Serviced apartments benefit from the ‘Credit Crunch’

Select Apartments, a specialist in the corporate serviced apartment sector, is reporting a shift away from traditional hotel bookings in favour of short- to medium-term apartment rentals throughout the UK. It believes this is a direct result of the ‘credit crunch’ and current economic downturn.

Companies can expect to save up to 30% on the cost of equivalent hotel accommodation when booking a serviced apartment and minimum stay requirements can be as little as one night.

“With accommodation and relocation budgets being squeezed at the very time when companies are relying more substantially on secondment and the outsourcing of staff, we are receiving an increased level of enquiries and bookings for serviced apartments,” said Adrian England, Marketing Director of Select Apartments.

“The most important criteria for assignees living and working away from home for more than a few nights is comfort and space; the ability to cook the food you like to eat in your ‘own’ kitchen and the opportunity to meet and socialise with other travellers,” adds Adrian. “A serviced apartment fulfils all these requirements and more, whilst affording tremendous flexibility and value for money.”

For organisations with teams or individual business travellers working on projects or relocating with their families to other parts of the UK, Europe or beyond, then the ability to organise a real ‘home-from-home’ is rapidly becoming a serious alternative to the traditional hotel stay. With the added benefits of superb locations, space in which to relax, work and entertain, wireless broadband connectivity, in-house gyms, reassurance of 24-hour service and no gardening, living in a serviced apartment can be even simpler than living at home!

Select Apartments, which has more than 10 years’ experience providing first class apartments solutions for business people and their families, has produced a directory of serviced apartments, in addition to the latest and most comprehensive listing on its website at selectapartments.co.uk. It prides itself on offering a very personal, individual service with an experienced team who are more than willing to ‘go the extra mile’ to ensure that assignees and their companies receive the very best attention.

For further information about Select Apartments and its range of serviced apartments throughout London, the UK, Europe and worldwide visit selectapartments.co.uk.