Business executives travelling frequently to different towns, cities or even countries opt for serviced apartments over standard hotel rooms. People who usually travel with their children prefer these apartments because one apartment can usually accommodate more than two people without having to pay anything extra per person.
In fact, as per the Association of Serviced Apartments, there has been a rise of 2% in the overall occupancy rate bringing it to 78%. The net weekly rental for the UK has also increased by 3%.
Essentially, a serviced apartment is a fully-furnished apartment, which is rented out to tenants, primarily business employees and include some basic facilities and amenities for daily use. It is available for short term as well as long-term stays.
A few stark differences between a serviced apartment and a hotel room, which should be kept in mind are as follows.
More Facilities
A serviced apartment has more facilities than a hotel room. Some of the basic facilities provided will be a bedroom, bathroom, lounge, kitchen, WiFi, cleaning services, TV and parking slot.
A standard hotel room might just have a bed, bathroom, tea/coffee kit and basic hotel facilities. When one comes back from work after a long day, it is easier to adjust into the environment of an apartment than a hotel room.
Cost Effective
Staying in a serviced apartment is cheaper than renting a hotel room. It generally has two bedrooms, which can accommodate up to four people (two staying in each room). Due to such an arrangement, the cost can be borne among four people as opposed to one. This is especially beneficial for people who are on business tours along with their colleagues.
If the stay is for a few days or a couple of months, hotel prices may be exorbitant while serviced apartments offer a flexible budgeting system where the tenant has the option of even bargaining and fixing a price. Overall, the rates of serviced apartments are usually lower than a hotel room.
Since a serviced apartment has additional facilities of using a kitchen, lounge, WiFi and TV, one can cut down on eating outside in restaurants, going to a bar to watch a football match or even meeting friends at an expensive coffee shop.
An Ideal Home-Away-From-Home Setting
Working outside from home can get a bit lonely and depressing for business travellers. Serviced apartments tend to give a homely feeling to the occupant. After an exhausting day at work, going back home to an empty hotel room might stir up feelings of frustration or loneliness.
Serviced apartments solve this problem. One can go home, relax in the lounge, watch a bit of TV, chat around with other roommates and fix a quick bite to eat. It instils a sense of emotion and belonging.
More Space and Privacy
A serviced apartment offers more space than a hotel room. There is more room for activities like cooking, storage, space for recreational activities and guest facilities.
In a hotel room, one is limited to just a room while a serviced apartment gives you an option to live in an entire house. Since a serviced apartment provides more space for different activities, it also ensures more privacy.
In fact, as per the Association of Serviced Apartments, there has been a rise of 2% in the overall occupancy rate bringing it to 78%. The net weekly rental for the UK has also increased by 3%.
Essentially, a serviced apartment is a fully-furnished apartment, which is rented out to tenants, primarily business employees and include some basic facilities and amenities for daily use. It is available for short term as well as long-term stays.
A few stark differences between a serviced apartment and a hotel room, which should be kept in mind are as follows.
More Facilities
A serviced apartment has more facilities than a hotel room. Some of the basic facilities provided will be a bedroom, bathroom, lounge, kitchen, WiFi, cleaning services, TV and parking slot.
A standard hotel room might just have a bed, bathroom, tea/coffee kit and basic hotel facilities. When one comes back from work after a long day, it is easier to adjust into the environment of an apartment than a hotel room.
Cost Effective
Staying in a serviced apartment is cheaper than renting a hotel room. It generally has two bedrooms, which can accommodate up to four people (two staying in each room). Due to such an arrangement, the cost can be borne among four people as opposed to one. This is especially beneficial for people who are on business tours along with their colleagues.
If the stay is for a few days or a couple of months, hotel prices may be exorbitant while serviced apartments offer a flexible budgeting system where the tenant has the option of even bargaining and fixing a price. Overall, the rates of serviced apartments are usually lower than a hotel room.
Since a serviced apartment has additional facilities of using a kitchen, lounge, WiFi and TV, one can cut down on eating outside in restaurants, going to a bar to watch a football match or even meeting friends at an expensive coffee shop.
An Ideal Home-Away-From-Home Setting
Working outside from home can get a bit lonely and depressing for business travellers. Serviced apartments tend to give a homely feeling to the occupant. After an exhausting day at work, going back home to an empty hotel room might stir up feelings of frustration or loneliness.
Serviced apartments solve this problem. One can go home, relax in the lounge, watch a bit of TV, chat around with other roommates and fix a quick bite to eat. It instils a sense of emotion and belonging.
More Space and Privacy
A serviced apartment offers more space than a hotel room. There is more room for activities like cooking, storage, space for recreational activities and guest facilities.
In a hotel room, one is limited to just a room while a serviced apartment gives you an option to live in an entire house. Since a serviced apartment provides more space for different activities, it also ensures more privacy.