According to SilverDoor’s February market report, there is a trend towards “more complex” larger scale, events-based bookings, particularly connected to sports and entertainment, and this looks set to influence growth in demand for serviced apartments.
In APAC, India’s key cities are seeing strong corporate interest, while Riyadh and Abu Dhabi are emerging as Middle Eastern hotspots thanks to infrastructure investment and business-friendly policies.
Meanwhile, the Eastern European countries of Poland, Romania, Czech Republic, Hungary, Bulgaria and Croatia are gaining traction as cost-effective corporate hubs, with a 29% year-over-year rise in accommodation enquiries.
The report also highlights a slight drop in average daily rate, but length of stay and lead times for booking staying roughly the same across regions.
