More corporate buyers using apartments

serviced apartments, hotel, room, type, business travel, corporate, trend, asap, Business Travel Show, poll, survey

Serviced Apartments Melbourne

More buyers also moving spending from luxury to budget hotels

A rising number of corporate travel buyers increased their use of serviced apartment suppliers in 2017, reaching one fifth of the total, according to a new poll.

A similar number of buyers directed more spending for business travellers to budget hotels (22%) and over a third (37%) to mid-range hotels. Contrastingly, 28% used five-star hotels less often than the previous year.

This is according to a recent poll of 243 travel buyers carried out by the Business Travel Show in collaboration with the Association of Serviced Apartment Providers (ASAP) ahead of the ASAP Convention in London on December 6-7. The next Business Travel Show takes place at Olympia London next year on February 21-22.

Around 32% of respondents to the poll were from mainland Europe, 24% from outside Europe and the rest from the UK.
When asked why they book serviced apartments, 57% of respondents said it was because they provide value for money. This was followed by convenience, flexibility, extra space and long-term suitability.

Apartment budget
Of those buyers who incorporate serviced apartments in their programmes, more are allocating a higher percentage of their budget towards them. For example, in 2016, 7% of buyers spent between 11% and 25% of their budgets on serviced accommodation. This year, that rose to 13%, while the number of buyers spending between 26% and 50% remained consistent.

But with 42% of buyers not using any serviced accommodation suppliers and 38% still vetoing sharing economy providers (although a massive drop from 91% last year), the poll shows there is still a way to go for alternative accommodation providers to be an automatic choice for travel buyers.

Related stories

Nordic room provider links with Airbnb

Airbnb links with corporate travel platform

Companies overspend on LRA rates

 

x

Check Also

Forenom, apartment, aparthotel, hostel, Helsinki, Nordic, Stockholm, Finland, Oslo, buy, corporate, travel, stay, HotelHome, SATO

One more step for Nordic apartment provider

Forenom acquires the HotelHome business from SATO Group.

Ryanair, cancel, list, flights, CAA, warning, legal, law, passengers, rights

New Ryanair fee – only for Israel

Airline angers passengers with sudden charge.

Welcome to Ras Al Khaimah – winter sun and adventure for the whole family

ADVERTORIAL: Ras Al Khaimah, the northern-most emirate of the UAE, offers its visitors a truly authentic Arabian experience; from its golden beaches, lush mangroves and terracotta deserts, to the towering Hajar Mountains bordering Oman.

Scandic, branding, experiences

Scandic predicts lower earnings

Decreased earnings in Swedish operations and higher costs

Wow Air, Iceland, low-cost, LA, California, transatlatic, long-haul, A330

WOW air sees 69% passenger growth

Low-cost upstart’s fleet to grow to 24 aircraft in 2018

Lufthansa beats Ryanair as Europe’s top airline

Lufthansa Group as a whole carried 130 million passengers in 2017