Accor announces the launch of the "Apartments & Villas" website, entirely dedicated to the rental of private residences and extended stay hotel properties, enabling guests feel at home anywhere in the world. The site makes more than 50,000 apartments, villas and chalets available, drawing from Accor’s 15 extended stay hotel brands (including Adagio, Mantra, and Hyde Living), as well as the company’s portfolio of branded private residences which are privately owned and frequently included in managed rental programs (Raffles Residences, Banyan Tree Residences, Delano Residences, Fairmont Residences, SLS Residences, etc.) and one-of-a-kind private rentals (onefinestay), in over 350 destinations.
The Covid-19 crisis has transformed the way we live, work and travel. Branded Residences, which typically combine private home ownership with luxury branding and a comprehensive menu of hotel and residential services, have proven to be very resilient, with an increasingly diverse pipeline and record growth. In ten years the sector has grown by 170% and despite a difficult context, 2020 should be another record year with the opening of more than 100 additional projects, according to the recently published Savills 2020 Spotlight on Branded Residences: “We see increasing demand for residentially designed short term rental accommodations, as consumers seek out accommodations which enable more privacy and self-sufficiency and include features like extra living space and generous outdoor space”, says Riyan Itani, Head of Savills International Development Consultancy.
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