Corporate demand for serviced apartments continues to rise
“The serviced apartment sector continues to grow its share of corporate accommodation spend and alternative accommodation is also gaining traction among business travellers, according to the Global Serviced Apartment Industry Report (GSAIR) 2023” says Lauren Arena
in the Business Travel News Europe digital magazine
“The report, which included a survey of 3,000 corporates, serviced apartment operators and agents, along with a series of interviews conducted between March and May 2023, revealed that serviced apartments usage is on the rise.
More than half (53 per cent) of corporates said they are now using serviced apartments for business travel more than they were twelve months ago, while 39 per cent report increased use for project or assignment work, which is unchanged compared to 2022.
Average length of stay is also set to rise, as 89 per cent of corporates predict this will increase or stay the same in 2023, while 87 per cent of agents reported an increase among their clients, compared to 45 per cent in 2022.”…