Looking beyond the immediate uncertainty brought about by the Brexit outcome, Cycas Hospitality discusses the lack of abundant serviced apartment supply to service a demand which seems set to remain steady for the foreseeable future.

The demand for rooms generally is still growing and RevPAR rising; and as the pound falls against other currencies, the UK becomes a more attractive and affordable leisure destination for travellers from Europe, Asia and the US. Airbnb shows a move away from the standard hotel offer within the leisure market, and historically, long stay hotels outperform the standard model during times of recession.

Further, in uncertain times companies often contract temporary staff rather than long-term, and as a result prefer booking long stay apartments over committing to houses or flats.

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