european serviced apartment
Serviced Apartment Operators Demonstrate Versatility and Innovation Which Is Driving Success
HVS | March 31, 2022
London - March 31, 2022 - The versatility of serviced apartments and the willingness of operators to embrace new concepts are two of the key factors driving the sector’s on-going success, with new brands emerging that focus on co-living and the combination of work and home. Launching its annual Service Apartment Sector in Europe report this week, global hotel consultancy HVS highlights the fact the sector is still very much in a period of expansion, with over 13,000 units expected to open in Europe over the next four years. In addition, operators have been quick to respond to changes in the way people travel and the blending of hom...
The Serviced Apartment Sector in Europe: Poised to Outperform
Simon Hulten | July 3, 2019
By Simon Hulten and Sophie Perret During the last 12 months, the serviced apartment sector in Europe continued to see strong momentum in both demand and supply. This year’s report looks at the recent trends, discusses our analysis of the 2019 lenders survey results and recent transaction evidence and provides an outlook in terms of pipeline. Year in Review The sector continues to innovate, with exciting new brands being introduced and traditional brands being reinvented. Alternative concepts such as co-living, co-working, student accommodation and home-sharing are merging with the serviced apartment concept, creating hybrids as a resp...
European Serviced Apartments Boom as Operators Head Towards New Markets, Says HVS Survey
HVS | July 10, 2018
10 July 2018, London: The European serviced apartment sector has boomed in the past year, with approaching 20,000 units planned for the next five years and some operators within the region interested in expanding into new markets such as Eastern Europe and even the US. According to a survey of leading serviced apartment operators undertaken by global hotel consultancy HVS, the sector saw impressive growth in 2017 with increases in RevPAR (rooms revenue per available room) in London, the UK regions and across the rest of Europe. While operators say their biggest challenge is competing against hotels for central sites, growing demand for ...
