What is a Serviced Apartment? All You Need to Know to Head Out in 2024

A service apartment is a fully furnished apartment that is available for short-term or long-term stays. It provides daily use amenities, housekeeping and many other services, all included in the rental price. Let’s say you want to get into the real estate business. In this case, it might be a good idea to diversify your portfolio by investing in service apartments and serviced accommodation. After all, it’s an investment and you’ll continue to make money from it, and it’s a property under your name. However, it is important to do proper research on the project before signing a contract. 

Serviced Apartments A serviced apartment, like a traditional hotel, provides short-term or long-term accommodation to its customers. The main difference between the two is the size, price range and services offered by the serviced apartment. Service apartments may have the same dimensions and structures as a home, unlike a hotel.

Service apartments are a space to relax! A fully furnished and comfortable serviced apartment offers more space than a hotel room. For extended stay business guests, a serviced apartment provides a secure and spacious base from which to live and work. What’s the difference between a hotel and a serviced apartment? Service apartments are functional and spacious. They offer many of the amenities of a traditional hotel, but with more space, convenience, and privacy. You can live like a local when you travel – and usually at much lower cost, which means that a serviced apartment might be the better option for you.

Since there is no specific category, when you book an apartment, it is usually just called an “apartment” and is offered as an alternative to regular hotel rooms. Most online booking platforms have been offering serviced apartments for a long time. If you are planning to stay in a different country or a city for a long period of time, staying in a hotel is not the best option for you. Even if it offers comfort, it is not an economical option. 

Not only are serviced apartments more affordable than hotels, but they can also offer better amenities. In the past, serviced apartments only provided essential services like housekeeping, security, etc. However, in order to meet the changing needs of the customer, they now offer swimming pools, sauna facilities, parking facilities, gyms, fitness centres and other amenities.

serviced apartments include amenities such as: Equipped kitchen Separate bedrooms Drawing room Washing machine wi-fi Water supply Electricity & power backup Housekeeping

So why make the initial decision to rent a serviced apartment? The following ten factors support our belief that renting a serviced apartment might be advantageous:

Concierge services: The majority of serviced apartments include a round-the-clock concierge that helps visitors in the same way that hotels do, but also provides a wealth of local information, such as recommendations for restaurants and transportation, as well as room delivery services. 

Home comfort: Unlike hotels of the same price range, serviced apartments offer separate living rooms and bedrooms in addition to a variety of entertainment options, so staying there may be similar to being at home.

Fully functioning kitchen: A serviced apartment is a better option for extended stays because it has a fully functional kitchen that includes a refrigerator, dishwasher, washer/dryer and other appliances. In addition, you have the option to ask the concierge to arrange a private chef supper for you alone.  

Tailored stay: You may truly tailor your stay in a serviced apartment to suit your needs, from specific requests to concierge services’ advice.

Privacy of space: You can be confident that serviced apartments provide the required privacy for whatever you need to accomplish, including entertaining, hosting visitors, planning a dinner party, and more. 

Efficacy in terms of cost: When it comes to amenities and comfort, serviced flats are far less expensive than hotels.

Security: Not only are serviced apartments required to adhere to strict sanitary and safety regulations, such as the COVID-19 norms, regarding the handling of guest luggage and sanitization, but you can also be confident that your stay will be secure.

Room service: You may have been aware that regular housekeeping services are provided with serviced apartments, guaranteeing that your room is always immaculate.  

Fully furnished: You can be confident that serviced apartments are fully equipped to meet all of your needs, much like hotels. 

Roomy: Serviced apartments have more room than hotels do. For this reason, long-term business and leisure tourists also like to seek it out.

No long-term contracts, no big deposits. A serviced apartment can also be called an aparthotel, apartments within a particular building in a housing complex, with all the amenities mentioned above. Keep in mind that a service apartment is the best option for a long stay or a short visit, and you can shorten it at any time. Many people also call it ‘corporate housing’ because it’s available on rent for a short period of time. In the pandemic world where everything is a new normal, service apartments are crucial as they guarantee cleanliness wherever you go.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.