Advantages of Offering your Apartment as Serviced Accommodation-00-5622

This type of accommodation offers owners a greater rate of return on their investment and has become a direct competitor to regular hotels. These apartments offer fully-furnished accommodation where guests can enjoy homely comforts and conveniences during their stay, as opposed to the standard, under-equipped hotel room.

Serviced apartments are increasing in popularity with corporate travellers who spend prolonged periods of time in foreign cities and countries on assignment or placement. The length of stay is usually between three weeks and six months (or more), and numerous high-profile companies have turned to serviced apartments as the number one accommodation choice for their employees and contractors abroad. Numerous graduate programmes are also using this type of accommodation for students on placement as providers now offer serviced apartments that are specifically built for this purpose.

An agent, preferably independent, is the main port of call in terms of promoting your apartments. With its substantial client base, an agent has the expertise and means to secure short, medium and long-term occupancy levels which generate a higher income than a standard rental, and an agent will work with businesses and companies that require serviced accommodation on a regular basis. Agents will also have on-going online marketing campaigns to promote serviced apartments in a particular area, ensuring that their business is promoted ahead of the competition in search engine rankings. Most importantly, an agent promotes serviced apartments in general which is good for any operator or apartment provider that the agent has featured on their website.

So, what is required of providers who are thinking of setting up serviced accommodation? Firstly, you need a minimum of three to ten apartments within the same development as corporate groups often require multiple apartments within the same location. The apartments should be in excellent condition, clean and suitably furnished for corporate stays. This should include a full kitchen or a kitchenette at the minimum, and there should also be a decent quality TV with channels like Freeview, SKY, Virgin, FreeSat etc, high-speed Wi-Fi or broadband internet and laundry facilities (either within the apartments or in the development). It is also mandatory that a serviced apartment be cleaned at least once a week with a change of bedroom linens, kitchen linens and bathroom towels, and this is to be included within the rate.

Additional services, that are not necessarily essential but which are of benefit to guests, can include dry-cleaning and laundry, grocery shopping, airport pickup and secretarial support. Some purpose-built serviced apartment developments will also feature on-site fitness facilities, a swimming pool, a business centre, meeting rooms, restaurants, bars and a small shop that will sell essential groceries and household products.

If you are considering letting out your properties as serviced apartments, why not promote them through SilverDoor? As well as offering serviced apartments London, SilverDoor represents properties in 190 international cities.

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