Developed by Zocalo, 'CoHo Stayz' is an offshoot brand that's focused on providing long-term stay options for Millennials and professionals in India. The service would offer interested parties access to Villas (large residences with 20-25 people) or Flats (shared apartments that house 3-5 people) for a varying length of time.
The co-living platform looks to help young professionals find the right place to live for them and will also provide necessary upkeep that covers repairs, WiFi and maintenance. This allows residents to partake in a long-term stay without having to worry about taking care of usual duties associated with rentals.
The 'CoHo Stayz' service is currently available for users to take advantage of, and offers flexible monthly rates that coincide with the kind of housing preferred.
Shared Living Space Services
'CoHo Stayz' Offers Long-Term Stay to Millennials and Professionals
Trend Themes
1. Co-living Platforms - Disruptive innovation opportunity: Develop a co-living platform that caters to specific demographics or industries, such as remote workers or healthcare professionals.
2. Long-term Stay Services - Disruptive innovation opportunity: Create a long-term stay service that offers flexible rates and amenities tailored to the needs of different customer segments, such as families or digital nomads.
3. Shared and Serviced Accommodation - Disruptive innovation opportunity: Introduce shared and serviced accommodation options in untapped markets or regions with a high demand for affordable and convenient housing solutions.
Industry Implications
1. Real Estate - Disruptive innovation opportunity: Utilize technology and innovative business models to disrupt the traditional real estate industry by offering alternative housing options and improved user experiences.
2. Hospitality - Disruptive innovation opportunity: Collaborate with co-living platforms to expand the offerings of traditional hospitality companies and cater to travelers seeking longer-term stays with enhanced amenities.
3. Property Management - Disruptive innovation opportunity: Develop automated property management solutions that streamline operations for co-living platforms, reducing costs and improving efficiency.