Preliminary findings from the 2018/19 Global Serviced Apartment Industry Report, the seventh edition of which will be published in April by The Apartment Service, include that adoption of serviced apartments amongst corporate travel buyers has peaked, with sector growth now coming from TMCs and relocation agents.
56% of corporates confirm that current usage levels have reached their limit subject to current supply and demand levels, with over half now using apartments for business travel – well above previous industry estimates. 39.67% of corporates are now spending up to 20% of their accommodation budgets on serviced apartments.
The 2018/19 Report will contain the results of The Apartment Service’s latest survey of corporates, agents and operators, together with articles on key industry issues such as the investment landscape and funding models; where serviced apartments sit in the lodging and travel sectors, and View from the top – the hopes fears and predictions of leading industry figures.
Buyers can order their advanced copy GSAIR@apartmentservice.com or by visiting The Apartment Service’s stand B811 at the Business Travel Show on 21st and 22nd February.