Accommodation options when travelling are vast. But the traditional hotel room is facing a new challenge- the serviced apartment. Derag Livinghotels offers both traditional hotel rooms for short stays and serviced apartments for extended stays across 8 European cities. Here, the Munich-based company explains why they think serviced apartments are a more attractive alternative to hotel rooms.
Recently, the serviced apartment industry has grown at an impressive pace and is on its way to outperform the traditional hotel accommodation sector in the coming years.
The Australian market, for example, is forcasting total returns ranging between 13% and 15% per annum in the apartment sector and 10% to 11% in the hotel sector within the next two years.

If you’re relocating, you may – for any number of reasons – need to find short- or long-term temporary accommodation. The choice can seem daunting. But don’t despair! In many cases, the growing serviced accommodation sector can provide the ideal solution.
Serviced accommodation is a rapidly growing industry in the UK. It is not a new phenomenon: serviced apartments have been available here since the 1980s and are highly popular in countries such as the USA, Australia, South Africa and Singapore.
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For a versatile solution to short-term home-finding problems, serviced accommodation is hard to beat. Though hotels can be luxurious and convenient, they can also smack of enforced anonymity, of living out of a suitcase. Today, what ten years ago might have been seen primarily as an option for tourists travelling with their large families has become the smart choice for everyone from new graduate recruits to CEOs of leading blue-chip companies. “What we’re able to offer,” says Richard Majewski, marketing manager of Executive Roomspace, “is a home-from-home environment, where clients can enjoy privacy and space but with everything they need to make life pleasant and practical – from a bottle-opener to broadband connection. Meanwhile, the HR team that’s responsible for sorting out where the employees are staying knows that they’ve got a cost-effective solution that’s far less hassle to arrange than, say, the short-term lease of a flat.” 


