Accor hits 45,000 keys under extended stay portfolio

Many other recent launches include Pullman Living Dongguan Forum in China, although Accor’s front runner “aparthotel” brand Adagio celebrated its 15th birthday in 2023 with the introduction of 11 brand-new properties throughout five continents.

He adds that Accor has an “unmatched” profile of prolonged stay companies to service any kind of visitor type. Different organizations under Accor’s extended stay profile include Mercure Living, Swissôtel Living and Mövenpick Living. It additionally offers extended remain options through companies such as Fairmont, Sofitel, Mondrian, Hyde and The Sebel. Additionally, it has 33,000 special villas, condos, and branded residences run in rental programs.

International hospitality group Accor currently has 45,000 keys throughout greater than 380 estates and 14 brand names underneath its extensive stay profile, that includes serviced condos and nonpublic leasing properties. In an Oct 24 press release, the group states it is now the global’s biggest player beyond of the US within this group, backed by a higher compression of properties across Europe and Asia.

Accor says it has more extensive stay real properties in the pipeline, consisting of all new locations for Novotel Living as well as several luxury serviced condominium projects in Riyadh, for example, the 250-key Sofitel Serviced Residences Riyadh.

“The acceleration of demand for prolonged stay real estates is a global phenomenon, driven by a demographic shift amongst visitors that are taking longer trips, mixing company with recreation, and exploring destinations extra fully,” says Morin.

Hillhaven Singapore

“With brand-new traveling habits holding and more individuals looking for longer stays, Accor has continued to do what we do most ideal– lead the markets where we have immersed roots, strong connections and a highly effective presence– including Europe, the Middle East and Asia Pacific,” states Jean-Jacques Morin, Accor sub CEO and premium, midscale and affordability division chief executive officer.

Accor’s progression in the extended stay sector has actually been boosted by brand-new openings for its Novotel Living label, a broadening of midscale resort brand Novotel. More recent developments for Novotel Living include real estates in Bangkok, Saigon and Kazakhstan. In Singapore, the company opened Novotel Living Singapore Orchard– a rebrand of the past 8 on Claymore Serviced Residences– in June 2022.

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