Serviced Apartments: Checking in for the Long Term
By WATG Advisory
July 7, 2015
This complimentary paper was compiled by WATG Strategy. We offer clients research-led development advice, concept definition and financial feasibility to help simplify the complexities of resort development. We also produce white papers exploring trends and characteristics of sub-sectors of the hospitality and real estate industries.
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No longer the unglamorous hospitality sub-sector, recent years have seen the serviced apartment model blossom into a dynamic, efficient and fun alternative to other forms of lodging that responds to a number of emerging travel trends.
What’s more, the economics are highly appealing too. As the sector evolves, there is a need for greater intelligence and understanding of the nuances of this real estate asset class.
WATG Strategy interviewed a cross-section of experts in the serviced apartment sector on the appeal from the perspective of the developer, investor, operator and end-user. This feedback is shared, along with a commentary on the role of design.
In this 15-page paper, WATG Strategy overviews the serviced apartment landscape, delving into economics, operating performance, ROI, and design.
Highlights include:
- Evolving trends
- Serviced apartment brands
- Development economics
- Operating performance metrics
- Innovative design
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