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The Voice of the Serviced Apartment Industry

Oyo acquires co-working business Innov8 for $30m

By ASAP Newsdesk On 17th July 2019 · Add Comment · In APAC, Breaking News, Coworking, Global News, Trending News
Having expanded its budget hotel chain business to over 80 countries, India’s Oyo, which numbers Airbnb among its high-profile investors, is now targeting co-working spaces. Oyo Workspaces is already operational in 20+ centres across 10 cities in India, with the capacity to serve more than 15,000 people. It aims to make it the largest co-working [...]
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Airbnb predicts more APAC growth

By ASAP Newsdesk On 16th July 2019 · Add Comment · In Airbnb, APAC, Breaking News, Global News, Trending News
Airbnb currently claims more than one million listings in the Asia Pacific region, but sees further potential for expansion in markets from India and China, Vietnam to Indonesia. It will double its marketing investment in India in 2019, while it states China will become its number one origin market globally by 2020. Read more:
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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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VisitBritain on importance of Premier League to UK tourism

By ASAP Newsdesk On 18th June 2019 · Add Comment · In Breaking News, Trending News, UK News, Visit Britain
VisitBritain’s ‘International Football Research’ report has shown the power of the Premier League in driving inbound tourism, as more than three-quarters of football fans surveyed – especially those from China, India and the USA – intend to visit the UK during the next two years. The Premier League has a greater pull for tourists than [...]
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India’s OYO to launch in Scotland

By ASAP Newsdesk On 21st May 2019 · Add Comment · In Airbnb, Breaking News, Edinburgh, Glasgow, India, Trending News, UK News
OYO, the fastest-growing hotel operator in India, has launched an expansion push in Scotland following its first UK operation in London last year. So far it has partnered with four small hotels across Scotland, offering them access to marketing and technology they may not otherwise enjoy. Two in Edinburgh, one in Hamilton and one in [...]
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Urban co-living starting to grow across India

By ASAP Newsdesk On 17th May 2019 · Add Comment · In APAC, Breaking News, Co-living, Global News, India, Trending News
Co-living is one result of demand for rental housing solutions from millennials, students and young professionals whose choices differ from previous generations, especially young and unmarried millennials aged between 20 and 30. Co-living spaces allow residents to mingle and interact while providing privacy, generally offering fully managed spaces like serviced apartments, but offering customisation such [...]
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Hotelbeds and Oyo announce strategic distribution partnership

By ASAP Newsdesk On 16th April 2019 · Add Comment · In Americas, APAC, Breaking News, EMEA, Global News, India
Fast-growing Oyo Hotels and Homes has signed a distribution deal with accommodation wholesaler Hotelbeds as it looks to take a bigger slice of the global travel market. The tie-up gives Oyo access to Hotelbeds’ network of 60,000 travel-buying intermediaries, including travel agents, tour operators, and airlines in more than 140 markets. In turn, companies using [...]
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Change is coming – hold onto your hats!

By ASAP Newsdesk On 10th April 2019 · Add Comment · In ASAP Business Partners, ASAP Members, ASAP News, Breaking News, Front Page, GenZ, Millennials, Savills, The Ascott Ltd, Trending News
In our sector, our forward-looking, thoroughly modern part of the hospitality industry, we’ve found ourselves having to stay on top of trends, to future-proof our operations. On our own newshub platform forum alone we have reported on the rise of millennials and digital nomads; on the reducing size of hotel rooms as developers get clever [...]
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India to lead co-living in APAC, OYO and WeWork show interest

By ASAP Newsdesk On 8th April 2019 · Add Comment · In APAC, Breaking News, Co-living, Global News, Trending News
India is likely to add 150 million urban residents over the next 15 years, leading to a huge rise in co-living according to JLL India. Co-living spaces are generally rented residential units offering private bedrooms and communal kitchens and leisure spaces. Around 10 million of the more than 35 million students in India are likely [...]
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Airbnb to invest as much as $200 Million in India’s budget chain Oyo

By ASAP Newsdesk On 2nd April 2019 · Add Comment · In Airbnb, APAC, Breaking News, China, Global News, India, Trending News
Airbnb has confirmed it is to invest in the Series E funding round for Oyo Hotels & Homes, estimated at between $100 million and $200 million. Up until this round, Oyo has raised $1.7 billion, the latest being $100 million. Working together means Airbnb will be able to increase its growing focus on hotel business [...]
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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 [...]
  • Airbnb posts $3.9 billion loss in first report as public companyAirbnb posted declining revenue and a $3.9 billion loss in [...]
  • ASAP welcome Metro Hotel Dublin Airport into Membership!We extend a very warm welcome to Metro Hotel Dublin [...]
  • How Boris Johnson's roadmap to ease UK restrictions might play outThe Prime Minister will reveal the UK Government’s roadmap out [...]
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