The Global Serviced Apartment Industry Report (GSAIR) 2024, issued by Ariosi Group, part of the Habicus Group, has revealed that the corporate demand for serviced apartments has levelled off after a spike in the pandemic years. The survey that involved 3,000 corporates, serviced apartment operators and agents, along with interviews conducted in March and April 2024, disclosed that the use of serviced apartments by corporates has seen an 11.2% decrease year-on-year. The declining numbers suggest serviced apartments are losing ground to hotels in the extended-stay market, showing a shift in preferences among corporate travel programmes.
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