“ TRAVELLERS NOW FAVOUR AMENITIES LIKE KITCHENS AND LAUNDRY FACILITIES AND ARE LOOKING TO EXTEND THEIR STAYS TO ALIGN WITH THE ‘TRAVEL LESS, STAY LONGER’ MINDSET.”


PHILIP GRACE, CHIEF DEVELOPMENT OFFICER, BOB W


from home more often. “We are seeing tier-two hubs like Austin, Miami and Denver becoming increasingly attractive for extended stays,” she explains. “The surge in remote and hybrid work has led to office markets in tier-one cities, like New York, experiencing 20% vacancy rates and a shift towards decentralised workplace norms, potentially permanently.” In other words, driven by economic pressures and the need for a distributed workforce, companies are now looking for more cost- effective locations in more expensive cities. For the serviced apartment market impact, this shift


may be part of a longer-term trend where travellers are craving comfort, a better work-life balance and the convenience of amenities that support remote work. This includes flexible booking options, high- quality accommodation and a seamless experience from booking to check-out. “This is where 3Sixty’s HomeMatch technology addresses travellers’ ever- evolving demands by curating tailored housing options according to individual preferences, with each rigorously vetted for safety and financial health,” she says. Yet while the serviced apartment sector is rapidly


evolving to meet growing demand, challenges remain regarding pricing, availability and location. “Many providers are enhancing their offerings, but high demand continues to far outpace supply, leading to price increases and limited availability in prime


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