The Association of Serviced Apartment Providers (ASAP) recently reported a growth in serviced apartment occupancy in the UK at 85 per cent for the third quarter of 2013.
This growth in occupancy rate proves the continuing strong demand for serviced apartments across the UK with many investors looking at expanding their portfolios, which confirms confidence in the future prospect of the industry.
Serviced Apartment usage by UK companies has grown since 2011, with 60 per cent of UK corporate travel policies including this type of accommodation.
The growth in popularity of this industry is reported to be due to long-stay options, quick and easy reservation process, free WiFi and free allocated parking. The fully equipped kitchen makes it a good choice for families in particular. It gives them the option to prepare cooked meals instead of dining out. Serviced apartments are also recognised as a more cost-effective alternative for extended stays, corporate stays and leisure week-end travel.
Cotels Serviced Apartments are all conveniently located within City Centres close to travel links, businesses as well as social, sports and convenience amenities.
Stronger awareness has resulted in many travellers making serviced apartments their accommodation of choice.