ASAP and Savills have released the headline results for the sector from their Operator Sentiment Tracker Survey (June 2017), which track the changes in operator sentiment compared to the November 2016 Survey.

The key findings for the UK serviced apartment sector cover optimism from operators, expansion plans in the face of Brexit, general occupancy expectations, optimism from both the leisure and corporate segments, market sources, the challenges posed by business rates, terrorism and staff availability.

James Foice, Chief Executive of the ASAP comments: ‘It’s very encouraging to see that, in spite of the challenges which operators are facing, overall optimism in the sector remains positive for 2017.’

James Bradley, Associate Director in the Hotels team at Savills, adds: ‘The outlook for the serviced apartment sector is fundamentally strong despite the headwinds and challenges over the last 12 months.’

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