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Frasers moved into hospitality in the 1990s with the creation of the Fraser Place and Fraser Suites hotel and serviced residence brands. By 2002, it had properties in London, England, and Seoul, South Korea. [12] Other brands include Fraser Residence, Modena by Fraser (based in China), and Capri by Fraser (a serviced residence built for long ...
The acquisition was a strategic move by Ascott to access the rapidly expanding middle-class business hotel segment, with about 70% of TAUZIA's hotels catering to business and convention travellers and the remainder to leisure travellers. [16] In 2022, Ascott acquired serviced apartment brand, Oakwood, from Mapletree Investments.
Opened on 23 April 1971, the hotel is Shangri-La Hotels and Resorts' first hotel property. [2] The hotel has 792 guestrooms and suites, [3] as well as 127 serviced apartments, which require a minimum stay of six nights to be booked, along with 55 condominium units which necessitate longer stays of at least three months. [4] [5]
Raffles Hotels & Resorts is a Singaporean chain of luxury hotels which traces its roots to 1887 with the opening of the original Raffles Hotel in Singapore. [2] The company started to develop internationally in the late 1990s. Since 2015, Raffles has been a part of Accor. [3] [4]
The majority of CDL's hotels are operated under the Millennium & Copthorne Hotels brand, which spans many countries around the world. [91] Other hotels owned by CDL include The St. Regis Singapore, [92] W Singapore Sentosa Cove, [93] JW Marriott hotel in South Beach [94] and Millennium Hilton Bangkok in Thailand. [95]
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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
The hotel group also operates serviced suites in both Pan Pacific and Parkroyal brands. In 2008, the brand launched its first extended-stay property with Pan Pacific Serviced Suites Orchard, Singapore. In 2010, it opened Pan Pacific Serviced Suites Bangkok and in 2013, Pan Pacific Serviced Suites Beach Road, Singapore, welcomed its first guests.