CEO Marcos Isaac shares his views on the Serviced Apartment and Extended Stay market.

New Trends

“It’s been almost two years since the Covid journey began and none of us anticipated how long the storm would last. With a long career in the travel sector, this is not the first storm I have weathered, and it is always interesting to see what happens next – what changes and do those changes become the new normal.

“Today, the extended stay sector is an exciting place to be – in fact, perhaps more exciting than pre-pandemic times. Why? Because length of stay is increasing, and this trend is here to stay – which perfectly positions serviced apartments. For any stays over 5 nights, apartments are the preferred accommodation option and for some, Travel Policy’s stipulate apartments must be used.

Carbon Neutral Agendas

“If we can travel less but achieve the same results, businesses benefit from a step forward in terms of carbon neutral agendas. We know the value of face-to-face time, but we need to cut down on short trips and create more value when travelling away from the office. Business trips are likely to be less frequent but will last longer. Business travellers will need to demonstrate the value of travelling and are likely to have a busier agenda, seeing more people, from more than one organisation.

Serviced Apartments to suit your needs

“We have grown our network to almost 50,000 professionally managed serviced apartments all over the world, and our account managed service helps our clients find the right apartment, be it for a week, a month or longer. We have invested in our technology and can offer solutions to suit all needs – from those making a few bookings a year, to Travel Managers that include apartments in the company Travel Policy and book 1000s of nights a year.

Apartments become a mainstream accommodation choice

“If you have not added Serviced Apartments to your Travel Policy, now is the time to find out more. The pandemic has positioned our product as more relevant than ever before, as Serviced Apartments go from being alternative accommodation to a mainstream choice.”

Marcos Isaac, CEO, The Apartment Network