Serviced apartments industry is booming in UK. London drives the business lodging sector as the most popular business trip destination.
Increasingly mobile global workforce creates the demand for business travel apartments. Destination London dominates the map of business cities thanks to many corporate headquarters and public institutions of global relevance.
London takes serviced apartments to the mainstream
In 2015 a survey conducted by The Association of Serviced Apartment Providers (ASAP) predicted that the UK serviced apartment sector will double its size over the next two years, reaching the 8,4% average annual growth rate for both 2016 and 2017. This growth will place this sector as a mainstream accommodation choice and a key player in the hospitality industry. A rich offer of serviced apartments in London proves that these predictions were accurate. London, that has been occupying the top positions in the rankings of most important business cities, attracts business travellers and relocatees looking for both short- and long-term business lodging.
Tailored business travel apartments
The demanding business crowd is looking for furnished apartments equipped with all the daily life utilities. Serviced apartments accommodation provides them with all the facilities of a home away from home. Our statistics show that among the most searched for apartments the category Junior 1 Bedroom apartment takes the lead. The size of the apartment must fulfill the needs of an individual guest who looks for premium equipment, privacy and comfortable location next to the place of work. From the perspective of a corporation, it’s profitable to choose serviced homes as a business travel accommodation as the longer the stay, the more attractive the rent prices the providers can offer.
Another scenario occurs in the case of business travellers for whom London is only a stop in a longer journey to other business locations like New York, Bangkok or Tokyo. The Heathrow airport, one of top business travellers friendly airports in Europe, operates flights to over 180 destinations in 90 countries and often serves as a transit airport. It generates the demand for short-term business accommodation for business travellers who need a place to rest between the flights and who value good transportation links to the airport. Despite the short period of stay, they require serviced accommodation with all the homely facilities such as WiFi necessary for work away from the office. Common bed & breakfast accommodation doesn’t provide all the furnishings, let alone a well-fitted kitchen or bathroom with towels and toiletries. VISIONAPARTMENTS offers a wide variety of London apartments that will fulfill all the needs of both short- and long-term business travellers that are looking for temporary homes.
Flats for rent gain popularity across the UK
London is not an exception when it comes to the increased demand for serviced apartments in UK. According to the Global Serviced Apartments Industry Report, 77% of business travellers in UK stay in serviced apartments up to five times a year for trips of up to seven nights. Business travellers value the variety, flexibility, independence and value for money that serviced apartments can offer. In response to the increased needs of our guests, VISIONAPARTMENTS has expanded its portfolio of partner in UK and now offers premium serviced and furnished accommodation in Chelsea, Edinburgh, Birmingham, Manchester, Glasgow, Leeds and Bristol.