Leisure demand for London hotels drives up business use of serviced apartments

Leisure demand for London hotels drives up business use of serviced apartments

London is a busy destination frequented all year long by leisure and business travellers alike. However the summer months in particular sees an influx of visitors, some of which stop off in London before travelling on, whilst others opt to spend time exploring the variety and cultural delights London offers.

As the world's leading financial and business centre businesses with short term accommodation needs are increasingly faced with lack of availability and the challenge of when they do find a room, inflated hotel prices. Demand for London accommodation continues to push rates higher despite the economic climate, making it increasingly difficult to find affordable hotel rooms in the City.

This has been a catalyst to growth in the serviced apartment sector over recent years seeing more and more businesses turn to serviced apartments as a viable alternative. This continues to assist in raising the profile of companies like Clarendon Serviced Apartments, a London specialist who provides serviced apartments in Canary Wharf, The City and across South West London to companies who need to house their employees on a short term and extended stay basis.

For many companies who are faced with the unenviable task of reducing travel spend, accommodating employees on a rolling basis in London hotels is simply not viable or sustainable. It's not just the cost of the hotel room but also the additional costs associated with a hotel stay, F&B for instance, laundry services and more often than not broadband are all supplementary costs that drive up the expense.

Serviced apartments in London provide the solution, an ideal alternative for businesses seeking accommodation to house their employees on a short term basis. They are ideal for senior management, executives, project workers, graduate training groups and families relocating. They provide a home from home and environment much more conducive to living and working in London. Guests are provided all the services of a hotel but in addition the benefit from the added space; a living/dining area, separate bedroom and fully equipped kitchens that include dishwashers and washer dryers. Eating out becomes a choice rather than a necessity and the unavoidable costs associated with hotels are greatly reduced or eliminated.

There are considerable cost savings to be made over hotels, at times up to 30% or more. Clarendon provides both 1 and 2 bedroom serviced apartments in London. The latter are particularly popular amongst the banks that operate annual graduate training courses in the City and Canary Wharf. Two people can comfortably share a 2 bedroom/2 bathroom apartment; maintain their own personal space and privacy whilst sharing the living area and kitchen facilities. In fact for many where this may be their first visit or extended stay in London, this is a welcome benefit to serviced apartments, having the opportunity to share the living and training experience with a fellow colleague completing perhaps the same course.

With serviced apartments in London and with particular focus in Canary Wharf and the City, businesses no longer should struggle or feel forced to absorb the hotel premium. Serviced apartments are the alternative and with many companies like Clarendon Serviced Apartment prepared to negotiate corporate rates and agreements. There has never been a better time to consider the switch, because as the World Cup fades away so all eyes are on 2012 and the London Olympics, meaning rates can and likely will go only one way!

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