The Growing Popularity of Serviced Apartments

Serviced apartments are becoming increasingly popular amongst executives who have to relocate for work. Indeed, in the UK renting serviced apartments is the most popular solution for those looking for longer term accommodation.

Cost Benefits of Serviced Apartments

The cost benefit offered by serviced apartments is one of the key reasons for their success. They offer significantly better value for money than hotels as they are often around 25% cheaper. In addition to this they offer more spacious and flexible accommodation. Executives tend to find serviced apartments more relaxing to stay in than hotels.

Serviced Apartment Facilities

Most serviced apartments have en-suite bathrooms and bedrooms, fully fitted kitchens and living rooms. They also normally have fax machines, broadband and satellite television. In addition to this, many serviced apartments also have concierges and in-house maintenance. As a result serviced apartments offer business travelers a comfortable home away from home. This has fed into their growing popularity and is a reason why many people choose to stay in serviced apartments rather than hotels.

Convenience

As many serviced apartments are located in or near city centres they are often close to local restaurants and bars. Of course, if you would rather stay in and not go to a restaurant, you can always prepare dinner in your apartment’s kitchen. As a result serviced apartments offer true flexibility and choice.

Serviced Apartment Market Trends

The success and popularity of serviced apartments is evident in the fact that many large hotel chains are trying to enter the apartment market. A number of well known hotel chains, such as Hilton and Marriott have recently launched branded serviced apartments. Hilton is planning to open an apartment hotel in Bangalore in 2007 whilst Marriott says that it will open a second serviced apartment block in Shanghai shortly.

Serviced apartments offer business travelers a perfect home from home. They are cost effective and provide flexible and relaxing accommodation for discerning travelers.

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This article was written by Select Apartments which specialises in providing serviced apartment solutions to the corporate sector.

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