Here is how millennials are changing the way we travel

Blurring the lines between apartments and hotels, coliving spaces are set to be the next big thing in travel — especially among millennials. A veteran in the hospitality scene tells us why.

Five friends enjoying a good time
  • Cheong Kamei
  • March 2020
Brought to you by lyf

As millennials seek out more authentic and shared travel experiences, coliving apartments with their seamless blend of communal and private spaces are gaining popularity. Mindy Teo of lyf by The Ascott Limited shares her insights into the trend.

indy Teo of lyf
Mindy Teo is the Deputy Managing Director of lyf, a new coliving concept by The Ascott Limited.

In your opinion, what are the distinguishing traits of Asian millennial travellers?

Millennials value the pursuit of life experiences over the ownership of assets and are incredibly avid travellers. What’s more, 78 percent intentionally carve out personal time on a business trip and they increasingly demand the freedom to shift their base of work.

Millennials having dinner
“Millennials constantly seek out authentic experiences whenever and however they can,” says Teo.

How does coliving address millennials’ needs?

Coliving properties are convenient — they provide short-term solutions to residents, often offering shorter and more flexible lease terms without the need to deal with agents or landlords. More importantly, it’s the emphasis on community building that differentiates coliving from traditional shared residences. The blend of private and communal spaces makes it effortless for travellers to bond with like-minded people.

lyf Sukhumvit 8 room
lyf Sukhumvit 8 is set to open in May 2020.

The Ascott will be opening lyf Sukhumvit 8 in Bangkok soon. What factors are taken into consideration when choosing the location of a lyf property?

It has to be in a key gateway city with a vibrant local culture, strong tech and start-up ecosystem, a large millennial population and good connectivity.

READ MORE: The 5 biggest myths about coliving

Artbox aerial shot
lyf Sukhumvit 8 is just a five minute walk away from Artbox, the hippest night market in Bangkok.

What can travellers expect from lyf Sukhumvit 8?

A fun and energetic environment that captures the city’s spontaneous personality and rich culture. The trendy neighbourhood location is great for exploring the nearby hipster cafés and must-visits like the Artbox night market. Our Ambassador of Buzz will also organise events such as neighbourhood walks and cooking classes for a more memorable travel experience.

READ MORE: Heading to Bangkok for a business trip? Check out our bleisure guide to the city

Book your stay now

lyf Sukhumvit 8 lobby
From the lobby to the rooftop lounge, lyf Sukhumvit 8 is filled with social spaces designed to foster a community of like-minded individuals.

Designed by millennials for the millennial-minded, lyf Sukhumvit 8 is a new coliving concept in the heart of Bangkok. Its prime location is a huge plus — lifestyle mall Terminal 21, cool bars and Nana BTS Station are just around the corner.

Book here for the best rates.