As the economic centre of gravity shifts from the West to emerging economies across the globe, serviced apartment providers are seizing new opportunities to cater for the business travel and global mobility markets.

Both Vietnam and Mexico for instance are experiencing rapid economic expansion, and as costs start rising for technology manufacturers in China, Vietnam is even being touted as a possible rival to Silicon Valley.

Providers including The Ascott, SilverDoor, BridgeStreet, Oakwood and Frasers Hospitality, have increased their presence in one or both countries.

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