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Business Traveller (Middle East) - - Trends -

CO-LIV­ING Co-liv­ing is a cross be­tween co-work­ing spa­ces and house ren­tals – with flat­mates. For the longer-stay busi­ness trav­eller or ex­pat, a co­l­iv­ing set-up can give you the chance to stay in a stim­u­lat­ing en­vi­ron­ment along­side like-minded peo­ple. Work­ing is central to the ex­pe­ri­ence but so is shar­ing an even­ing meal or host­ing a party. They are like modern com­munes for pro­fes­sion­als. Co-work­ing gi­ant We Work (now val­ued at more than US$16 bil­lion) is now beta-test­ing stylish co-liv­ing spa­ces on New York’s Wall Street and Crys­tal City in Ar­ling­ton, Vir­ginia. By 2018 it is pre­dicted that the new We Live brand will be gen­er­at­ing more than US$600 mil­lion a year, with peo­ple stay­ing from one night to one month at a time. Pri­vate stu­dios start from US$135 a night and come with fold-out beds, TVs, AirPlay speaker sys­tems and kitchens. Roam runs co-liv­ing cen­tres in Lon­don’s Sloane Square, Mi­ami, Madrid and Bali. Tokyo and San Francisco are com­ing soon. Rooms come with en suite bath­rooms, and one-week leases cost from US$500. Ser­viced apart­ment com­pany the Ascott Lim­ited is launch­ing a brand called Lyf (pro­nounced “life”), aimed at mil­len­ni­als. By 2020, it in­tends to have 10,000 Lyf co-liv­ing units com­plete with video-con­fer­enc­ing and ham­mocks. Com­mu­nal spa­ces will of­fer Foos­ball ta­bles, gi­ant ball pits and cook­ing classes. Ascott CEO Lee Chee Koon says: “We are on the look­out for sites in key gateway cities for Lyf in Aus­tralia, France, Ger­many, In­done­sia, Ja­pan, Malaysia, Sin­ga­pore, Thai­land and the UK.” Other co-liv­ing ven­tures in­clude the Col­lec­tive, Pure House, Open Door, Com­mon­space, Zoku and Sab­bat­i­cal. Above:

We Live Crys­tal City

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