Record results for SACO as revenue grows by more than 10 per cent

George Sell By George Sell
22 June 2014 | Updated 30 January 2017

UK: Serviced apartment provider SACO has posted record financial results, recording an eight per cent increase in occupancy levels.

The results for the year ending April 30 showed a 15 per cent occupancy rise in Birmingham, 11 per cent in Bath and 9 per cent in London.

SACO recorded revenue growth of more than 10 per cent for the year to April 30, with occupancy levels in Birmingham up 15 per cent, in bath up 11 per cent and in London up nine per cent.

Managing director Stephen Hanton said: "I believe the sector is seeing really positive growth as we and our colleagues demonstrate the value and lifestyle benefits of serviced apartments. Within SACO there is a real drive across all the teams to be ambitious and deliver outstanding results in every aspect of the business - including making sure we offer a very warm welcome to clients and guests at whatever point they come into contact with us. Combine that approach with the many innovative changes we have made this year along with significant client wins in both the corporate relocation and travel sectors and the results speak for themselves."

SACO is a sponsor for the Serviced Apartment Summit in London next month.

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