Apartment Accommodation: A Rising Star in Serviced Stays



The Insider @ Houst
Last updated on
February 16, 2024

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Apartment Accommodation: A Rising Star in Serviced Stays

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Apartment accommodation is quickly becoming the darling of the serviced accommodation sector, offering a cosy home-away-from-home for travellers of all stripes. Whether you're a tourist on a whirlwind tour, a business traveller in need of a temporary base, or simply seeking a change of scenery, these self-contained, fully furnished spaces offer a blend of the homely and the luxurious. With the convenience of a hotel but the personal touch of your own living space, they tick all the boxes for comfort, privacy, and flexibility.

The appeal is undeniable. In bustling urban centres like Sydney, Melbourne, and London, serviced apartments provide a peaceful haven amidst the city's hustle and bustle. They're not just for the globetrotters either; holidaymakers are finding these apartments a perfect pick for longer stays, offering more bang for their buck compared to traditional hotel accommodations.

Despite a few bumps in the road – like the closure of some units amid the pandemic – the sector has shown remarkable resilience. Independent operators, in particular, have thrived, carving out a significant niche in the market. With the industry forecasted to continue its upward trajectory, apartment accommodation is not just surviving; it's thriving, buoyed by a growing pool of investors recognising its long-term potential for diversification and strong returns.

So, whether you're planning your next holiday, scouting for a business stay, or considering an investment, apartment accommodation offers a versatile and appealing option that's hard to overlook.

Table of Contents

What Makes Apartments Accommodation Unique?

What sets apartment accommodation apart in the bustling world of travel and lodging? Let's dive into the unique charm and practicality that these spaces bring to the table, setting them apart from more traditional options like hotels and B&Bs.

Defining Apartment Accommodation:

At its core, apartment accommodation encapsulates the essence of home in a package tailored for the traveller. These self-contained, fully furnished spaces are designed for living, not just staying. They come kitted out with everything you might need, from cosy beds and private bathrooms to fully equipped kitchens where you can whip up your favourite meals. It's about blending the autonomy of living in your own space with the convenience and services typical of a hotel stay.

Key Features That Distinguish Apartment Accommodation:

  • Homey Atmosphere: Each apartment is a haven of comfort, offering more than just a place to sleep but a space to live and relax.
  • Self-Sufficiency: With kitchens, laundry facilities, and living areas, guests enjoy the freedom to maintain their daily routines, uninterrupted.
  • Privacy and Space: Separate bedrooms and living spaces mean guests can unwind and entertain without compromise.
  • Personalised Stay: Beyond the cookie-cutter approach of hotels, each apartment offers a unique experience, reflective of its locale and individual charm.

How Apartment Accommodation Stands Out:

  • Versus Hotels: While hotels serve up luxury in the form of on-demand services and amenities, apartment accommodation dials up the independence, offering guests a slice of everyday life, however far from home they might be.
  • Living, Not Lodging: Unlike the transient nature of hotel stays, apartment accommodation invites guests to settle in, offering a minimum stay that encourages you to unpack, unwind, and explore at your own pace.
  • The Daily Details: Where hotels shine in daily housekeeping and 24/7 staff support, apartments offer the sweet satisfaction of self-care—be it meal prep in your own kitchen or laundry done to your personal standard.

In essence, apartment accommodation is about offering the best of both worlds: the freedom and familiarity of your own space, with the option of hotel-like services if and when you want them. Whether you're in Sydney, Melbourne, or London, or enjoying a holiday retreat, these spaces promise not just a place to stay, but a place to live.

Benefits of Apartment Accommodation

Exploring the world of apartment accommodation unveils a plethora of benefits for both guests and property owners, making it a standout choice in the serviced accommodation sector. For guests, the appeal is multifaceted. Apartment accommodation typically offers up to 30% more space than standard hotel rooms, providing the freedom and comfort of a home-like atmosphere. This extra room is perfect for spreading out and truly making the space your own. The inclusion of a fully equipped kitchen allows guests the autonomy to cook their own meals, adding a personal touch to their stay and offering significant savings on dining out. Moreover, these apartments often come at a lower cost than hotel rooms, offering incredible value for money. Privacy is another hallmark, with guests enjoying their own space without the interruptions often found in hotel environments. Situated in prime urban locations, these apartments make exploring the city's sights and sounds a breeze. Despite their focus on independence, many serviced apartments still provide essential hotel-like services, including housekeeping and concierge, ensuring a comfortable and hassle-free stay.

For property owners, the serviced apartment model presents a lucrative opportunity to maximise rental yields. The flexibility to offer properties for both short and long-term lets opens up a broader market, appealing to a diverse range of travellers. This model is celebrated for its simplicity, offering guests a straightforward, enjoyable living experience while allowing owners to reap the rewards of short-term rental returns without the complexities often associated with traditional tenancies. Entry into the rental market is also more accessible, with lower upfront costs compared to purchasing properties outright. The shared economy aspect of apartment accommodation can further reduce living costs, making desirable locations more affordable for tenants and increasing the property's appeal. Additionally, adherence to stringent safety standards not only meets legal requirements but also enhances the attractiveness of the property to potential guests.

In summary, apartment accommodation represents a win-win for guests seeking space, privacy, and value, as well as for property owners looking to capitalise on the growing demand within the serviced accommodation market. With their blend of home comforts and hotel conveniences, these apartments are a compelling choice for an array of accommodation needs.

Popular Destinations for Apartment Accommodation

The world of apartment accommodation thrives in bustling cities, each offering its unique charm and conveniences. Let's journey through some top cities known for their appealing serviced apartment options.

Sydney shines as a beacon for serviced apartments, boasting locations that offer breathtaking views of its iconic skyline and the serene Port Phillip Bay. Travellers can find a variety of options, such as the Orange Stay Apartments in Potts Point, among others highly rated on TripAdvisor. These apartments are strategically located to provide easy access to Sydney's vibrant city life and attractions, blending urban convenience with the tranquillity of home-like living.

Melbourne is not far behind, with its eclectic range of serviced apartments nestled in the city's heart. Renowned places like the Adina Apartment Hotel Melbourne and City Edge South Melbourne Apartment Hotel stand out for their central location, full kitchens, and spacious living areas. These accommodations cater perfectly to both the holidaymaker seeking a short-term stay and the corporate traveller in need of extended lodging.

London, with its rich history and dynamic cultural scene, offers a diverse selection of serviced apartments. From the upscale Knightsbridge to the cosy confines of Luxury Serviced Apartments and Native Bank, there's something for everyone. Sites like TripAdvisor and Booking.com feature extensive lists of such accommodations, where guests can enjoy the luxury of a hotel with the added independence of a private retreat.

Each of these cities presents a compelling case for choosing apartment accommodation, offering a blend of comfort, convenience, and the chance to live like a local. Whether you're in Sydney, Melbourne, or London, serviced apartments provide a flexible, cost-effective solution for travellers seeking space, privacy, and a touch of home away from home.

Booking Your Ideal Apartment Accommodation

Navigating the world of apartment accommodation is a breeze with the right tips and a sprinkle of savvy. Let's unlock the secrets to booking your dream stay with a dash of playfulness and heaps of practical advice.

Embracing Online Platforms: The digital age has blessed us with a plethora of platforms to scout for that perfect stay. From the vast expanses of Airbnb and Vrbo to the detailed listings of Spotahome and Hometogo, there's no shortage of options. These digital havens offer a treasure trove of information, allowing you to sift through photos, pore over descriptions, and pinpoint your ideal location with ease. And for the property owners out there, these platforms are your stage to showcase your apartments to the world.

Location, Location, Location: When it comes to finding your temporary abode, the golden rule is all about location. Seek out safe neighbourhoods nestled close to your urban adventures or serene escapes. The convenience of nearby public transport, buzzing restaurants, and essential shops can make or break your stay. Thankfully, most platforms offer handy maps and local insights to guide your choice.

Amenities – The Cherry on Top: The allure of serviced apartments lies in their blend of home comforts and hotel luxuries. From kitchens equipped to whip up a storm to cosy sleeping quarters and all-inclusive internet, these spaces are designed for living, not just staying. And if you're lucky, you might just land a spot with a gym, on-site dining, or even a concierge at your beck and call. Always check the amenity list to ensure your needs are met, and perhaps pleasantly surpassed.

The Power of Reviews: In the quest for the perfect stay, reviews are your compass. More than half of consumers let online testimonials guide their decisions, drawing on the collective wisdom of past guests. These insights offer a window into the full spectrum of the experience, from the warmth of the welcome to the tearful goodbye. Dive into both the raves and rants to gather a well-rounded view of your potential home away from home.

Final Thoughts: Embracing the World of Apartment Accommodation

As we wrap up our journey through the realm of apartment accommodation, it's clear that these spaces offer a unique blend of comfort, convenience, and charm, setting them apart in the vast landscape of lodging options. For guests, the allure of a space that combines the privacy of home with the luxuries of hotel-like services is undeniable. For property owners, the sector presents a golden opportunity to tap into a lucrative market driven by a growing demand for flexible, personalised stays.

Apartment accommodations stand as a testament to the evolving preferences of today's travellers and investors alike. Whether it's a short city break in Sydney, an extended business stay in Melbourne, or a leisurely holiday in London, these self-serviced sanctuaries cater to every imaginable need. Beyond just a place to rest, they offer an experience—a chance to live like a local while enjoying the perks of professional hospitality.

As the serviced accommodation sector continues to flourish, now is the perfect time for both travellers seeking unique experiences and property owners looking to diversify their portfolios to delve deeper into the world of apartment accommodations. With their undeniable appeal, comprehensive amenities, and strategic locations, they promise not just a stay, but a journey into the heart of the destinations they inhabit.

So, whether you're planning your next getaway or contemplating your next investment, consider the myriad benefits and possibilities that apartment accommodations have to offer. It's an exploration into comfort, convenience, and, potentially, profitability—a venture well worth undertaking in the ever-evolving landscape of travel and hospitality.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

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