There has been a distinct change in the needs of contemporary business travelers. Instead of choosing conventional hotels, they are increasingly opting for serviced apartments in recent times. What lies behind this switch? There are several reasons, ranging from the rise of extended business stays, remote and hybrid work models, and the need for more flexible leases to match with current schedules.

This is where these apartments are becoming more viable choices for travelers and companies alike. Let’s learn more about them below.

Why Business Travelers Are Switching from Hotels to Serviced Apartments

There is more demand for serviced and furnished apartments among business travelers these days. Some of the key reasons include:

• More Space and Comfort than Hotels - Booking your own apartment automatically gives you more space and home-like comfort as compared to hotels. For starters, it will have a dedicated living area and separate sleeping area, along with ample space and plush furnishings along with other essentials. This helps you settle in quickly and feel at home, while enjoying the space you need to stay productive and relaxed.
• Cost-Effective for Extended Business Stays - Serviced apartments accommodation will be more cost-effective than hotels for extended business stays. You get all-inclusive rates that cover utilities, housekeeping, laundry, and Wi-Fi. At the same time, you can also cook your meals and save money on dining out each day.
• Fully Equipped Kitchens for Convenience - These apartments have well-equipped kitchens that enable easy cooking of meals as per your preferences. You can stick to your dietary preferences and save money on daily dine-outs simultaneously.
• Ideal for Remote and Hybrid Work - Imagine the space and tranquility you get to enjoy at your apartment, along with dedicated workspaces and work desks. You also get high-speed internet and other corporate-friendly amenities. The entire atmosphere is immensely conducive for remote and hybrid work, team meetings (both virtual and in-person), and other professional duties.
• Privacy and Flexibility - You can stay flexibly as long as you want, with convenient and extendable leases, which is not possible at hotels. Both short and long-term business traveler accommodation leases are available. You can invite people over, cook meals, be a part of the neighborhood, and live your life flexibly as you want. At the same time, the sheer privacy is a lot more than a hotel.
• Hotel-Like Service with Home Comfort - Your apartment will blend home-like comfort with hotel-like services, such as laundry, housekeeping, cleaning, concierge, receptions, and more. This is a major advantage for any corporate or business traveler.
• Better Locations for Business Needs - You will naturally want to stay in close proximity to major business and commercial hubs, corporate offices, and public transit points. These apartments ensure just that for maximum convenience.
• Corporate Travel Trends Driving the Shift - Some of these key trends include a growing emphasis on corporate travel cost control, more freedom and flexibility in lease terms, a need for higher employee satisfaction and wellbeing on relocations or project-based shifts, hybrid work cum living spaces, and of course, self-catering and laundry provisions. The latter two amenities are desired by a large section of business travelers today, particularly in the Gen Z and millennial segments.

Conclusion

As you can see, serviced apartments are steadily becoming the preferred choice for business travelers, on account of their space, privacy, flexibility, amenities, strategic locations, and affordability. These are key factors that are drawing more companies and professionals alike, namely the sheer comfort, long-term cost savings, and of course, the flexibility to stay as long as you like. So, you can work peacefully, call colleagues over for brainstorming sessions, get hotel-like services and support, enjoy cooking, lounging about, or relaxing in your own space, and get total privacy. What’s more, you can even immerse yourself in the local community, since it’s just like a home away from home.

Indeed, serviced and furnished apartments are certainly the future of business travel accommodation globally They are expected to witness a rise in demand in the near future, as more corporates look for comfortable, affordable, and more enjoyable stays rather than putting up at conventional and cramped hotels.