Despite the recession and attendant collapse of worldwide property markets, the global serviced apartments industry continues to expand. In 2010 we estimated that there were 446,996 Extended Stay/Apart-Hotel apartment units in 7,119 locations. Today, we have identified 599,187 units in 8,362 locations – an increase of 34.1% in inventory and 17.5% in coverage. This growth reflects the increasing popularity of serviced apartments with operators and users alike. The perception amongst operators in all the regions covered by this report is that competition is growing. 77.4% of operators who took part in our survey confirmed that local inventory is increasing. The drivers behind serviced apartment usage are space, the ability to self-cater and price. Three years ago, the main factors were independence, comfort and the ability to entertain friends. This reflects the growing maturity of the sector and the steadily increasing understanding amongst travellers and corporates of the benefits apartments can offer over traditional hotels. However there is still much work to be done in educating users about what they should expect from a serviced apartment. Demand for serviced apartments is on the increase, evidenced by the continuing and overriding optimism amongst apartment operators. The relocation industry is placing more short (i.e. less than a year) term assignments; business travel has picked up and is seeing more trips of a week or longer; multi-cultural societies are travelling further and longer to spend time with friends and relatives. These disparate forces are all driving demand. The variations in types of apartment are becoming clearer, although very slowly. Previously restricted to the US, corporate housing is establishing itself in Europe and Asia. India is a now a leading market source for corporate stays and Brazil for leisure stays, demonstrating the growing power of the BRIC countries. Nevertheless product differentiation continues to be an issue, and in this report we have looked at how the sector is trying to make life easier for its customers. However I believe the main difference is a fundamental one.
Extended Stay hotel offerings are typically purpose-built properties catering for stays of five nights or more. The corporate housing industry provides residential apartments with added services, where the average stay is around three months.
Now is an excellent time to switch over from hotel accommodation to serviced apartments for corporate customers. Such schemes allow for more flexibility so there is no need for constant reservation/cancellation. Having a serviced apartment with SriGanesh Serviced Apartments allows corporate customers the flexibility of arranging business travel at any time whereas with hotels the availability is always in question. SriGanesh Serviced Apartments provides all necessary utilities and services one would expect from a 4-star hotel with the convenience of serviced apartments. Now is the time to explore your company’s options and switch to our flexible and luxurious accommodation services.
The term ‘serviced apartment’ is traditionally used to describe an apartment alternative to hotel accommodation for long stay leisure or business travellers. However there are two types of accommodation to which the description serviced apartment applies, with an ever-growing list of sub categories.
1. Extended stay hotels –mainly studios, one bedroom with a few two bedroom apartments typically found in urban locations, ranging in standard from budget to deluxe. All are fully furnished and include -
• En-suite bathrooms
• Fitted kitchen or kitchenette
• Lounge/dining area sometimes including a sofa bed or pull down bed
• Working area, desk, office chair, internet access & direct telephone line
The hotel services usually available from extended stay hotels include -
• Reception desks – some manned 24hrs, others on limited hours (e.g. Travelodge), or none at all
• Daily or weekly cleaning. & laundry service. (Most properties have either shared laundry facility or an in-apartment washing machine)
There are typically no restaurants, bar or lounge areas, although the level of services is generally higher than those found in hybrids Apart-hotels or Apartotels, which are usually a leisure or resort based product, and also come in standards of accommodation and range of services from budget to deluxe.
2. Corporate housing – residential apartments up-graded for stays of 30 days or more and packaged
together with services such as:-
• Weekly cleaning
• Utility charges
• Local taxes
• Telephone and TV
• Guest services – telephone support for maintenance etc
This type of product – also referred to as suite living, residence living and condotel – works as company apartments for either regular visitors or those on extended projects. There are two types of corporate housing:-
• Apartments rented and maintained by the operator on an on–going basis
• Those rented specifically for a particular housing requirement and length of time, after which they are handed back to the owner. This is also referred to as virtual housing.
Here are some of the considerations when deciding which option to select.
• Minimum stay – typically 30 days or more with corporate housing providers, although there are exceptions. Extended stay hotels usually have no minimum lease term.
• Lease agreements – there could be cancellation charges if a stay in cut short as the rate offered is based on the expected length of stay. Different areas have laws covering occupancy and sales tax as it relates to furnished rentals.
• Services – in corporate housing you are more on your own and with less hotel feel.
• Space - corporate housing provides more space than extended stay.
• Rates – it’s a matter of the location required, length of stay and what facilities you want.
• Amenities – remember, you get what you pay for!
All facts and figures are based on the 2011-2012 Industry Report by The Global Serviced Apartments.
There are many businessmen who need to travel throughout the year for business purpose. Therefore they always want a second home in any country or any city where they went on a business tour. Mumbai is the economic capital of India and thus many comes to Mumbai almost every month. These businessmen or business travelers wish for well organized service apartments in navi Mumbai. The amazing service and homely comfort is what one always wants to get which is quite not hard to get in a hotel’s room. For business travelers these service apartments offer special and unique rooms which swipe away your homesickness and on the other hand do not disturb your professionalism. Therefore business travelers do not find it difficult to adjust in navi Mumbai. The service apartments in navi Mumbai offers all the facilities that one requires and specially looks forward to get at fairly economic rates. While giving such services business travelers also get the professional environment they look to get motivated towards their work without getting homesick.
Service apartments in navi Mumbai look after the basic needs of the business travelers like conference rooms, internet access, free wireless as well as the wired broadband connection with large bandwidth, plenty of electric sockets, free local calls, bright spectrum lighting especially near the study table, a well maintained gym, beauty salon to provide the last minute service to the business travelers, quite and soundless rooms, and much more. Business travelers in navi Mumbai get all these services even more than this. They get the heavenly treatment as a guest because in India guest is considered as the almighty.
There is always a need to get that cozy, homely feeling whenever you are away from your sweet home and crave for that comfortable feeling of being at home. Be it a business tour or a holiday with your friends or family; need of homely feeling can be fulfilled by guest houses. Mumbai is the place which is mainly popular as the economic capital of India and also a famous tourist spot of India. When you come to Mumbai there is a need of getting a comfortable place to stay. Staying in hotels is the easy way but what if you get your own home in Mumbai? Yes this is possible and you can get guest houses in navi Mumbai. These guest houses resemble to your home and give you the same homely feeling even in a city that is stranger to you. Guest houses in navi Mumbai are available at affordable rates and are very much comfortable. The cozy feeling of being in your own home is very important as you constantly feel secure in a new and completely stranger city. Home though being non living thing provides moral support and the warm feeling always protects you. The same feeling you get in the guest houses in navi Mumbai and you never feel lonely in the new city.
Guest houses in navi Mumbai are loaded with every small but important services and you need not to struggle to get the things right. These guest houses in navi Mumbai are similar to the service apartments in navi Mumbai and provide the same quality service at pocket friendly rent. The decision which you make to get guest houses in navi Mumbai for you and your family or your staff is worth the money you pay. All the facilities are loaded in the guest houses in navi Mumbai and that makes them worth stay in.
A business tour becomes dreadful when you have to stay in boring hotel rooms where every now and then a care taker would come to disturb you right when you are trying concentrate on your presentation in the coming seminar or meeting. But this wouldn’t be the case when you opt for deluxe yet affordable corporate lease. This is a simple yet comfortable home like place which give you the same relaxation and freshness which you feel at your “own home”. There is nothing as relaxing as rely on your chair and preparing documentation for your corporate meetings. At home you did not get disturbed by anyone but it is not possible in hotels. You get disturbed every now and then by the hotel staff. Very irritating, isn’t it? To avoid all these issues you can choose to live in service apartments in navi Mumbai and the providers will certainly provide you the deluxe and cozy corporate lease.
In a hotel’s room, it is not possible to set up a meeting with your colleague in one room and there you find the corporate lease apartment’s room quite comfortable. It is because you need not to shift the furniture to make space for your colleagues or you need not to set up a meeting over the bed. You will get a complete corporate feeling at the corporate lease apartments. Thus getting service apartments in navi Mumbai not only vanishes your homesickness but also provide you the corporate environment which you require to achieve the best in your business meetings or seminars. This is all because of the well serviced business lease apartments.
Who would not like to get the comfort and homely feeling even if one has to stay away from home? Many strive to get the familiar feeling of being at home especially when they are on a business tour or a vacation. It feels very nice to spend the holiday with dear ones at far places but it’s hard to find it along with the comfort of your own house. This is possible with the cozy luxury apartments. Mumbai is known as the business capital and also one of the most famous tourist attractions. The luxury apartments we offer you take away the homesickness and still give you the opportunity to explore the wonderful city. The homely feeling and the comfort you can get in these luxury service apartments are rarely found in any of the other locations in Navi Mumbai. This is your second home when you are on a holiday or on a business tour.
Luxury serviced apartments provide you the cozy, warm feeling of a home and along with it the feeling of loneliness vanishes. Therefore when one comes in Mumbai he /she looks for service apartments in Navi Mumbai as they are affordable and provides the best service. Luxury serviced apartments in Mumbai do not put a burden on your pocket. You can plan and get luxury service apartments as per your budget and convenience. A comfortable bedroom that evaporates your fatigue in seconds, a classic kitchen that allows you to become the super chef and of course how could you forget the cozy bathrooms where you can see yourself transforming into the refresh individual again; all these you get in luxury serviced apartments.