UK: The Serviced Apartment Company (SACO) has reported a 21 per cent rise in revenue for its 2014 financial year.
The company, which provides serviced apartments in 220
destinations around the world, saw corporate bookings rise 15 per
cent during the period, with online bookings up
Ben Harper, sales director at SACO, said: "The popularity of serviced apartments continues to grow, and today's savvy business travellers are embracing the flexibility and freedom that come with having a whole apartment to live in - without sacrificing the reliability of a globally-recognised brand. However, the important thing from a long term perspective is that when people trial a serviced apartment, we're exceeding expectations. Our satisfaction levels are up 3% on last year, with 94 per cent of visitors rating their stay as excellent or above. It is this consistency and quality that is driving repeat bookings and establishing SACO as a major player in global hospitality."
In the past year, SACO has increased its global presence to 52 countries, with the total number of apartments it offers passing the 30,000 mark for the first time. In the UK, SACO grew its London footprint by 25 per cent, expanding its total UK portfolio by 13 per cent.