Centre Point Shifts Strategy to Hotels
One of Thailand's largest serviced apartment owner operators Centre Point Hospitality are changing course and looking to delve deeper into the hotel market.
Motivating the drive is Thailand's skyrocketing tourism numbers and a changing landscape in the long stay sector.
Leading up to the Global Financial Crisis and beyond the geographic source of business has rapidly shifted and the new paradigm is shorter stays.
Currently the group has a portfolio which includes seven hotels in key locations across Bangkok.