The serviced apartments segment has seen healthy growth of late, buoyed by demand from corporate clients from the IT/ITES, biotechnology, BPO, consulting and financial services sectors. For business managements, the overhead accommodation cost for their long-stay expats works out a lot lesser than hotel stay. Those having to switch cities for professional commitments, also prefer serviced apartments, at least during the settling-in period.
What are the benefits of a serviced apartment?
• Home away from home: To give the guest a home-away-from-home feel, serviced apartments are equipped with all kinds of home comforts, including kitchen, Internet and in-room entertainment, plus often offering fitness facilities and housekeeping.
• Personalized services: Guests always appreciate personalized service. In serviced apartments, guests have total privacy and can also request tailored services like dedicated staff members, concierge services, chauffeur-driven vehicle, etc.
• Space & comfort: Unlike a hotel room where the guest might feel cramped for space with bed, study table, wardrobe, etc. fitted in a tight squeeze. Serviced apartments, however, provide a living room or a lounge area to help you relax after a long, hard day, giving you that homely feel you pine for.
• Flexibility: This format offers total flexibility in your living arrangement, unlike short-stay rentals. You can invite guests or business associates, cook your own meals and do your laundry, just like you would in your own home. This independence and pliability are much appreciated by long-stay business travelers.
• Cost-effective: A serviced apartment is definitely a more economical choice for long stays compared to a hotel room or a rental property. The tariff includes utilities, housekeeping and other facilities and amenities, thus eliminating the rude shock of hidden costs.
• Convenience: Booking a serviced apartment is much more convenient and swifter, since it doesn’t entail deposits or credit checks. One can just book online and land up. Also, there is the flexibility of extending the duration of stay if circumstances so demand.
• Privacy: For guests who really value their privacy, a serviced apartment is the perfect solution. Unlike a hotel, there isn’t any disturbance related to constant arrival and departure of guests. You can schedule your housekeeping services as per your convenience, daily or otherwise, that best suits your routine.
Small wonder then that this segment is experiencing a robust growth. Anticipating further traction, the Federation of Hotel & Restaurant Associations of India (FHRAI) is planning a grading and classification system for serviced apartments, to attract both domestic and international operators. So, now is the perfect time to invest in this segment. Our experienced marketing team at Pioneer Property can offer you a plethora of options to choose from.
Disclaimer : Information contained and transmitted by us are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. Pioneer Property Management Ltd. does not offer any such advice. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. We shall not be liable nor shall be held responsible in any manner for any action taken based on the published information (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents.
.png)
Contact Us
Get Direction