MetroResidences makes its landing in Hong Kong’s corporate accommodation market.
6 February 2018 – Singapore-based corporate accommodations startup, MetroResidences announced its expansion to Hong Kong, offering more business travellers and expatriates a local and guest-centric way to stay.
Hong Kong is the third market in which the business operates in, after its entry to Tokyo, Japan in 2017. The Singapore and Japan team has since garnered over 200,000 nights booked.
The current home listings located in Hong Kong’s business and shopping districts include Wan Chai, Tin Hau, Causeway Bay, Quarry Bay and Central.
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.”
The business adopts a sharing economy model where corporate clients can house their expatriates in homes owned by property owners but fully managed and serviced by the MetroResidences team.
MetroResidences commenced its operations in Singapore in 2014. The startup has raised funding of US$2,800,000 in 2017 from Rakuten, a Japanese electronic commerce and Internet company, and is accelerating its expansion in Asia.