[Travel News]: Start-up Dash Living helps Hong Kong hotels switch to monthly leases, ride out pandemic slump aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

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The average long-lease occupancy at Dash’s own properties was more than 90% throughout the pandemic.

Dash Living, a Hong Kong co-living start-up, is helping hotels switch to monthly leases to survive the unprecedented downturn in the city’s tourism sector.

More business opportunities have emerged for Dash since the coronavirus outbreak and it is collaborating with six hotels. “We did not have third-party hotel partners before Covid-19, and we [have grown] pretty quickly over the last three months, actually,” said Eddie Sit, Dash’s head of marketing. “Everyone knows about the difficulties faced by the hotel industry during the coronavirus outbreak. Some of those who discussed with us thought long leases could be a way out,” he added.

Dash’s link up with hotels comes at a time when visitor arrivals in Hong Kong have all but dried up. They fell 97.2% year on year last month, according to Hong Kong Tourism Board. The average hotel occupancy rate stood at 51% in January, compared with 59% a year earlier and 92% in January 2019.

Dash, which was founded by entrepreneur Aaron Lee in 2014 and is backed by MindWorks Ventures, manages and operates more than 1,300 units that include co-living homes, serviced apartments and hotel rooms in Hong Kong and Singapore. It has more than 1,000 tenants and 250,000 sq ft under management.

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