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DATABANK


COMPILED BY MOLLY DYSON


STAY FOR A WHIL E


A visual snapshot of some of the key stats on corporates’ use of extended stay properties


A WELCOME BOOST


Serviced apartment operators


expect a rise in corporate demand


54.9% in the UK


across Europe in the Middle East


21.6% 9.8%


30 JULY/AUGUST 2019


Over 30% of travel


managers now allow travellers to use short- term rental providers


39.7%


OF CORPORATES ALLOCATE UP TO 20% OF THEIR BUDGET TO


EXTENDED STAY PROPERTIES


SOURCE: GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2018, THE APARTMENT SERVICE


TYPICAL USER


cities for more than a month


stay in other


have a personal assistant to make their bookings


25% 19%


SOURCE: HOMELIKE


COOLING OFF


TAS’s survey of 6,000 corporates shows the rate of growth in the corporate use of serviced apartments slowed in 2018


for business travel


-9%


for assignment/ project work


-18% -8%


Research reveals profile details about the average furnished apartment user


17%


rely on a travel manager


are responsible for booking their own accommodation


30% for relocation


SOURCE: GLOBAL SERVICED APARTMENTS INDUSTRY REPORT 2018, THE APARTMENT SERVICE


buyingbusinesstravel.com


SOURCE: OPERATOR SENTIMENT TRACKER SURVEY 2018, SAVILLS AND THE ASSOCIATION OF SERVICED APARTMENT PROVIDERS (ASAP)


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