Ser­viced apart­ments hit the mil­lion mark

The Business Travel Magazine - - The Review -

THERE are now over one mil­lion ser­viced apart­ments world­wide ac­cord­ing to fig­ures in The Apart­ment Ser­vice’s Global Ser­viced Apart­ments In­dus­try Re­port (GSAIR).

The new re­port says apart­ments are now found in over 13,164 lo­ca­tions world­wide. This com­pares to 826,000 apart­ments in 10,777 lo­ca­tions two years ago in the pre­vi­ous edi­tion of the re­port and rep­re­sents growth of 23.7%.

The re­port found that over half of cor­po­rates are us­ing ser­viced apart­ments for busi­ness travel, with 40% of cor­po­rates al­lo­cat­ing up to 20% of ac­com­mo­da­tion bud­get to ex­tended so­lu­tions. Ad­di­tion­ally, 37% of cor­po­rates are not man­dat­ing the use of a spe­cial­ist agency chan­nel, and 47% of cor­po­rates al­low trav­ellers to in­de­pen­dently se­lect their own long-stay ac­com­mo­da­tion.

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