For stays of a day, a week, a month or a year, serviced apartments (also known in the sector as Aparthotels, corporate housing or extended stay housing) offer a spacious, flexible and cost effective alternative to restrictive hotel rooms, with an average saving of 15 - 30% on an equivalent standard hotel.

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Industry Benchmark

By Mark Harris

% of all stays by average duration - apartment operators

Source: The Apartment Service Global Survey 2008

According to the 100+ agents who participated in The Apartment Service Global Survey, the average length of stay for bookings in the country of origin is 41.57 nights, compared to 36.32 for international bookings. Overall, the average length of stay is shown below.

Length of stay as % of all serviced apartment bookings - corporates by region

Source: The Apartment Service Global Survey 2008

Serviced aparmtnet picture
Apartment hotel picture
Corporate housing picture

 
 
 
 
 
 
 
 
 
 
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