Serviced apartments and extended-stay properties with kitchen facilities are gaining renewed interest from corporate travel programs, according to the 2017 Industry Forecast from business travel consultancy Advito.
Some reasons for the boost in popularity:
- These accommodations provide a compromise between hotels and Airbnb-style private offerings.
- Business travelers who use sharing-economy accommodations for leisure travel are growing fonder of the home-like amenities these properties offer.
- Travelers with strict dietary needs can be well served in properties with full kitchens.
- Hotel room scarcity in some markets has encouraged travel programs to consider these alternatives.
Extended-stay brands like Marriott’s Residence Inn have upgraded their products dramatically over the past three years, Advito reports. The consultancy advises it may be time for travel managers to give this accommodation niche another look.
Get more analysis and insights by downloading Advito’s 2017 Industry Forecast. Want to discover how to use the insights to improve your travel program? Talk to your BCD Travel account manager or email Advito at [email protected].
