Ascott to double 'hotel-in-residence' in Japan within 5 years

TOKYO -- Singaporean hospitality company Ascott plans to double the number of accommodations it operates in Japan within the next five years, especially those fit for longer stays, the company's executives told Nikkei Asia in an interview.

Ascott, one of the largest serviced apartment and hotel operators, will open its new facilities called "hotel-in-residence" in Japan, aiming to attract both short-term travelers and long-term residents. It offers accommodation from one or a few days like a hotel to months and years like a serviced apartment.