Executive Apartments:
Of all markets for serviced apartments London is still the largest with contractors accommodation proving popular in the regions. Furnished apartments in the UK developed out of the holiday home vacation rental sector, short let, self-catering, corporate housing and the all-suite, extended stay aparthotel around 1980 and quickly established the new short let self-catering London serviced apartments as well as contractors accommodation. Apartments initially flourished in the corporate accommodation sector in response to demand for larger, more comfortable, better-priced executive accommodation for business travel, temporary assignments, company training and corporate relocation.
There was initially a concentration of furnished apartments in London as a major business travel destination. The London serviced apartments model rapidly spread to cities and towns across the UK and in particular to Birmingham, Bristol, Manchester, Leeds, Liverpool, Newcastle and Sheffield as well as Aberdeen, Edinburgh and Glasgow in Scotland. With this spread of apartments, London was no longer the only city in which the benefits of more space and lower rates could be enjoyed.
Contractors Accommodation:
Accommodation for contractors are now provided largely via the more recent development of the serviced accommodation SA market in houses nationwide. Most are based on the R2SA Rent to Serviced Accommodation model. Rates are very competitive and the contractors will often book on a Monday to Friday basis, for several weeks and even months. Although this means a house is shared, most management companies have introduced careful social distancing, sanitation and self-check-in procedures in the wake of the 2020 Covid-19 virus crisis.
Aparthotels:
Some apartment brands developed multi-unit serviced studio accommodation. They introduced reception areas and moved into the C1 license aparthotel sector occupied by the all-suite hotels and hotel companies. This resulted in the extended stay hotel or aparthotel model – a popular compromise and the best of both worlds for many. They provide hotel facilities such as reception, self-service snack and bar and a communal area to meet other guests, whilst still offering a self-contained serviced apartment. Ideal for corporate housing, as well as for training, temporary assignments & relocation. The Extended Stay Apart hotels London concept has added another dimension to the London hotels sector, championed by the popular global hotel brands such as Staybridge, edyn, Staycity, Adagio, Residence Inn and Hyatt House.
Co-Living:
The much more established HMO lettings sector of much smaller residential units, the aparthotel model and modern student housing familiar to the new millennial generation combined into an offering which married accommodation, cooking facilities, social space, work space and social events into the co-living concept in London and worldwide, with an emphasis on “community”.
Serviced Accommodation:
This term in some respects embraces two concepts. On the one hand it can refer to all property models, from apartments, aparthotels, vacation rentals, holiday homes, co-living and houses all of which are furnished self-catering short let short term accommodation rentals. On the other hand, it also refers to the more recent SA property strategy mentioned above and in particular suburban houses servicing the leisure stays , contractor accommodation, group and family short-breaks markets. We are pleased to be able to present to you a rapidly growing and very comprehensive selection of properties. This means we can offer an abundance of city centre short term accommodation, executive apartments and all types of property from traditional to trendy.
There are large luxury penthouse apartments with ornate furnishings as well as modern, minimalist and retro furnished apartments and lofts. Prices can be up to 30% cheaper than London hotels of a similar standard for those who are happy to forsake the facilities of hotels for corporate apartments which allow space to work and relax. Relocation to London and the UK of executives and their families relies to a significant extent on corporate housing accommodation as well as furnished apartments and aparthotels rather than London hotels. Also increasingly important are the professional rental hosts offering apartments and whole houses for London relocation.
A Sector in constant development:
The marketplace is very fragmented and the following search terms may help you to find the right property for you, in this case for London: Serviced Apartments London, Serviced Accommodation London, Short Let London, Self-catering London, Short term accommodation London, Short term Lets London, Serviced Accommodation Birmingham, Serviced Accommodation Manchester, Short term Rentals London, Furnished Apartments London, Executive Apartments London, Corporate Housing London. There are also regional variations of the accommodation phrase. For example in France, often referred to as Residences, in Germany as Boarding House and in India as Service Apartment.
Short Stay Apartments Ealing | Holiday Apartments Southampton
We hope that the above is of interest and assistance!
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