Here to stay
“Meeting the new needs of travellers, extended-stay options are securing a place in more travel programmes” says Catherine Chetwynd
in the 2024 Serviced Accommodation Guide
The Business Travel Magazine

“The perception of serviced accommodation among business travellers changed during the pandemic and persuaded more travel managers that extended-stay options remain appropriate.
A continued requirement for wellness, safety and sustainability has led more corporates to give serviced accommodation a more prominent place in their travel programmes, offering apartments as an alternative to hotels.
“Some of the big buyers tell us they will put our offer beside Marriott and Hilton, etc,” says StayCity Commercial Director Paula Mullaney.
“And with hybrid working, when people are in the office two or three days a week, they are working in an apartment rather than in a hotel room or lobby; similarly when they are relocating. It has worked well for us.”
STR’s figures for accommodation in 2023 reflect this trend, with occupancy for serviced apartments up 3.3% to 80.8% against 77.3% for hotels. Rates are up 7.7% nationwide to £158.23 for serviced apartments, against £119.47 for hotels.”…