Growth and Half Year Figures
We are happy to share positive half year figures (January to June 2022) with serviced apartment enquires up 173% compared to the same period last year, and up 45% on the same period in 2019. These figures are the result of our growth with to new client acquisitions in the US and Europe, and the return of business travel generally.
With ambitious growth plans and the expansion of operations into North America and Europe, we are predicting a strong second half to 2022. We are all happy to see confidence in business travel continuing to recover, with extended stay enquires growing and, as a result, the increased interest in booking serviced apartments for extended stay, long-term and relocation requirements.
This increase in extended stay enquires is reflected in our average length of stay figures. The first half of 2022 saw enquiries give an average length of stay of 51 nights, an increase of 11% on the same period in 2019. The same period in 2021 showed an average length of stay of 59 nights, driven by uncertainty throughout the pandemic that resulted in travel restrictions and extensions to accommodation bookings.
Relocation briefs are key, with pent-up demand evident from a dormant market in 2020 and 2021 and a now buoyant employment market. Hotspots in North America and the UK have seen us grow our network in these regions, taking on new suppliers in the serviced apartment sector, including Travelers Haven in the US:
“Travelers Haven is excited about this partnership opportunity with The Apartment Network and having the ability to join forces to provide high quality serviced apartments for clients. This is an integral time for the serviced apartment sector, in the USA and the rest of the world and we are eager to be a part of it.”
Ryn Jarrett, Queen of Hearts, VP of Strategic Partnerships, Travellers Haven
Marcos Isaac, CEO, The Apartment Network comments: “This is a very exciting time for The Apartment Network as we expand operations in America. To support this growth, we are delighted to share that Greeley Koch has taken on the role Strategic Advisor & Director, The Americas, specifically to support our expansion in this market. We are honoured to welcome Greeley to the team.”
Image supplier by Travelers Haven