Latest GSAIR report reveals 15th year of consecutive growth for serviced apartment sector
“Published this year by Ariosi Group Limited and compiled by Travel Intelligence Network, this year’s GSAIR features a new format but retains annual survey results and supporting commentary and supplementary articles, along with regional reports with specific focus on trends or challenges in those regions” says George Sell in the Serviced Apartment News
“RFP strategy separates serviced apartments from hotels:
-In 2023, 54 per cent of corporates are separating serviced apartment RFPs from hotels, compared with just 19 per cent in 2022.
– Only 38 per cent will issue a single, combined serviced apartment and hotel RFP in 2023 compared with 63 per cent in 2022.
Rising energy costs will impact rates:
– 50 per cent of corporates and 46 per cent of agents expect suppliers to make savings in other areas instead of charging a higher nightly rate. Roughly a quarter of both corporates and agents expect operators to absorb the extra costs.
– 75 per cent of operators are planning to mitigate additional energy costs by charging higher nightly rates.”…