A sub-brand of the established Citadines serviced residence brand, Citadines Connect business hotels with limited services cater to highly mobile, constantly connected travellers. @Ascott_Ltd
ÊAcomodeo, founded in 2015 by David Wohde and Eric-Jan Krausch, received a mid-seven-digit investment volume for global expansion. As a first step, three international offices will be opened to expand business in India, Southeast Asia and the USA.
According to a MagicStay.com study, 20% of business travelers have already chosen alternative accommodation on one of their trips and 42% of respondents confirmed that they have considered it.
The corporate housing and serviced apartment provider is planning aggressive global portfolio growth in APAC, EMEA and the United States.
The combination of serviced apartments and serviced offices in one building is one way serviced apartment operators are expanding their business and broadening the target audience.
Savills Extended Stay report predicts the serviced apartment sector is set to at least double and be the UK’s fastest growing hospitality segment in the next 2 years.
Acomodeo is launching an independent booking platform to pool global inventory from more than 100,000 serviced apartments in 106 countries and make it searchable as well as directly bookable.
A survey of lenders, operators, developers and investors in Europe, conducted by HVS London, suggests the majority are keen to participate in the growth of serviced apartments, but there needs to be more consolidation, transparency in data, and greater deal volume for it to move away from being a niche market.