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- The Singapore head-quartered group to launch PARKROYAL Serviced Suites Hanoi, Vietnam as it targets fast-growing long stay market
- With eight new hotels and serviced suites in the Southeast Asia pipeline, the region continues to be a key focus area for the Group
- The launch is part of the Group's Version 2.0 strategy focused on developing and enhancing its portfolio to meet evolving customer needs
SINGAPORE, Sept. 25, 2025 /PRNewswire/ -- Pan Pacific Hotels Group (PPHG), the hospitality arm of Singapore-based UOL Group Limited, continues to strengthen its presence in Southeast Asia as it announces the launch of PARKROYAL Serviced Suites Hanoi, marking the latest milestone in a steady pipeline of regional openings.
Southeast Asia is a vibrant, opportunity-rich region with strong fundamentals supporting long-term growth in travel, business, and investment. According to an industry report[1], the region's tourism industry continues to recover with more than 121 million international travellers visiting the region in 2024.
PARKROYAL Serviced Suites Hanoi is the Group's third property in Vietnam and underscores PPHG's long-term commitment to the region. It follows recent launches of PARKROYAL Serviced Suites Jakarta, Pan Pacific Jakarta, and Gurney Bay Hotel, a PARKROYAL Hotel in Penang and is among eight new properties planned across Vietnam, Cambodia, Thailand, Indonesia and the Philippines over the next two years. PPHG now operates a total of 23 existing properties in Southeast Asia.
Tapping into Vietnam's Growth
The latest launch of PARKROYAL Serviced Suites Hanoi comes amid Vietnam's robust economic momentum, with GDP growth reaching 7.09% in 2024 and a strong tourism rebound that saw 17.6 million international arrivals, with a target of 22 million set for 2025. The increasing presence of multinational companies, coupled with rapid urbanisation in key cities such as Hanoi and Ho Chi Minh City, has accelerated the need for flexible, long-stay living options. which appeal to both longer stay business travellers and family travel.
According to a report by Savills[2], average occupancy rate for serviced apartments in Hanoi reached 86%, in first quarter of 2025, up 4% from last year, while average rental rates increased by 5% year-on-year.
"Southeast Asia is a key pillar in our regional strategy. Within the bloc, Vietnam, with its dynamic economy, growing international connectivity, and strong demand for extended-stay options, it offers immense potential. Our upcoming PARKROYAL Serviced Suites Hanoi marks an exciting next chapter in Pan Pacific Hotels Group's growth in Vietnam, complementing our flagship Pan Pacific Hanoi. By adding a premium long-stay offering to our portfolio, we can cater to a wider range of travellers while strengthening our presence in one of Southeast Asia's most dynamic markets," said Mr. Choe Peng Sum, Chief Executive Officer, Pan Pacific Hotels Group.
Expertise in Long Stay Market
With deep experience in shaping long-stay hospitality across Asia-Pacific, PPHG has built a strong reputation for creating serviced suites that blend the comforts of home with the services of a hotel. Its PARKROYAL Serviced Suites portfolio has successfully established itself in key cities such as Singapore, Kuala Lumpur, Jakarta, and Bangkok, becoming a trusted choice for business executives, relocating families, and extended-stay travellers who value flexibility without compromise.
- Seamless tech-enabled living with smart in-room features, digital concierge services, and integrated connectivity for both work and leisure
- Purposefully designed social spaces that encourage interaction, collaboration, and a sense of belonging among long-stay guests
- Sustainability at the core driven by initiatives ranging from energy-efficient systems to responsible sourcing and waste reduction to cater to growing demand for eco-conscious travel.
With panoramic views of West Lake and proximity to cultural landmarks, all 126 suites at PARKROYAL Serviced Suites Hanoi feature residential-style interiors, fully equipped kitchenettes, and essential appliances, creating a seamless living experience for guests on long-term business assignments, corporate relocations, or extended cultural immersions. Guests can choose from a range of thoughtfully designed one, two, and three-bedroom suites, each offering generous living space and modern comforts.
The guest experience extends beyond the suites. Guests can unwind in the all-season indoor swimming pool and jacuzzi overlooking West Lake, recharge in the steam rooms and fitness centre, or relax with family at the dedicated children's pool.
The property also offers versatile meeting spaces, banquet facilities, and two dining venues with Cilantro, a modern bistro offering global and local flavours, and Garden Café providing a lush open-air retreat by the pool.
Continued growth across Long-stay Market
The launch of PARKROYAL Serviced Suites Hanoi is a key milestone in PPHG's Version 2.0 strategy, an ambitious plan to strengthen and consolidate the Group's brand and portfolio in line with evolving customer expectations. At the heart of this strategy is the long-stay segment, which has seen sustained growth globally as business travellers, relocating executives, and extended-leisure guests seek more flexible living solutions.
"Our Version 2.0 strategy is about anticipating how travellers' lifestyles are changing and how that is impacting their choices and being ahead on the curve on these fronts. We are responding to the evolving demands with thoughtful design, our signature hospitality, and a focus on sustainability. At PARKROYAL Serviced Suites Hanoi, we have been able to build this vision from the ground up, creating flexible spaces, integrating smart technology, and curating services that make long stays feel effortless. The property embodies our commitment to setting fresh benchmarks in long-stay hospitality, where comfort, convenience and community come together seamlessly," Mr Choe added.
According to a report by Grand View Research[3], the serviced apartment market in Asia Pacific is expected to grow at a compound annual growth rate of 14.4% from 2025 to 2030, with revenues projected to hit USD 57,9 billion by 2030.
Building on its proven expertise across Asia-Pacific, PPHG has redefined its PARKROYAL Serviced Suites brand to meet this demand with future-ready concepts that blend the comforts of home with the elevated services of a hotel.
The launch of PARKROYAL Serviced Suites Hanoi represents PPHG's commitment to shaping the future of long-stay hospitality. One where convenience, lifestyle, and sustainability converge. With rising demand for tech-enabled, community-focused, and accessible accommodations, PPHG continues to set new benchmarks in creating tailored experiences that reflect the way today's global travellers live, work, and connect.
About Pan Pacific Hotels Group
Pan Pacific Hotels Group is a global hospitality company that owns and manages over 50 hotels, resorts, and serviced suites comprising three brands - Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL in more than 30 cities across Asia Pacific, North America, Africa and Europe. Headquartered in Singapore, it is a member of Singapore-listed UOL Group Limited.
Pan Pacific Hotels and Resorts delivers sincere and graceful service to every guest with a passion for excellence.
PARKROYAL COLLECTION Hotels & Resorts is driven by our passion for life and sustainability.
PARKROYAL Hotels & Resorts is distinguished by its passion for people and places, immersing every guest into local and authentic cultures.
Visit www.panpacific.com.
Sources:
- The Singapore head-quartered group to launch PARKROYAL Serviced Suites Hanoi, Vietnam as it targets fast-growing long stay market
- With eight new hotels and serviced suites in the Southeast Asia pipeline, the region continues to be a key focus area for the Group
- The launch is part of the Group's Version 2.0 strategy focused on developing and enhancing its portfolio to meet evolving customer needs
SINGAPORE, Sept. 25, 2025 /PRNewswire/ -- Pan Pacific Hotels Group (PPHG), the hospitality arm of Singapore-based UOL Group Limited, continues to strengthen its presence in Southeast Asia as it announces the launch of PARKROYAL Serviced Suites Hanoi, marking the latest milestone in a steady pipeline of regional openings.
Southeast Asia is a vibrant, opportunity-rich region with strong fundamentals supporting long-term growth in travel, business, and investment. According to an industry report[1], the region's tourism industry continues to recover with more than 121 million international travellers visiting the region in 2024.
PARKROYAL Serviced Suites Hanoi is the Group's third property in Vietnam and underscores PPHG's long-term commitment to the region. It follows recent launches of PARKROYAL Serviced Suites Jakarta, Pan Pacific Jakarta, and Gurney Bay Hotel, a PARKROYAL Hotel in Penang and is among eight new properties planned across Vietnam, Cambodia, Thailand, Indonesia and the Philippines over the next two years. PPHG now operates a total of 23 existing properties in Southeast Asia.
Tapping into Vietnam's Growth
The latest launch of PARKROYAL Serviced Suites Hanoi comes amid Vietnam's robust economic momentum, with GDP growth reaching 7.09% in 2024 and a strong tourism rebound that saw 17.6 million international arrivals, with a target of 22 million set for 2025. The increasing presence of multinational companies, coupled with rapid urbanisation in key cities such as Hanoi and Ho Chi Minh City, has accelerated the need for flexible, long-stay living options. which appeal to both longer stay business travellers and family travel.
According to a report by Savills[2], average occupancy rate for serviced apartments in Hanoi reached 86%, in first quarter of 2025, up 4% from last year, while average rental rates increased by 5% year-on-year.
"Southeast Asia is a key pillar in our regional strategy. Within the bloc, Vietnam, with its dynamic economy, growing international connectivity, and strong demand for extended-stay options, it offers immense potential. Our upcoming PARKROYAL Serviced Suites Hanoi marks an exciting next chapter in Pan Pacific Hotels Group's growth in Vietnam, complementing our flagship Pan Pacific Hanoi. By adding a premium long-stay offering to our portfolio, we can cater to a wider range of travellers while strengthening our presence in one of Southeast Asia's most dynamic markets," said Mr. Choe Peng Sum, Chief Executive Officer, Pan Pacific Hotels Group.
Expertise in Long Stay Market
With deep experience in shaping long-stay hospitality across Asia-Pacific, PPHG has built a strong reputation for creating serviced suites that blend the comforts of home with the services of a hotel. Its PARKROYAL Serviced Suites portfolio has successfully established itself in key cities such as Singapore, Kuala Lumpur, Jakarta, and Bangkok, becoming a trusted choice for business executives, relocating families, and extended-stay travellers who value flexibility without compromise.
- Seamless tech-enabled living with smart in-room features, digital concierge services, and integrated connectivity for both work and leisure
- Purposefully designed social spaces that encourage interaction, collaboration, and a sense of belonging among long-stay guests
- Sustainability at the core driven by initiatives ranging from energy-efficient systems to responsible sourcing and waste reduction to cater to growing demand for eco-conscious travel.
With panoramic views of West Lake and proximity to cultural landmarks, all 126 suites at PARKROYAL Serviced Suites Hanoi feature residential-style interiors, fully equipped kitchenettes, and essential appliances, creating a seamless living experience for guests on long-term business assignments, corporate relocations, or extended cultural immersions. Guests can choose from a range of thoughtfully designed one, two, and three-bedroom suites, each offering generous living space and modern comforts.
The guest experience extends beyond the suites. Guests can unwind in the all-season indoor swimming pool and jacuzzi overlooking West Lake, recharge in the steam rooms and fitness centre, or relax with family at the dedicated children's pool.
The property also offers versatile meeting spaces, banquet facilities, and two dining venues with Cilantro, a modern bistro offering global and local flavours, and Garden Café providing a lush open-air retreat by the pool.
Continued growth across Long-stay Market
The launch of PARKROYAL Serviced Suites Hanoi is a key milestone in PPHG's Version 2.0 strategy, an ambitious plan to strengthen and consolidate the Group's brand and portfolio in line with evolving customer expectations. At the heart of this strategy is the long-stay segment, which has seen sustained growth globally as business travellers, relocating executives, and extended-leisure guests seek more flexible living solutions.
"Our Version 2.0 strategy is about anticipating how travellers' lifestyles are changing and how that is impacting their choices and being ahead on the curve on these fronts. We are responding to the evolving demands with thoughtful design, our signature hospitality, and a focus on sustainability. At PARKROYAL Serviced Suites Hanoi, we have been able to build this vision from the ground up, creating flexible spaces, integrating smart technology, and curating services that make long stays feel effortless. The property embodies our commitment to setting fresh benchmarks in long-stay hospitality, where comfort, convenience and community come together seamlessly," Mr Choe added.
According to a report by Grand View Research[3], the serviced apartment market in Asia Pacific is expected to grow at a compound annual growth rate of 14.4% from 2025 to 2030, with revenues projected to hit USD 57,9 billion by 2030.
Building on its proven expertise across Asia-Pacific, PPHG has redefined its PARKROYAL Serviced Suites brand to meet this demand with future-ready concepts that blend the comforts of home with the elevated services of a hotel.
The launch of PARKROYAL Serviced Suites Hanoi represents PPHG's commitment to shaping the future of long-stay hospitality. One where convenience, lifestyle, and sustainability converge. With rising demand for tech-enabled, community-focused, and accessible accommodations, PPHG continues to set new benchmarks in creating tailored experiences that reflect the way today's global travellers live, work, and connect.
About Pan Pacific Hotels Group
Pan Pacific Hotels Group is a global hospitality company that owns and manages over 50 hotels, resorts, and serviced suites comprising three brands - Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL in more than 30 cities across Asia Pacific, North America, Africa and Europe. Headquartered in Singapore, it is a member of Singapore-listed UOL Group Limited.
Pan Pacific Hotels and Resorts delivers sincere and graceful service to every guest with a passion for excellence.
PARKROYAL COLLECTION Hotels & Resorts is driven by our passion for life and sustainability.
PARKROYAL Hotels & Resorts is distinguished by its passion for people and places, immersing every guest into local and authentic cultures.
Visit www.panpacific.com.
Sources:
[1] - https://the-outbox.com/southeast-asia-tourism-performance-2024-recap/
[2] - https://www.savills.com/blog/article/221832-1/vietnam-eng/0525-hn-fdi-inflows-drives-demand-for-serviced-apartments.aspx
[3] - https://www.grandviewresearch.com/horizon/outlook/serviced-apartment-market/asia-pacific
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Pan Pacific Hotels Group Strengthens Presence in Southeast Asia
TAIPEI, May 28, 2026 /PRNewswire/ -- Compal Electronics Inc. ("Compal"; TWSE: 2324) today announced its collaboration with GMI Cloud, a Silicon Valley-based AI infrastructure provider, to advance the deployment of next-generation AI infrastructure optimized for large-scale inference and emerging agentic AI workloads.
Under this engagement, GMI Cloud will adopt high-performance GPU server platforms designed to support the growing demands of large-scale AI training and inference workloads. The deployment will serve as a key foundation for GMI Cloud's continued expansion in AI-driven services and data-centric applications.
As demand for AI compute continues to accelerate, cloud providers are scaling infrastructure to support increasingly complex workloads, including large language models, large-scale inference services, agentic AI systems, and real-time AI applications. Compal supports this deployment with its expertise in high-density server design, advanced thermal architecture, and system integration, enabling efficient and reliable infrastructure deployment at scale.
"As AI workloads rapidly evolve toward large-scale inference and emerging agentic AI applications, infrastructure requirements are shifting toward higher density, greater efficiency, and faster deployment cycles," said Alan Chang, Vice President of Infrastructure Solutions Business Group at Compal. "We are pleased to support GMI Cloud in building an AI infrastructure optimized for next-generation inference and real-world AI deployment."
"As AI shifts from model experimentation to real-world deployment, scalable inference infrastructure becomes increasingly critical," said Alex Yeh, Founder and CEO of GMI Cloud. "Through this collaboration with Compal, we are expanding the infrastructure foundation needed to support agentic AI workloads and scalable inference services globally."
In addition to the infrastructure deployment, Compal and GMI Cloud will jointly showcase their latest collaboration at COMPUTEX 2026.
At the Compal booth (M0804), visitors will be able to explore GMI Cloud's latest agentic AI and inference-driven application scenarios, demonstrating how advanced infrastructure enables real-world deployment of next-generation AI services.
GMI Cloud will also feature Compal's high-performance AI server platform, the Compal SGX30-2, at its booth (R0302). The system is designed to support NVIDIA HGX B300 platform, delivering the performance and scalability required for large-scale AI training and inference workloads. With an optimized design for high-density deployment, advanced thermal management, and system-level integration, the platform provides a robust foundation for next-generation AI infrastructure.
This collaboration reflects Compal's continued role in supporting emerging cloud providers and AI infrastructure operators as they expand capacity and bring new services to market. With a global manufacturing footprint and a robust supply chain, Compal is well-positioned to support customers in deploying AI systems efficiently across regions.
About Compal
Founded in 1984, Compal is a global technology leader delivering PC platforms, cloud and AI servers, and smart device solutions for leading brands worldwide. Learn more at https://www.compal.com
About GMI Cloud
GMI Cloud is a Silicon Valley-based AI infrastructure company delivering full-stack GPU cloud and AI platform solutions for scalable AI deployment. Learn more at gmicloud.ai.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Compal and GMI Cloud Announce Collaboration on AI Infrastructure Development
