Koko Global Hospitality plans to open two more hotels in Thailand and Laos and sign eight management contracts this year as tourism growth driven by low-cost carriers is expected to create more opportunities for mid-scale accommodation providers.
Rei Matsuda, founder and chief executive of Koko Global Hospitality, a Japanese management company that operates Kokotel hotels, said there is still room for mid-scale accommodation to grow as this segment can bank on tourism recovery, especially the opportunities driven by aggressive expansion among low-cost carriers.
