In addition to amenities, residents of serviced apartments enjoy having more space than the typical hotel room. Unlike the average hotel rooms, most serviced apartments have multiple rooms separate from the sleeping quarters. An apartment may also feature kitchen, working, and entertainment areas. Having more space means business travellers and their families feel like they are going home at the end of the day, not to a confined space.
With working conditions and business travel evolving, the demand for alternatives to hotels is on the rise. The concept of serviced apartments meets these growing demands with the promise of greater comfort and a customisable stay. The German Business Travel Association (VDR), reports about 6 million overnight stays in serviced apartments per year in Germany alone. Requests for these apartments surpass that number by a fourfold. These stays cover 62% of the apartment/hotel industry in Germany. This isn’t exactly surprising, considering the extent to which this industry is booming.