Demand for serviced apartments weakens as hotels muscle in, says GSAIR report
“The serviced apartment sector has lost traction among corporate travel programmes as hotels stake their claim in the extended-stay market, according to the Global Serviced Apartment Industry Report (GSAIR) 2024, released today by Ariosi Group, part of the Habicus Group and sister company to serviced apartment agent SilverDoor.” says
in the Business Travel News Europe
“The serviced apartment sector has lost traction among corporate travel programmes as hotels stake their claim in the extended-stay market, according to the Global Serviced Apartment Industry Report (GSAIR) 2024, released today by Ariosi Group, part of the Habicus Group and sister company to serviced apartment agent SilverDoor.
The report, which included a survey of some 3,000 corporates, serviced apartment operators and agents, along with a series of interviews conducted between March and April 2024, revealed that corporate demand for serviced apartments has levelled off following the post-pandemic spike of recent years.
Corporate usage of serviced apartments has dropped 11.2 per cent year-on-year, with 63 per cent of buyers currently utilising this accommodation type for business travel, compared to 74 per cent in 2023.”…