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In March, ULI member leaders based in Shanghai, China, engaged in a discussion on how China’s real estate market has been recovering since end of the “zero COVID” policy in December. ....
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/ Posted on 11 June, 2021 0:01 The pandemic’s work-from-home movement has nudged consumers into the arms of work-friendly hospitality spaces, presenting an unexpected boon to players in the long-stay market. Now, daytime workcation packages have become a life buoy for Asia’s serviced residences, reports Pamela Chow. While recovery to pre-pandemic occupancy continues to elude the hospitality trade, serviced residences have received an unexpected blessing in disguise. Remote work and telecommuting are driving consumers in search of more conducive places to work that can double up as a vacation opportunity – a demand that has driven long-stay players towards more inventive, daily offerings. ....