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FARNBOROUGH
AIRSHOW A GREAT SUCCESS FOR THE APARTMENT SERVICE
The Apartment Service can look back upon a successful
involvement in this year΄s Farnborough Airshow which was held between the
14th and 20th July. As the official
accommodation provider to the show we held a very well
received hospitality day for our key clients. The Apartment Service is
one of the major booking agents and providers of serviced apartments
worldwide and as such we support the broader travel industry ranging
across all industries.
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There is no "FOCUS ON....." in the August
edition of the news letter. Instead a request from the editor to all
readers for suggestions for future topics and regular inclusions to be
considered. The coming months will see the start of a very exciting
period for The Apartment Service with the launch of our new web service
with XML connectivity and online booking facility and also the
launch of the first
global report into the serviced apartment industry,
which is sponsored by us. We want you to be part of these exciting
developments. The newsletter, which is being read by an increasing
audience is a good platform for properties listed on our
site to promote their services. For more information, and to
send your suggestions, please send an email to
Bard Vos.
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News in August:
Hotels in Budapest saw the
strongest year-on-year growth in profitability of ten European cities
surveyed by TRI Hospitality Consulting in May 2008.
Income before fixed charges (IBFC) also known as gross
operating profit per available room jumped by 34.5% to 62.54 in the
Hungarian capitals hotels. TRI attributed the profit growth to a 3.7
percentage point decline in payroll costs as a percentage of total
revenue to 25.1%. It said some hotels had cut staff levels over the
past year, with one general manager of a four-star property employing
60 fewer now than three years ago.
Wage costs have undoubtedly risen since Hungary joined the EU in 2004
and in reaction some streamlining of resources has occurred, said
Jonathan Langston, TRI managing director. Despite the rise Budapest s
hotels were still only the seventh most profitable of the ten cities.
Those in London topped the list with IBFC per available room of
103.28, although this was 1.35 lower than in May 2007.
Second most profitable were Amsterdam hotels, where IBFC rose by 9.5%
to 102.18. The Dutch capital hosted four major events in May 2008,
including the biennial cleaning industry trade fair, ISSA Interclean,
which attracted 24,000 visitors.
Paris hotels were third with IBFC per available room of 98.70, 11.6%
higher than in May 2007, ahead of those in Berlin with 91.25 (+24.4%)
and Prague with 79.69 (-29.6%).
In sixth came Vienna with IBFC of 70.38 (-13.8%), followed by Budapest
, Warsaw with 56.79 (-11.4%), Hamburg with 56.48 (+7.9%) and Munich
with 43.87 (-5%).
In terms of absolute revenue per available room (revPAR), hotels in
Paris were the best performers in May with 181.20 (+7.1%), ahead of
Amsterdam with 158.97 (+4.7%) and London with 148.87 (+3%).
Vienna came fourth with 134.57 (-6.9%), followed by Berlin with
126.61 (+10.8%), Prague with 111.35 (-17.3%), Budapest with 94.23
(+6.3%), Hamburg with 92.26 (+3.6%), Munich with 89.01 (+4.6%) and
Warsaw with 81.45 (-3.7%).
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* To all our apartment managers: If you
have any news regarding your apartments, special offers etc., please email us
and we will do our utmost to publish this in our next news letter.
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* Starwood Hotels has opened its first extended stay
Element Hotel in the Boston suburb of Lexington. The property has 123
apartments.
* The Shama Group has launched its first Beijing serviced
apartment property, Shama Luxe Chang An. The property consists of 225
one, two and three bedroom apartments with all the modern conveniences
and the special Shama "slumber" bed
* Frasers Hospitality is planning to increase its property
portfolio from 3500 to 8500 by 2010, primarily in emerging markets like
China, India and Vietnam. They have now launched Fraser Suites Hong Kong,
comprising of 87 apartments.
* Marriott Executive Apartments will open their first
property (and the first of the Marriott brand) in Bahrain in September.
The property will comprise of 188 one, two and three bedroom apartments.
* Bridgestreet Worldwide is entering the UAE with the
signature of management contracts for 5 properties in Dubai, totaling
more than 1250 apartments. The first property will open in Spring 2009.
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Executive
Roomspace/Roomspace Serviced Apartments Availability Update:
All apartments are fully
furnished and equipped to the highest standards with all modern
conveniences. The rate quoted includes all utility bills, apart from
telephone calls. A once a week cleaning service is included.
To enquire about these,
or any of the other apartments offered by The Apartment Service, please
phone our reservations team on 020-89441444 ,
or send us an email.
Or you can visit our website.
Roomspace Serviced
Apartments, minimum stay: 7 nights, offers the following locations for
your accommodation needs: Birmingham, Brighton, Croydon, Epsom,
Farnborough, Guildford, Leatherhead, London City, London Docklands,
Southampton, Wimbledon.
We have special August
availability in the following locations:
Reading
* Projection
West - one bedroom apartments from £700 per week and 2 bedroom
apartments from £820 per week
* Minster
Court - one bedroom apartments from £575 per week and 2 bedroom
apartments from £675 per week
Birmingham
* Skyline
Apartments - one bedroom apartments from £525 per week and 2 bedroom
apartments from £675 per week
Swindon
* Plaza
21 - one bedroom apartments from £635 per week and 2
bedroom apartments from £770 per week
All rates quoted are per
apartment per week and inclusive of all bills (excluding telephone and
VAT) and a weekly service clean. And of course, all our apartments are
fully furnished and equipped to the highest standard.
Please call +44 (0) 20 8944 1444
for more information or send an email to Tracy
Barlow, Reservations Manager.
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Feedback:
We hope you enjoy this
newsletter. Please send your feedback to tasnews@apartment.co.uk
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Contact:
Bard Vos - Marketing
The Apartment Service,
5-6 Francis Grove,
London, SW19 4DT
Tel. +44 (0)20 8947 3003
(Marketing)
Tel. +44 (0)20 8944 1444
Fax.+44 (0) 208 944 6744 (Reservations)
If you do not wish to
receive future Apartment Service Newsletters, you can unsubscribe from
our mailing list using the Safe Unsubscribe option at the end of this
e-mail.
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Members of:
 The Corporate Housing Providers
Association
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