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The
leading source of information in the serviced apartment market worldwide,
for business, leisure and relocation purposes.
Issue
77
July 2008
THE APARTMENT
SERVICE - WELCOME
HOME!
Just like an hotel, more like home
High
rates forcing buyers to shun hotels'
25 June
2008 (BTE Newsletter)
High hotel rates are forcing corporate buyers to use lower
cost accommodation, according to a new report by the UK and Ireland
Institute of Travel Management (ITM).
The report said serviced apartments were now a "serious threat to
mainstream hotels" with 22% of ITM's respondents using them as a
cheaper alternative.
The report said that 28% of respondents who included travel managers and
procurement professionals with a spend of £1.3bn, used apartments for
stays of five days or more.
35% said they used them to reduce costs for stays of all lengths.
The report said that 46% of its respondents used either a TMC or a hotel
booking agency to negotiate rates on their behalf.
But despite this, 57% said they were still "frequently finding rates
on line that are lower than their negotiated rates, thereby undermining
the whole RFP process."
Paul Tilstone, ITM's executive director, said: "Corporate buyers are
battling high occupancy and high prices in the traditional hotel sector.
"Around 60% have seen their hotel costs rise by up to 10% in the
last year alone, so they are now using budget accommodation, serviced
apartments and independent hotels much more.
"But buyers are also using other ways to try and keep a lid on hotel
pricing too, such as consolidating transient spend with meetings and
conference expenditure.
"More modern procurement levers like audio and video conferencing
are also being brought into negotiations by over a fifth of buyers."
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To ALL our apartment managers: If
you want your apartments to feature in one of the next issues of our news
letter, please email
Bard Vos to discuss the terms and conditions.
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* The Global Survey into the Serviced Apartment Industry,
sponsored by The
Apartment Service and carried out by The Travel Intelligence Network
is now closed. The response has been good and work has begun to compile
the first and most comprehensive report to date on the sector, due out in
September. To register your interest for a copy please email
Mike Stapley, sales manager at The Apartment Service.
* Bridgestreet Worldwide is to open 23 one and two bedroom
apartments in The Crescent at Harbour side in Bristol.
* The SACO Group has opened 2 new properties in Reading,
Clipper House and Hydrangea House
* Citadines Aparthotels and Regus (a workplace solutions
company) are working together to provide clients with complimentary
services.This will allow Citadines to expand the range of services
offered to its business clientele.
* Bridgestreet Worldwide has been awarded a 15 year
management contract for their first property in Budapest. The property is
set to open late 2009 and comprises of 50 one and two bedroom apartments
* 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.
* Frasers Hospitality is to open Fraser Suites Hong Kong
in August 2008. The property will have 87 apartments and will be fitted
out with the latest in-apartment technologies such as flat screen LCD TV,
iPod docks, wireless internet access and washer dryers.
* The Accor Group has recently signed the contract for a
serviced apartment project in Bengaluru (India) to be called Mercure
Homestead Residences. The complex will feature 129 apartments ranging
from studios to 2 bedroom apartments. Target is to open by the end of
2008.
* Ascott Group has opened 3 new properties in recent weeks
in Vietnam (Somerset Hoa Binh in Hanoi), Thailand (Citadines Sukhumvit 8
in Bangkok) and Quatar (Somerset West Bay in Doha).
* Ascott International has officially opened Somerset St.
Georges Terrace in the heart of Perth CBD. The property has 84 studios
and one bedroom apartments.
* After the "Des-Res", the "Yotel",
the "Wii" and the "I-pod", marketing has now created
the "I-Pad",
the new way to describe a studio apartment, or "the pad where one
can find oneself again..."
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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 July
availability in the following locations:
Roomspace Serviced Apartments - Plaza 21, a
selection of one -, and two bedroom apartments with a minimum stay of one
week. Prices start from £635 per week for a one bedroom
and £770 for a two bedroom apartment.
Executive Roomspace
Minster Court, a selection of one and two bedroom apartments
for stays of one week
or more. Prices start from £575 per week for a one bedroom apartment and
£675 per week for a two bedroom apartment
Roomspace Serviced Apartments Projection West,
a selection of one - and two bedroom apartments for stays of one week or
more. Prices start from £700 per week for a one bedroom apartment and
£820 per week for a two bedroom apartment.
Skyline
Apartments - Birmingham, a selection of one -
and two bedroom apartments starting from £525 per week for a one bedroom
and £675 for a two bedroom apartment
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
tasnews@apartment.co.uk
Tel. +44 (0)20 8947 3003
(Marketing)
Tel. +44 (0)20 8944 1444
Fax.+44 (0) 208 944 6744 (Reservations)
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Members of:
 The Corporate Housing Providers
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