- Monday, 30 July 2012 09:09
Article Read: 490
Quest Serviced Apartments was awarded the Innovators Award at the Australia New Zealand Pacific Hotel Investment Conference last week,
in recognition of the company's long term leading role in driving the sustainable growth of the serviced apartments market.
The award is the first of its kind, specifically acknowledging the success of the Quest business model in the accommodation industry. The model caters for the extended stay business traveller with flexible, spacious and comfortable serviced apartment accommodation, delivers sustainable rent to developers and landlords, meets the requirements of financiers and provides profitable businesses for franchisees.
On accepting the award at ANZPHIC, Quest Serviced Apartments chairman Paul Constantinou said, "We have positioned ourselves as a market leader, establishing a serviced apartments sector that now represents 25% of Australia's accommodation market, up from 10% in 1999.
"Over the past 24 years, the Quest Group has grown to over 140 properties throughout Australia, New Zealand and Fiji. Our focus is the corporate traveller market, accounting for 80% of guests across our network. One of the key components of our strategy is to respond to the location and accommodation requirements of the business traveller, following the new development corridors of major cities, suburban growth centres and regional hubs." Mr Constantinou said.
In the next four months alone, four new properties will open, in Bundoora (Vic) in August, Whyalla (SA) in September, Sydney Olympic Park (NSW) in October and Albion (QLD) in November.