| August 2008 |
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The Apartment Service, 5-6 Francis Grove, London, SW19 4DT
Fax: +44 (0) 20 8944 6744
Tel: +44 (0) 20 8944 1444
Web: www.apartmentservice.com
Email: res@apartment.co.uk
The Apartment Service is the trading
name of Roomspace Ltd, 5-6 Francis
Grove, London, SW19 4DT and is
registered in England and Wales
with company number 1112378.
VAT No. GB-538890988.
Members of:
HBAA, ITM, ARP, ASAP, CHPA |
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| FARNBOROUGH AIRSHOW A GREAT SUCCESS FOR THE APARTMENT SERVICE |
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The Apartment Service can look back upon a successful involvement in this yearВґs Farnborough Airshow which was held between the 14th and 20th July. As the official accommodation provider to the show we held a very well received hospitality day for our key clients. The Apartment Service is one of the major booking agents and providers of serviced apartments worldwide and as such we support the broader travel industry ranging across all industries.
There is no "FOCUS ON....." in the August edition of the news letter. Instead a request from the editor to all readers for suggestions for future topics and regular inclusions to be considered. The coming months will see the start of a very exciting period for The Apartment Service with the launch of our new web service with XML connectivity and online booking facility and also the launch of the first global report into the serviced apartment industry, which is sponsored by us. We want you to be part of these exciting developments. The newsletter, which is being read by an increasing audience is a good platform for properties listed on our site to promote their services. For more information, and to send your suggestions, please send an email to Bard Vos.
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| News in August |
EUROPE
Hotels in Budapest saw the strongest year-on-year growth in profitability of ten European cities surveyed by TRI Hospitality Consulting in May 2008.
Income before fixed charges (IBFC) – also known as gross operating profit – per available room jumped by 34.5% to €62.54 in the Hungarian capital’s hotels. TRI attributed the profit growth to a 3.7 percentage point decline in payroll costs as a percentage of total revenue to 25.1%. It said some hotels had cut staff levels over the past year, with one general manager of a four-star property employing 60 fewer now than three years ago.
вЂWage costs have undoubtedly risen since Hungary joined the EU in 2004 and in reaction some streamlining of resources has occurred,’ said Jonathan Langston, TRI managing director. Despite the rise Budapest ’s hotels were still only the seventh most profitable of the ten cities. Those in London topped the list with IBFC per available room of €103.28, although this was 1.35 lower than in May 2007.
Second most profitable were Amsterdam hotels, where IBFC rose by 9.5% to €102.18. The Dutch capital hosted four major events in May 2008, including the biennial cleaning industry trade fair, ISSA Interclean, which attracted 24,000 visitors.
Paris hotels were third with IBFC per available room of €98.70, 11.6% higher than in May 2007, ahead of those in Berlin with €91.25 (+24.4%) and Prague with €79.69 (-29.6%).
In sixth came Vienna with IBFC of €70.38 (-13.8%), followed by Budapest , Warsaw with €56.79 (-11.4%), Hamburg with €56.48 (+7.9%) and Munich with €43.87 (-5%).
In terms of absolute revenue per available room (revPAR), hotels in Paris were the best performers in May with €181.20 (+7.1%), ahead of Amsterdam with €158.97 (+4.7%) and London with €148.87 (+3%).
Vienna came fourth with €134.57 (-6.9%), followed by Berlin with €126.61 (+10.8%), Prague with €111.35 (-17.3%), Budapest with €94.23 (+6.3%), Hamburg with €92.26 (+3.6%), Munich with €89.01 (+4.6%) and Warsaw with €81.45 (-3.7%).
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* To all our apartment managers: If you have any news regarding your apartments, special offers etc., please email us and we will do our utmost to publish this in our next news letter. |
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AMERICAS/CANADA
* Starwood Hotels has opened its first extended stay Element Hotel in the Boston suburb of Lexington. The property has 123 apartments.
MIDDLE/FAR EAST
* The Shama Group has launched its first Beijing serviced apartment property, Shama Luxe Chang An. The property consists of 225 one, two and three bedroom apartments with all the modern conveniences and the special Shama "slumber" bed
* Frasers Hospitality is planning to increase its property portfolio from 3500 to 8500 by 2010, primarily in emerging markets like China, India and Vietnam. They have now launched Fraser Suites Hong Kong, comprising of 87 apartments.
* Marriott Executive Apartments will open their first property (and the first of the Marriott brand) in Bahrain in September. The property will comprise of 188 one, two and three bedroom apartments.
* Bridgestreet Worldwide is entering the UAE with the signature of management contracts for 5 properties in Dubai, totaling more than 1250 apartments. The first property will open in Spring 2009. |
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| Executive Roomspace/Roomspace Serviced Apartments Availability Update |
All apartments are fully furnished and equipped to the highest standards with all modern conveniences. The rate quoted includes all utility bills, apart from telephone calls. A once a week cleaning service is included.
To enquire about these, or any of the other apartments offered by The Apartment Service, please phone our reservations team on 020-89441444 , or send us an email Or you can visit our website.
Roomspace Serviced Apartments, minimum stay: 7 nights, offers the following locations for your accommodation needs: Birmingham, Brighton, Croydon, Epsom, Farnborough, Guildford, Leatherhead, London City, London Docklands, Southampton, Wimbledon.
We have special August availability in the following locations:
Reading
* Projection West -
one bedroom apartments from ВЈ700 per week and 2 bedroom apartments from ВЈ820 per week
* Minster Court-one bedroom apartments from ВЈ575 per week and 2 bedroom apartments from ВЈ675 per week
Birmingham
* Skyline Apartments -
one bedroom apartments from ВЈ700 per week and 2 bedroom apartments from ВЈ820 per week
Swindon
* Plaza 21 -one bedroom apartments from ВЈ635 per week and 2 bedroom apartments from ВЈ770 per week
All rates quoted are per apartment per week and inclusive of all bills (excluding telephone and VAT) and a weekly service clean. And of course, all our apartments are fully furnished and equipped to the highest standard.
Please call +44 (0) 20 8944 1444 for more information or send an email to Tracy Barlow, Reservations Manager. |
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| Feedback |
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| Contact Details |
Bard Vos - Marketing
The Apartment Service,
5-6 Francis
Grove,London.
SW19 4DT
tasnews@apartment.co.uk
Tel. +44 (0)20 947 3003 (Marketing)
Tel. +44 (0)20 8944 1444 (Reservations)
Fax.+44 (0) 208 944 6744
If you do not wish to receive future Apartment Service Newsletters, you can unsubscribe from our mailing list using the Safe Unsubscribe option at the end of this e-mail. |
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