New Horizons
The rise of the serviced apartment
By Charles McCrow, The Apartment Service
Our focus
The Apartment Service's focus has been
to meet the needs of those who need
accommodation for more than a week at
a time. The company was among the first
responsible for bringing the corporate
housing market to the UK, and therefore
a wider range of accommodation options
to both the business travel world, and
also to the relocation market.
Business travel buyers are now being
tasked with housing extended stays and
long term assignments. At the same
time, relocation agents are reporting a
proliferation of shorter-term assignments,
which in their terminology, is anything
less than a year. The year-long stay is an
important benchmark, as for instance,
longer stays have IRS implications for
US nationals.
Both ends of the temporary assignment
market are therefore converging to create
greater demand for the same sort of
product, and in some ways things have
come full circle and we are once again
providing information and reservation
services. However we are now creating
more strategic, consultancy-style solutions
for specific organisations as well.
When the Royal Danish Air Force needed
to train its pilots and mechanics on the
(then) new Hercules aircraft, The
Apartment Service housed rotating groups of personnel in 20 apartments
at RAF Lyneham for the two-year duration
of the project, effectively providing a
facilities management service. In fact,
we are now working with relocation
agents around Europe to provide a network
able to offer this kind of bespoke solution
on projects of six months or more.
Knowledge and expertise
Today the company is developing data
feeds that enable clients to access
inventory, availability and content
through different channels including
GDS. Clients and agents are at differing
levels of advancement in terms of
knowledge and actual integration of
apartments into corporate programmes;
So we are meeting a real need by
providing that knowledge and expertise.
A whole new world is opening up to
business travel buyers that few knew
existed. 21st century corporate
accommodation solutions are no longer
simply about business travellers staying
in hotels. It now encompasses short and
long term assignments, meetings,
remote working and even commuter
travel patterns, whilst Duty of Care has
made HR a stakeholder in the travel
procurement process.
Where have we come to after 27 years
in business? I believe that today The
Apartment Service is now a ready-made
reference source and font of knowledge
to companies willing to take a more
holistic view of their travel needs.