ryanair launches new Travel Credit scheme

By ASAP Newsdesk On 26th January 2018 · Add Comment · In Breaking News, Trending News
Ryanair has launched Ryanair Travel Credit, giving 10% credit towards its flights to those booking accommodation via the new, improved Ryanair Rooms website. Read more:
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First dual-branded Hyatt in Asia selected for Taipei Sky Tower development

By ASAP Newsdesk On 26th January 2018 · Add Comment · In Breaking News, Trending News
Riant Capital has unveiled its selection of hotel operator for the highly anticipated Taipei Sky Tower, announcing that the tower will house two Hyatt-branded luxury hotels – Park Hyatt Taipei and Andaz Taipei, the first dual-branded luxury hotel development for Hyatt in Asia. The project is scheduled to be completed in 2020, and Aaron Chan, [...]
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Urban Stay bookings include charitable donations

By ASAP Newsdesk On 26th January 2018 · Add Comment · In ASAP Members, Breaking News, Trending News, Urban Stay Ltd
Since its foundation in 2014, ASAP Quality Accredited Operator Member Urban Stay has grown its portfolio of pet-friendly London accommodation to over 60 units. Now for every booking made Urban Stay will donate £10 to overseas animal charities handpicked by the company’s founders.    
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Occupancy and RevPAR fall at UK hotels in December

By ASAP Newsdesk On 26th January 2018 · Add Comment · In Breaking News, Front Page, UK News
According to a poll by Hotstats of full-service UK hotels, although the year was generally positive for the sector, business trailed off in December with declines in room occupancy and RevPAR. Average room rate nationally in December increased by 1% to £116.43, occupancy fell 0.8% to 70.3% and RevPAR was down fractionally to £81.90. RevPAR [...]
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Airbnb finally profitable, and appoints retiring American Express CEO to its board

By ASAP Newsdesk On 26th January 2018 · Add Comment · In Airbnb, Breaking News, Insights, Sharing Economy, technology, Trending News
Airbnb reached a modest $100 million in cash-flow profitability in 2017, its first, and has announced the appointment of retiring American Express CEO Kenneth Chenault to its board. This seems to be the start of transforming Airbnb into a “21st century company”, including a potential rollout of a loyalty program and commitment to an eventual [...]
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Ascott Residence Trust registers increase of 30% for Unitholders, Q4 2017

By ASAP Newsdesk On 26th January 2018 · Add Comment · In ASAP Members, Breaking News, Front Page, The Ascott Ltd, Trending News
Ascott Residence Trust (Ascott Reit) registered a growth of 30% in Unitholders’ distribution (personally taxable income for investors who own securities in the trust) for the last three months of 2017, to S$43.9 million, compared to the same period in 2016. For the full year 2017, Unitholders’ distribution hit a record S$152.2 million, a 13% [...]
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