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SAS Asia: Kevin Wallace on the Vietnamese
serviced apartment market

Kevin Wallace, CEO of T&T Hospitality, gives SAN an overview of the serviced apartment sector in Vietnam. Filmed at the 2019 Serviced Apartment Summit Asia in Bangkok.

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Editor's comment

 08-03-2019

• One of the highlights of January's RECHARGE event in Berlin was an "empty chair" session in which the audience were invited to take the floor and start a debate on a subject they felt strongly about. It was Paul Rands of BridgeStreet who got the ball rolling with a discussion about micro apartments, and just how 'micro' they could get before people found them too small. A poll of the room soon ascertained that people's opinions mainly sat somewhere between 20 and 30 square metres.

 

I was reminded of this session when reading about YOTEL's plans to open three YOTELPAD properties in the Lake Geneva area of Switzerland. YOTEL made its name with its "cabin" hotel rooms - small, yet well designed and functional units which allow a much higher number of keys on a building footprint than other models. It is applying the same principles to the extended stay market with YOTELPAD, where the unit size ranges from - guess what - 20 to 30 square metres.

 

In areas where land prices are very high such as Switzerland - and other YOTEL destinations Miami, Mammoth and Park City, the model makes sense if the customer can be persuaded that an extended stay in such a small space is viable. It's an ambitious move.

 

 

• Don't forget there are still a handful of tickets available for next week's Serviced Apartment Awards, which takes place on March 14th at the Park Plaza Riverside in London. Come and join us as we celebrate the very best people, companies and properties in 18 categories across the sector. It's sure to be a night to remember! Click here to find out more and buy tickets.

 

 

George Sell, editor
george@internationalhospitality.media

 

 

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George Sell

 

Editor

+44 (0)7879 652 447 

  

george@internationalhospitality.media

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Katie Houghton

 

Group head of sales:
media and events

+44 (0)7535 135 116

 

katie@internationalhospitality.media 

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