A new report from HVS shows that the European serviced apartment sector is growing at a faster pace than traditional hotels, with RevPAR for last year up 7% last year, compared with 5% for hotels.

In the UK, comparable figures were 3.5% for apartments and 1.5% hotels, while London saw an increase of 4% compared with 3% for hotels.

23,600 additional apartments are due to open across Europe be 2023, a third in the UK.

ASAP Members brands are seeing the fastest growth, including Accor’s Adagio and Dublin-based Staycity.

Read more:

Tagged with →