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The hospitality industry is continually evolving to accommodate new market segments and travel trends and provide housing for them. The need for longer-term stays and the willingness to experience local culture have been two of these trends in the latest years. An influx of serviced apartments was the resulting evolution for the hospitality industry.
Over the previous decade, serviced apartments have increased from being one of the fastest-growing industries in the hospitality sector.
While there are many hotel benefits, serviced apartments are the growing industry, and in 2019 is the trending industry. The enhanced interest of travelers would be one of the greatest benefits. The benefits of serviced apartment vary from a room and family-friendly choices to more comfortable, healthier and less expensive restaurants and beyond.
Service apartments are becoming a worldwide hit as it offers more room and flexibility at a comparable or lower tariff than a guest would usually pay the comparable standard price.
A serviced apartment is indeed a better choice for a family or a professional because many hotels in their standard rooms will not allow more than one kid. The family can remain together with a service apartment but still have some privacy and plenty of room to prepare meals. It simply becomes the alternative that is better and more reasonable.
The surprising factor is that even company travelers rely on serviced flats compared to hotels, particularly if they need to stay more than a few days in a foreign place. Serviced apartments give the traveler the option of whether to cook or order in; they are not just dependent on dining out or room service. More space also provides the traveler a feeling of liberty.
With the demand for serviced homes increasing exponentially, many hotel chains around the world offer their guests both hotel rooms and serviced apartments to avoid losing out on the contest.
Because of enhanced demand, global serviced apartment operators are aggressively expanding their presence in the hospitality industry. Serviced apartments may not have outstripped the hotel sector, but they certainly give them a run for their money.