The UK serviced apartment sector posted strong performance growth in 2017, according to ASAP and Business Partner STR, with London and Edinburgh accounting for much of this.

Based on STR’s year-end performance figures, UK serviced apartments recorded an actual occupancy level of 81.7%, a 0.2% increase over 2016. Meanwhile, average daily rate (ADR) rose 5.4% to GBP148.48.

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