As cities grapple with the challenges of providing quality accommodation, Tom Walsh, Co-Founder and CEO of Staycity Group, explains how Staycity’s unique offering contributes much-needed quality options to cities while providing visitors with a perfect blend of home and hotel. Staycity started with one apartment in Dublin in 2004 and now operates serviced apartments in 14 cities across Europe.
Walsh stated, “We have done a lot of introspection during the pandemic, turning adversity into opportunity, and now Staycity is in the middle of a really fast growth phase. The Group has drawn in EUR 1.5 billion of investor funding to develop real estate. We are well-capitalized, have liquidity, and will open an additional 1,000 aparthotel rooms in Dublin over the next ten months. They will be across four beautifully designed, brand new buildings in the heart of the city center. Some of the buildings are only a stone’s throw away from bustling Trinity College, a top tourist destination in Dublin. We are rapidly expanding across Europe, most notably in the UK, France, Germany, and Italy, and Staycity’s operations will double in size by April 2022. We are going from 2,700 keys in 20 aparthotels to 5,500 keys, in at least 32 aparthotels.
“Beyond Europe, the USA also has untapped potential for well-run aparthotels. We know Americans are used to a high level of service and excellence, and I can say with a degree of pride that our Staycity team delivers in both of these elements. Independently verified online ratings and feedback consistently show we strive to provide excellence in customer service. There is the possibility for a new Manhattan Staycity in the future and growth into the USA market.”