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The Voice of the Serviced Apartment Industry

Modest price rises predicted worldwide for hotels in 2020

By ASAP Newsdesk On 29th July 2019 · Add Comment · In Breaking News, Insights, Trending News
American Express Global Business Travel’s Hotel Monitor 2020 predicts that hotel prices in most key cities worldwide will experience only modest rises next year. Rising hotel construction combined with international trade tensions will restrict hotels’ ability to raise room rates, with European forecasts affected by Brexit uncertainty. Germany and the UK lead the hotel construction [...]
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Chennai, India – hospitality sector crippled by water crisis

By ASAP Newsdesk On 26th June 2019 · Add Comment · In APAC, Breaking News, Global News, India, over-tourism, Trending News
One of the biggest and most-visited cities in southern India, Chennai, is facing a severe water shortage for the third successive year, affecting the hospitality sector. After three years of poor monsoon rain, increased urbanisation and the absence of year-round bodies of water, the drought has led to the largest sources of drinking water becoming [...]
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Fraser Suites Hamburg opens in north Germany

By ASAP Newsdesk On 9th May 2019 · Add Comment · In ASAP Members, EMEA, Frasers Hospitality, Front Page, Global News, Serviced Apartment Openings, Trending News
ASAP Member Frasers Hospitality has launched Fraser Suites Hamburg, occupying the historic Oberfinanzdirektion, a listed building dating back to 1907. The renovation has restored or preserved key features such as chandeliers, the marble columns in the foyer and the wrought-iron railings of the main staircase. The property offers 154 furnished rooms, almost a third suites. [...]
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Ascott launches 14 new properties including three Lyf in China, Malaysia and Japan

By ASAP Newsdesk On 9th April 2019 · Add Comment · In APAC, ASAP Members, Breaking News, EMEA, Global News, The Ascott Ltd, Trending News
ASAP Member Ascott has closed contracts to manage 14 properties with over 2,000 units across eight countries – China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi Arabia. Three of the 14 new properties are under its coliving brand, a 131-unit lyf in Fukuoka in Japan targeted to open in 2020, lyf Raja Chulan Kuala [...]
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Ascott launches first Ascott The Residence in Germany

By ASAP Newsdesk On 9th April 2019 · Add Comment · In ASAP Members, Breaking News, EMEA, Front Page, Global News, The Ascott Ltd, Trending News
ASAP Member Ascott will make its first steps into Germany with the lease of 5200 sqm within the upcoming RIVERPARK Tower in Frankfurt, to create 100 serviced apartments under its “Ascott The Residence” brand. Ascott Riverpark Tower Frankfurt, which will operate over 5 storeys, will begin construction early next year, expected to open in 2022. [...]
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Savills expands its Workthere coworking brand to US

By ASAP Newsdesk On 18th February 2019 · Add Comment · In Americas, ASAP Business Partners, Breaking News, Coworking, Global News, Savills, Trending News
ASAP Business and Distribution Partner Savills has announced the launch of Workthere, its listing platform helping businesses find flexible, coworking and serviced office space globally, in the US. Workthere launched in 2017 in the UK and now exists in seven countries, with local client teams in Singapore, Germany, France, Ireland and The Netherlands. The first [...]
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Cycas appoints Matt Luscombe as its first CEO

By ASAP Newsdesk On 12th February 2019 · Add Comment · In Appointments, ASAP Members, Breaking News, Cycas Hosptality, EMEA, Front Page, Global News, Trending News
ASAP Member Cycas Hospitality has announced the appointment of former IHG senior leader Matt Luscombe as Chief Executive Officer, to help triple its European portfolio to 10,000 rooms by 2022. Matt brings almost 20 years’ ‘hospitality and consumer experience, including ten senior leadership positions at IHG, most recently as Chief Commercial Officer for Europe, where he worked [...]
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Cycas enters Germany, to manage Marriott’s Element Frankfurt Airport hotel

By ASAP Newsdesk On 9th January 2019 · Add Comment · In ASAP Members, Breaking News, Cycas Hosptality, EMEA, Front Page, Global News, Trending News
ASAP Member Cycas Hospitality has signed its first property in Germany, with a deal to operate the 133-suite extended-stay Marriott International property, Element Frankfurt Airport. This is Cycas Hospitality’s tenth European hotel and sixth airport property, as well as its the fifth long-stay brand alongside Staybridge Suites (IHG), Residence Inn (Marriott), Hyatt House and South [...]
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Germany has most hotel projects in the pipeline in Europe, UK second

By ASAP Newsdesk On 3rd December 2018 · Add Comment · In Breaking News, EMEA, Global News, Trending News
Germany has the most rooms under construction in Europe, more than the UK, according to the latest TOPHOTELCONSTRUCTION database. In October, around 26% of all rooms under construction in Europe were in Germany, with 379 new hotel projects from a total of 1,458 new hotel properties under construction. The United Kingdom has second most, with 263 [...]
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SO!APART 2018 – conference report and award winners

By ASAP Newsdesk On 19th November 2018 · Add Comment · In Aparthotel, ASAP Members, Breaking News, EMEA, Front Page, Global News, Short Stay Group Amsterdam, Trending News
The sixth conference SO!APART invited various industry players to Leipzig on 14 and 15 November 2018 to discuss the future for the serviced apartment sector, the needs of its diverse clientele and whether aparthotels have served their time. The sector was described as currently reinventing itself, with stronger acceptance in the UK than in Germany, but with great dynamism [...]
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  • Millennials' tastes are changing the hotel experienceFrom bedding to YouTube Hotel chains are focusing more on [...]
  • New RM1bn investment in Aeropod to include Serviced ApartmentsDeveloper S P Setia is looking to invest in retail offices [...]
  • Hotel Buddy – a staffless Hotel for Millennial city travelersFollowing the Millennial trend for business and leisure travel without [...]
  • A welcome for chancellor’s £40m industry fund for tourismASAP joins UKinbound and the Tourism Alliance in welcoming the [...]
  • Plans for 36-storey co-living scheme in SalfordA Manchester-based developer has submitted plans for a 36-storey mixed [...]
  • ASAP continues to grow globally with the acquisition of ASAP NLASAP partnered with the ASAP NL to form the first [...]
  • Police: Nottingham party-goers trying to dodge £10,000 fines by booking Airbnb propertiesOfficers descended on a property in Nottingham on Saturday April [...]
  • Kamran Ahmad joins Flying Butler Apartments as Finance DirectorASAP Member Flying Butler Apartments has announced Kamran Ahmad as [...]
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    on ASAP Members can […]
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    on CorporateStays.com partners with […]
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