According to a recent poll carried out by the Business Travel Show in collaboration with ASAP, ahead of the ASAP Convention on 6-7 December, one fifth of corporate travel buyers increased their use of serviced apartment suppliers in 2017.

A similar number of buyers directed more spend to budget hotels, and 37% to mid-range hotels. 28% used fewer five star hotels, compared to just 12% using fewer serviced apartments.

When asked why they book serviced apartments, 57% per cent of respondents said it was because they provide value for money, followed by convenience, flexibility, extra space and long-term suitability. Of those buyers who do incorporate serviced apartments in their programmes, more are allocating a higher percentage of their budget towards them.

With 42% of buyers not using any serviced accommodation suppliers, and 38% per cent still vetoing sharing economy providers, the poll shows there is still a way to go for alternative accommodation providers to be an automatic choice for travel buyers.

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