UK serviced apartment sector set to see record growth in 2017
By George Sell
22 February 2017 | Updated 22 February 2017
UK: The UK serviced apartment sector will grow by 2,600 units in 2017, a 13.8 per cent increase on current stock.
The figures come from the Savills 2016/17 UK Extended Stay
report.
Key new openings include properties from Staycity Aparthotels (Manchester and London),
CitySuites (Manchester), Marlin Apartments (London), Grange Hotels (London), SACO (Edinburgh), Lateral City (Edinburgh), and CityStay (Milton Keynes).
James Foice, chief executive of the ASAP, said: "It's fantastic to
see such strong confidence in our serviced apartment sector with so
many significant new openings by our members this year including a
number of sizeable aparthotels. And it's especially good to
see that the expansion is happening in key cities right across the
UK including Manchester, Edinburgh and London, as the consumer
demand for serviced apartments continues to increase."
