Understanding
the need for a home
like apartment for business
travellers who want
to feel at home-away
from home, we have entered
into this phenomenon
of Serviced Apartments.
This is essentially
aimed at business executives
who need much more than
a hotel room for their
long periods of stay
away from home. These
serviced apartments
are concentrated in
areas around corporate
business parks as they
wouldn't have to travel
much from office.
The growing preference
to such serviced apartments
from hotels is largely
due to the difference
in the rates of the
two. Companies can achieve
a substantial cost reduction
of about 30 to 40 percent
if they were to choose
a serviced apartment,
with the advantage of
a homely atmosphere.
To add on, it has the
advantage of accommodating
more number of guests
unlike the hotels where
the numbers are restricted.