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Serviced apartment adoption rates peak amongst corporate buyers

January 20, 2018 Serviced Apartments No Comments Email Email

Adoption of serviced apartments amongst corporate travel buyers has peaked, with sector growth now coming from TMCs and relocation agents. 56% of corporates confirm that current usage levels have reached their limit subject to current supply and demand levels, with over half now using apartments for business travel – well above previous industry estimates. 39.67% of corporates are now spending up to 20% of their accommodation budgets on serviced apartments.

These are just some of the preliminary findings from the 2018/19 Global Serviced Apartment Industry Report, the seventh edition of which will be published in  April by The Apartment Service.

Running to over 20,000 words and 100+ pages, the GSAIR is now widely recognised as the foremost point of reference for the serviced apartment sector. Originally published in 2007, the GSAIR was the first piece of research to quantify the size of the industry and has since tracked its evolution from ancillary product to compelling prospect for operators and investors alike.

The 2018/19 version will contain the results of The Apartment Service’s latest survey of corporates, agents and operators, together with articles on key industry issues such as the investment landscape and funding modelswhere serviced apartments sit in the lodging and travel sectors, and View from the top – the hopes fears and predictions of leading industry figures.

The GSAIR is compiled on behalf of The Apartment Service by specialist content agency Travel Intelligence Network.

Buyers can also order their advanced copy of the new GSAIR from GSAIR@apartmentservice.com or by visiting The Apartment Service’s stand B811 at the Business Travel Show on 21st and 22nd February.

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