Reading Time: 2 minutesUS: Extended stay occupancy rates continue to rise in the United States, nearly matching pre-pandemic levels.
Reading Time: < 1 minuteChina: Minor Hotels has formed a JV with Funyard Hotels & Resorts that will oversee development, operations, and sales and marketing of seven Minor Hotels brands in China.
Reading Time: < 1 minuteUS: Extended Stay America has assigned 25 “new or completely renovated” properties to its new higher price point brand.
Reading Time: 2 minutesGermany: Coliving company Habyt has merged with a competitor and closed a large series B round of funding.
Reading Time: 2 minutesUK: Scape has opened its first property under its new coliving brand, Living by Scape, in Guildford, Surrey.
Reading Time: 2 minutesUK: The Reading Borough Council has unanimously approved plans to develop a town centre building into a market and aparthotel.
Reading Time: 2 minutesVietnam: After a difficult pandemic year, serviced apartment rental prices in Ho Chi Minh City have continued to drop in recent months.
Reading Time: < 1 minuteUK: edyn has launched the Cove serviced apartment brand, and will open the first Cove-branded property in Liverpool.
Reading Time: < 1 minutePortugal: Student and coliving group BigCity and Reditum Capital have agreed joint venture funding for the development of a PBSA project in Porto.
Reading Time: 2 minutesGermany: SMARTments business, the aparthotel brand of developer GBI, has selected IDeaS G3 Revenue Management System (RMS) to deliver automated, dynamic pricing and forecasting across its growing portfolio.
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