hotel brand, designed for cost-conscious travellers who mostly do all
their own bookings on-line and who are searching for pocket-friendly
accommodation prices. The first COSI Hotel is projected to open in 2015
and Centara plans to have at least 30 operational by 2020. Thirayuth
Chirathivat, Chief Executive Officer of Centara Hotels & Resorts,
said that the COSI brand has been developed in response to rapid
economic expansion within the Asia Pacific region, which is increasing
the volume of both domestic and international journeys. €There is an
enormous growth in travel, and the significant growth of low-cost
airlines is allowing people to travel more easily and conveniently,€ he
says.
€Travelling by low-cost airline in the Asean grouping currently
accounts for 51 percent of the aviation industry in the Asean. Further,
the Asean Economic Community or AEC will be implemented two years from
now adding further demand. These factors are leading to the need for
convenient accommodation and also value for money. Centara Hotels &
Resorts sees a great opportunity to develop a new brand to cover this
economic segment, and we are now in the process of brand and product
development for COSI Hotels.€
Mr Thirayuth added that €dot com€ has been added to the brand logo
because marketing and sales will be primarily through websites. €We
expect our first COSI Hotels property to open on 2015,€ he said. €We
plan to have at least 30 hotels in 2020, which is forecast to generate
an income of around 2,200 million baht and income from management fees
of 180 million baht,€ said Mr Thirayuth.
Suparat Uahwatanasakul, Vice President of Business Development at
Centara International Management Co., Ltd, explained the meaning of COSI
as:
C is Comfortable - Feel comfortable both with the room and facilities of the hotel
O is Open - Our product is easy to understand and affordable
S is Sensible - Sensibly and friendly price and eco-friendly design
I is Individual - Welcome all travellers
A friendly logo is designed to carry this message. COSI customers can be divided into four groups as follows:
- Age 16-29: University students or graduate students who are just starting their career. Travel alone or in groups.
- Age 50 and above: Retired people. Couple travellers who like technology.
- Family groups who like easy and convenient journeys and value for money.
- Corporate groups who travel for business purposes and are looking for a more limited service and a friendly price.
COSI Hotels will focus on clearly identified products that include
free Wi-Fi everywhere in the hotel, easy and convenient €grab-n-go€
restaurants, seminar rooms for corporate guests, and an entertainment
corner in the lobby area for movies and live sport. COSI will offer both
twin and king beds for standard room types and specially designed rooms
for families. COSI Hotels is the economy brand under management of
Centara Hotels & Hotels. It is designed for cost-conscious
travellers who mostly do all their own bookings on-line and who are
searching for pocket-friendly accommodation prices. Centara has
completed research for the last 3 years before launching this product.
Source: Centara
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Centara Launches New Brand 'COSI Hotels' for Smart Travellers - Travel News, Tourism News
Sunday, 4 January 2015
Centara Launches New Brand 'COSI Hotels' for Smart Travellers - Travel News, Tourism News
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