This is reflected in the company’s portfolio, which shows that aparthotels are outperforming the long-term rental rate, on a net basis, by over 50%.

Max Urban, co-founder and managing director at Propr, says that the growing demand for high-quality accommodation within domestic and international travel markets has led to the emergence of serviced self-catering accommodation that offers the amenities of a hotel combined with the convenience of a lock-up-and-go apartment. “Travellers are in search of accommodation that provides great work areas and also offers recreational spaces. Some are looking for a short-term stay, while others need a place for an extended period. Aparthotels cater to this type of traveller.”

Saving property owners time and money

Urban points out that the upward trajectory of international tourism, staycations and digital nomads shows no sign of slowing down. “Aparthotels can provide property owners with more stable occupancy rates resulting in more revenue.”

He adds that setting up an aparthotel with a professional property management company means that the building will benefit from a 24-hour welcome desk at no cost to the property owner.

The best of both worlds for travellers

“Guests can enjoy hotel amenities without hotel formality,” notes Urban. “Seamless check-ins, daily housekeeping, crisp fresh linen, and stocking of fridges are just some of the amenities that guests can enjoy. They can stay one day, one month or even longer. Additionally, aparthotels typically offer great communal areas like pools, co-working spaces, gyms, coffee shops or rooftop decks where guests can meet other travellers.”

Courtesy of Bizcommunity – read full article here.