Longer stays minimise vacant periods while reducing turnover costs, however limiting an asset exclusively to long stays can lead to missed opportunities for maximising revenue during peak seasons. Coliving spaces in seasonal tourist hot spots can benefit from a flexible approach by offering long-stay tenancies during quiet months, before converting to a short-stay hostel model to capitalise on demand during peak tourist season. An all-in-one PMS manages these flexible spaces, with bookable amenities such as desks, meeting rooms, and event rooms, all eligible to be booked and paid for instantly through a system like res:harmonics. In our latest article, Giles Horwitch-Smith (res:harmonics CEO and founder), provides insight into how operators manage hybrid typologies to maximise profit 👉 https://lnkd.in/etmyTgUj
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With 78% of business travelers planning on combining business and leisure, it’s important that we facilitate our guests’ ability to do both with the spaces we offer. 👇 💬 Advertising local coworking spaces could be very appealing to sections of your market. 📶 High quality Wi-Fi is essential for this segment. 📅 Offering flexible stay options will let these guests adjust their schedule on the fly. Not accommodating the unique needs of your guests may eliminate an entire section of customers entirely. Don’t deprive them of the opportunity of connecting with you. #Hospitality #HospitalityTrends #Bleisure
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As the airport expands, it increases connectivity to major cities, driving more business travelers and tourists to the region. This growth boosts demand for nearby accommodations, leading to higher occupancy rates in hotels and sparking new hospitality developments. Additionally, the expansion encourages companies to set up offices near the airport, offering convenient access for out-of-town clients and employees. This strategic proximity to a transportation hub makes office parks and commercial spaces more desirable, resulting in higher rental rates and reduced vacancy rates in the surrounding area.
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London's Serviced Accommodation Scene in 2024: A Thriving Market with New Opportunities The London serviced accommodation market in 2024 is thriving, fueled by evolving trends and a rising demand for flexible, high-quality stays. Here are key insights for investors and operators to consider: - Extended Stays on the Rise: The hybrid work model is driving an increased need for longer-term stays. - Tech-Powered Hospitality: Automation and smart solutions are reshaping guest experiences. - Sustainability as a Competitive Edge: Eco-friendly practices are now a crucial differentiator. - Navigating the Regulatory Landscape: Compliance with local regulations is paramount. To capitalize on these trends: - Design spaces tailored for extended stays, featuring amenities like kitchenettes and laundry facilities. - Invest in technology to streamline operations and elevate guest experiences. - Embrace sustainability initiatives to appeal to environmentally conscious travelers. - Stay updated on regulatory changes to maintain compliance. Let's explore strategies to navigate this dynamic market together. #KantariganMCGroup #servicedaccommodation #london #hospitality #investment #realestate #technology #sustainability #extendedstay
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What trends are shaping the future of hospitality real estate in Q4 2024? The hospitality real estate sector is seeing dynamic shifts as it adapts to emerging trends. Sustainability is at the forefront, with investors focusing on eco-friendly developments that meet the growing demand for green accommodations. Meanwhile, tech integration is transforming guest experiences, and flexible spaces are becoming more popular as travellers seek both work and leisure options. Additionally, secondary markets are seeing increased interest, offering new opportunities for growth outside of traditional urban hubs. These trends highlight an exciting future for hospitality real estate, where innovation and adaptability are key. Learn more about the top trends in hospitality real estate: https://shorturl.at/ytOzt #HospitalityRealEstate #SustainableInvesting #FutureOfTravel #HBDPartners
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What trends are shaping the future of hospitality real estate in Q4 2024? The hospitality real estate sector is seeing dynamic shifts as it adapts to emerging trends. Sustainability is at the forefront, with investors focusing on eco-friendly developments that meet the growing demand for green accommodations. Meanwhile, tech integration is transforming guest experiences, and flexible spaces are becoming more popular as travellers seek both work and leisure options. Additionally, secondary markets are seeing increased interest, offering new opportunities for growth outside of traditional urban hubs. These trends highlight an exciting future for hospitality real estate, where innovation and adaptability are key. Learn more about the top trends in hospitality real estate: https://shorturl.at/ytOzt #HospitalityRealEstate #SustainableInvesting #FutureOfTravel #HBDPartners
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Hotel sales in London are on course to match or surpass office investment for the first time ever 🛏️ Over the past decade, hotel transaction volume as a percentage of office sale volume has averaged approximately 15% 🤏 However, in the year to June 2024, the share of hotel sales jumped to 63% as deal flow in the office marketed slowed considerably 📈 As the economic environment improves, hotels in London are likely to deliver robust cash flows and attractive returns, enticing investors diversifying portfolios 👀 Shout out to Cristina Balekjian for compiling the article and link in the comments below 👇 #hotels #hoteltrends #offices #commercialrealestate #CRE #data
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𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐒𝐦𝐚𝐫𝐭 𝐂𝐚𝐩𝐬𝐮𝐥𝐞 𝐇𝐨𝐦𝐞𝐬! From cozy accommodations in hotels to stylish eco-friendly retreats and high-tech workspace, these innovative dwellings are transforming businesses everywhere. See how Smart Capsule Homes can elevate your business today! #SmartCapsuleHomes #VersatileHousing #BusinessSolutions #InnovativeUses #HospitalityInnovation #ModernBusiness #EfficientDesign #SmartLivingSpaces #BusinessEfficiency #CommercialSpaces
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The latest issue of CT Chronicles explores the new flexibility business travellers crave when it comes to meetings and events. Corporate Traveller’s Rategang Moroke chats with Lindiwe Sangweni-Siddo, COO of City Lodge Hotels, about how they’re creating more adaptable spaces. From meetings with up to 100 guests to casual catch-ups in co-working areas, the focus is on helping travellers work however they need to—whether that’s a formal meeting or just finding a quiet spot for a virtual call. Business isn’t one-size-fits-all anymore. Learn how City Lodge is creating flexible spaces that work for you. Watch now! https://okt.to/RC1tcO #CTChronicles #MeetingsAndEvents #BusinessTravel #Flexibility #CorporateTravellerZA
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Tuesday Tips: How to Market Serviced Apartments to Corporate Clients: Corporate clients are looking for more than a place to sleep—they’re looking for a space that fuels their productivity and supports their business goals. Here’s how to make your serviced apartments the go-to choice for corporate clients: 1. Highlight Business-Friendly Amenities Showcase essentials like high-speed Wi-Fi, dedicated workspaces, and meeting areas. These details communicate that your property is designed with business in mind. 2. Emphasize Flexibility & Convenience Busy executives value hassle-free stays. Flexible check-in/check-out, tailored booking options, and dedicated support show your commitment to corporate convenience. 3. Location, Location, Location Promote your proximity to business districts, airports, and key venues. Corporate clients prioritize staying close to the action. 4. Offer Corporate Packages Custom corporate packages with special rates, long-stay discounts, and exclusive perks are a magnet for cost-conscious companies seeking high-quality stays. 5. Professional Presentation Ensure your marketing materials are sleek and polished, with high-quality photos, virtual tours, and clear messaging. A professional look reinforces your brand’s value and appeals to business-minded clients. At Homefeel Concierge, we know how to elevate your property to meet the expectations of today’s corporate travelers. Let’s discuss how to make your serviced apartment a preferred choice for the corporate world! 🏢💼 #CorporateHospitality #ServicedApartments #CorporateClients #BusinessTravel #RealEstateMarketing #LuxuryAccommodation #HomefeelConcierge #BusinessStay #CorporateSuccess #shareyourthoughtletsgrow
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Are you ready to elevate your stay in Glasgow to new heights? Look no further than The Spires Serviced Apartments in the heart of Glasgow's vibrant Merchant City! Imagine stepping into your own urban oasis after a long day of meetings, presentations, and networking. Our luxurious serviced apartments offer you the comfort, convenience, and flexibility you need to make the most out of your business trip. ✨ Why choose The Spires? ✨ 🏢 Prime Location: Nestled on Glassford Street in the bustling Merchant City, our apartments place you right in the pulse of Glasgow's dynamic city centre. From trendy cafes to high-end boutiques, everything you need is just steps away. 🛏️ Comfortable Accommodation: Retreat to your spacious apartment, meticulously designed to provide you with a home away from home. Unwind in your cosy living space, prepare a quick meal in the fully equipped kitchen, or catch up on emails in your own comfortable living space. 💼 Business-Ready Amenities: Stay productive with complimentary high-speed Wi-Fi and access to our business facilities. Whether you're preparing for a presentation or hosting a virtual meeting, we have everything you need to stay connected and focused. 🌟 Exclusive Guest Loyalty Rates: Take advantage of our unbeatable Guest Loyalty Rates, available exclusively when you book directly through our website. With rates below £70 on select dates, there's never been a better time to experience luxury for less! 🔄 Flexible Cancellation Terms: We understand that plans can change unexpectedly. That's why we offer flexible cancellation terms, giving you peace of mind knowing that your reservation is protected. You can also book with no minimum length of stay, so stay for 1 night or for however long you like. Don't settle for ordinary accommodations on your next business trip. Choose The Spires Serviced Apartments for an unparalleled experience in Glasgow. Book now and unlock a world of comfort, convenience, and sophistication. Your journey to success starts here! 📅 Book Now: www.thespires.co.uk #TheSpiresGlasgow #BusinessTravel #LuxuryForLess #MerchantCityMagic
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