Corporate travel spending may be on the rebound, but executives are still under pressure to optimise their budgets and find savings. In turn, many are choosing to stay at serviced apartments as a more affordable alternative to short-term hotel stays and a more convenient option than long-term rentals.
Compared to hotels, serviced apartments include more space and keen prices. Rates can be up to 30% cheaper than a Comparable hotel if you commit to longer periods of time. But they’re also flexible. Serviced apartments are already a maturing market in many cities across the globe with a huge supply of apartments at all price points, including studios with kitchenettes to four-bedroom penthouses.
The common areas in apart-hotels may be smaller than at hotels & there is not much in the way of food and beverage services, but many have free Wi-Fi, direct-dial telephones, conferencing facilities, 24-hour concierge, housekeeping and laundry services, as well as satellite TV and loyalty points – something you won’t necessarily find in a long-term rental.
They differentiate themselves from hotels by having washing machines and separate living and sleeping areas. Some have multiple bedrooms, allowing groups of executives to share units and save even more money on the road. They also have fully-fitted kitchen and dining facilities so you have the option to eat in rather than indulge at expensive restaurants.
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