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.