Pan Pacific Hotels Group (PPHG) will add more than 4,000 keys to its serviced suites portfolio by 2023, aided by fresh openings in key gateway cities such as Bangkok, Hanoi, Jakarta, Kuala Lumpur and Nairobi.
The latest wave of expansion is said to be catalysed by strong performance in the extended stay segment, according to CEO Choe Peng Sum.
“The extended-stay segment has continued to bring us strong performance, even more so in the last two years. We foresee that this market will continue to grow as demand increases for corporate long-stay and relocation in regional business hubs,” said Choe.
“Our expansion secures our position in key gateway cities and prime locations around the world, giving us the edge to capture the burgeoning long-stay demand in developing markets and key business hubs.”
PPHG’s serviced suites portfolio most recently presented Parkroyal Suites Bangkok on November 15. It will be joined in a few days’ time by Pan Pacific Serviced Suites Kuala Lumpur, opening December 1.
The portfolio will welcome even more additions come 2023 – Pan Pacific Serviced Suites Nairobi and Parkroyal Serviced Suites Hanoi in early-2023, and Parkroyal Serviced Suites Jakarta in July 2023;
Pan Pacific Serviced Suites Nairobi is the company’s first foray into Africa, while Parkroyal Serviced Suites Jakarta is its first in Indonesia.