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The Voice of the Serviced Apartment Industry

Tourism still outpacing economic growth globally

By ASAP Newsdesk On 8th March 2019 · Add Comment · In Americas, APAC, Breaking News, EMEA, Front Page, Global News, Trending News
IPK’s World Travel Monitor shows the number of outbound journeys grew by 5.5% last year, resulting in 1.4 billion international trips, while in comparison, the global economy grew by 3.7%. Major growth has come from mature markets in Europe and North America, while the strongest gains came from emerging Asian (7% growth) and Latin American [...]
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Hotel brands’ partnership approach toward corporate travel market

By ASAP Newsdesk On 18th October 2018 · Add Comment · In Americas, ASAP Business Partners, Breaking News, Global News, STR Global, Trending News
This Business Travel News article discusses the challenge for hotels in North America, finding it difficult to raise profits in line with high occupancy and to stand out in a crowded market where consumers have high expectations and loud voices. ASAP Business & Distribution Partner STR currently forecasts US hotel demand growth will continue to outpace supply [...]
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Variety of vacation rental technology firms are raising funds for expansion

By ASAP Newsdesk On 24th August 2018 · Add Comment · In Airbnb, Alternative accommodation, Insights, Trending News
Evolve Vacation Rental Network has just raised a further $80 million in capital, making a total of $103 million raised since it was founded in 2011, which will be used to solidify its expansion in North America and the Caribbean. Evolve manages 9,000 properties, up from 4,000 a year ago, on behalf of second homeowners, to maximise [...]
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Blog: growth in serviced offices and apartments leading towards gender equality

By ASAP Newsdesk On 11th January 2018 · Add Comment · In Breaking News, Insights, Trending News
This blog about gender inequality in the property and construction industry in WorkplaceInsight.net discusses how despite compelling evidence of the financial benefits of gender diversity, including a McKinsey survey of 350+ large public companies which found a 2-4% increase in profits for every 10% improvement in gender diversity, too many sectors remain stubbornly male dominated. [...]
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Ctrip-backed Chinese booking sites plan merger

By ASAP Newsdesk On 3rd January 2018 · Add Comment · In Breaking News, China, Insights, OTA, technology
The agreed merger of two of China’s main online booking sites, Tongcheng Network and eLong to form Tongcheng-Elong, will count China’s largest online travel agency, Ctrip, and Tencent as major shareholders. Ctrip has been involved in both companies since 2014 and 2015 respectively, while tech firm Tencent is the owner of WeChat, offering online traffic [...]
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Extended Stay America is replacing its CEO as competition intensifies

By ASAP Newsdesk On 20th December 2017 · Add Comment · In Americas, Breaking News, Extended Stay, Global News, Trending News
Extended Stay America has announced a change of CEO from January 1, with the current chief financial officer Jonathan S. Halkyard stepping in, while the current president and CEO will serve as a senior advisor until March 18. The current treasurer and vice president of financial planning and analysis will serve as acting chief financial [...]
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Cendyn strengthens presence in Europe with new German office

By ASAP Newsdesk On 20th October 2017 · Add Comment · In Breaking News, Insights, technology
Hospitality CRM and sales platform Cendyn has announced the opening of a second office in Europe to join the existing headquarters in the UK, this time in Munich. As well as the European offices, Cendyn has a presence in Singapore and across north America with 30,000+ clients across the globe, and offers software services for [...]
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Travel still absent from 100 Best Global Brands – but Airbnb might make it in future

By ASAP Newsdesk On 11th October 2017 · Add Comment · In Airbnb, Breaking News, Insights, Trending News
For the ninth year running, Interbrand’s latest list of the 100 Best Global Brands, topped by Apple, Google and Microsoft, does not feature the travel industry. To be included, a brand must transcend geographic and cultural boundaries. 30% of revenue must come from outside of the brand’s home region, and it must have a significant presence in [...]
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Record June for number of overseas visits to the UK

By ASAP Newsdesk On 18th August 2017 · Add Comment · In Breaking News, Front Page, UK News
According to new figures from VisitBritain, there were a record 3.5 million visits to the UK in June, up 7% on the same month last year with spend also up 2%. Visits from North America rose by 35% over the same month last year. It brings the overall number of overseas visits to the UK in [...]
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Corporate Stays opens first boutique in North America

By ASAP Newsdesk On 14th July 2017 · Add Comment · In Americas, ASAP Members, Breaking News, Corporate Stays, Global News, Trending News
Casa Suarez, offering a collection of bohemian-chic exotic wood furniture, officially opens its doors on 17th July 2017, marking Montreal’s first boutique belonging to Corporate Stays in North America. President and Founder, Vladimir de Suarez, has set out to bring in the best decor and furniture made of natural and long-lasting materials such as wood, [...]
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  • 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 [...]
  • 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 [...]
  • Welcome You Are Home into ASAP Membership!ASAP are delighted to welcome on board You Are Home [...]
  • Travel ‘must be included in prime minister’s roadmap’ say industry leadersIndustry leaders are demanding that the UK Prime Minister’s ‘pathway [...]
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