MetroResidences Makes Its Landing In Hong Kong’s Corporate Accommodation Market
7 February 2018 - Singapore-based corporate accommodations startup, MetroResidences officially launched its operations in Hong Kong, offering business travellers and expatriates a more local and guest-centric way to stay.
Operating in the sharing economy, MetroResidences curates apartments from property owners and fully manage them as serviced apartments for monthly stays. Every unit is required to meet the MetroStandards, a criteria set that establish the suitability of the property for its corporate guests.
The criteria covers: 1. Apartment furnishing; 2. Quality of the apartment and its vicinity; 3. Ease of access to nearby transportation options
This business model allows MetroResidences to price the listings lower than traditional luxury hotels and serviced apartments. The current home listings are located in business and shopping districts such as Wan Chai, Tin Hau, Causeway Bay, Quarry Bay and Central.
Simplifying search With a mission to help corporate clients simplify the search process, MetroResidences provides a customised sourcing service to propose the suitable apartment based on the clients’ booking requirements. Alternatively, users may select their location and apartment size filter and shortlist their preferred choices to receive a quotation within one business day.
People-powered experience Moving into a new environment posts many uncertainties to most travellers. To help guests adjust to the new accommodation environment, MetroResidences’ mobile Front Office team personally meet and greet every guests at the property during check-in, and remains in contact during the stay period to address any potential question or issue. Wesley Tang, Country Manager (Hong Kong) commented, “Hong Kong is one of the prime business hubs in Asia and is also among the highly visited places in the world. We foresee a strong demand for short to long-term stays from corporate travellers and even athletics. MetroResidences is about providing the market with an affordable living space without compromising the quality of stay that every modern traveller deserves.” MetroResidences was incepted in Singapore in 2014 and has expanded to Tokyo, Japan in 2017. The startup has raised funding of US$2,800,000 (over 21 million HKD) in 2017 from Rakuten, a Japanese electronic commerce and Internet company, and is accelerating its expansion in Asia.
About MetroResidences MetroResidences is an apartment booking platform that connects corporate clients to residences managed, furnished and serviced by the team. Each apartment is curated, taking into account the location, price, quality and amenities, to fit the standards of modern living. The company was incepted in 2014 and has housed executives from over 2000 companies.