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A recovering United States economy has led to greater business profits and an increase in overseas travel. While the traditional hotel is usually the first choice for business travellers, alternatives have been gaining popularity in recent years. In this week's Explainer, we look at how serviced apartments offer a similar yet distinct hospitality experience.
Serviced apartments are fully furnished suites available for both short-term and long-term stays. They feature all of the standard hotel amenities, including housekeeping and 24-hour customer service, and may also host complete kitchens. Serviced apartments often provide more space and privacy for less cost than traditional hotel rooms. They're also credited with supplying a closer 'home away from home' atmosphere, in part because of the dining and living areas offered.
The increasing popularity of serviced apartments is evident around the world, where new projects containing luxury suites are regularly being announced. The DAMAC Towers in Riyadh and 258 City Road in Melbourne are two examples of new developments instituting this model in the hopes of attracting a broader cross section of international travellers.
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