ZEN Rooms Philippines, a digital-accommodations booking application, is set to acquire and manage 700 more Zen Homes—fully operational budget-serviced apartments—toward the end of 2018.
Benjamin Nicolas, the company’s country manager, said his group aims to end the year with 1,000 fully operational Zen Homes, after posting positive results a few months after its launch.
“We are now aggressively expanding in other strategic locations, such as Quezon City, Manila and Cebu. We will acquire and manage 700 new Zen Homes by year-end, reaching a total of 1,000. This market segment is growing, and we are so favorably positioned that it makes sense for us to continuously thrive here,” he said.
Currently, the company has a portfolio of about 300 Zen Homes, which have an occupancy rate of 94 percent.
Zen Homes are fully equipped units with hotel-like services and amenities—swimming pool, fitness center, spa and entertainment room—located in high-end condominiums in central business districts and upscale areas, starting from only P2,000 per night, all inclusive.
“Our Zen Homes have found resonance with business travelers, tourists and staycationers who are looking for affordable options within Manila’s central business districts,” Nicolas said.
Zen Homes are currently available in Bonifacio Global City, Makati and Ortigas.
They are said to gives high level of satisfaction to its customers, as exemplified by the company’s 8.8 out of 10 average rating on all online travel-agent sites.
“For the past year, we have built on the reputation of providing the only value-for-money accommodation in areas where five-star hotels and amateur Airbnbs were the only options,” Nicolas said.
Zen Rooms, a company backed by Rocket Internet, is now the top-rated hotel chain in Southeast Asia, and operates more than 6,000 rooms across 50 cities, in seven countries.