Airbnb's continued buildout of corporate travel capabilities has awoken the sleepy serviced apartments sector. New investment capital supports startups for bookings, sourcing and property management. Traditional operators are creating their own distribution platforms. Design norms are shifting along with client expectations for something interesting.
Useful for relocation, internships, project work, insurance services and emergencies, serviced apartments and variations like corporate housing appeal to those looking for a residential feel and full kitchen. Extended-stay brands of big hotel companies address this clientele, too. Corporate housing tends to be for stays of more than 30 nights, and averages 86, according . . .