Serviced apartment sector is “core part” of hospitality industry, says BHA

February 7th, 2015 by markflynn

Branded aparthotels and serviced apartments will be at the forefront of new hospitality innovations and have gained solid recognition as a core part of the hospitality industry, according to the British Hospitality Association (BHA).

Ufi Ibrahim, CEO of the BHA, said that independent apartment-living with the benefits of expert hospitality services are a “popular and fast-growing trend, particularly for young people and business travellers.”

Ibrahim said: “As well as dedicated new brands, many of our international member hotel brands are adding serviced apartment offers to their brand portfolios. That’s why it’s vital to have a dedicated representation within our membership.”

The BHA defines aparthotels and serviced apartments as branded ‘cook-in’ plus sleeping accommodations with various degrees of hospitality services offered.

According to the BHA this sector of the industry often has very specific customer target markets such as the increasingly mobile business traveller, family leisure travellers, retirees or even university students.

Marie Hickey, at Savills said: “While the sector in the UK remains small compared to hotels accounting for only 3% of hotel bed supply, expansion has been picking up pace with almost 50 new site openings over the last two years as opposed to the five openings reported back in 2005, with 3,200 new units in the development pipeline through to end 2017.”

Savills has identified the fastest growth markets for the aparthotel and serviced apartment sector as Birmingham, Aberdeen, Edinburgh, London, Manchester, Liverpool and Newcastle.

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