New Branded Residences Option
For developers and travelers the Preferred Hotels and Resorts group has rolled out a non-traditional accommodation model.
Preferred Residences is aimed at villas, condos and bungalows and already has built up an initial inventory of properties
The move is a popular one, recently hotel site Booking.Com launched the Villas.Com offering.
Expect more mainstream interest by OTA's and the distribution sector into this emerging accommodation niche.