Tuesday, April 27, 2010

A bump in the road for serviced residences in Korea ?

Following a decision by Korea's Supreme Court, major serviced residence operators could be asked to cease operations, the time for them to adapt... or rather for Korean law to adapt to modern hospitality standards.

Korea Hotel Association successfully lobbied for this decision, which appears to be based on a loophole somewhere between classic hotels and officetels in Korea. A real problem for a country boasting such ambitions for tourism : global leaders, like France, do have special legislative arrangements for serviced residences. Furthermore, Korea really needed serviced residences to offer the whole range of solutions to international travelers.

A quick and fair solution will probably be found to prevent an embarrassing moment for everyone, and send another positive sign overseas confirming the vitality of Korean hospitality.

Seoul Village 2010

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