ASAP Member Frasers has converted some of its Australian hotel rooms to traditional residential rentals, spread across four Frasers hotels in the CBDs of Sydney, Melbourne, Brisbane and Perth.

Daily rates have made way for weekly rents which are in line with the traditional rental market on stays between three and 12 months.

Clients are already signing up for a variety of reasons, from needing to be housed closer to work to those who have temporarily downsized due to changed economic circumstances. They also have tenants with short-term needs who want more security and certainty than informal Airbnb-style options.

Hotels in the area are also offering day rates for people looking for peace while they work away from their normal offices, and housing health professionals closer to their hospitals.

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