The cost of serviced apartments vs hotels in 25 key cities in 2018

  LONDON, UK - 10/24/2018 (PRESS RELEASE JET)

Four star hotel vs four star serviced apartment cost per night revealed in 25 major cities

• Serviced apartment and hotel cost not related.

• Big price differences in key business locations.

[London], [England] The serviced apartment industry is one of the fastest growing hospitality sectors. Serviced apartments are a popular alternative to hotels for business travellers.

There are now in excess of one million serviced apartments worldwide in more than 13,000 locations. But what is the average cost of a four star serviced apartment in a major business location vs the average cost of a four star hotel per night.

Key Findings:

Average cost of **** serviced apartment in Europe per night: £85

Average cost of **** hotel in Europe per night: £111

Average cost of **** serviced apartment in Asia per night: £113.25

Average cost of **** hotel in Asia per night: £103.63

Average cost of **** serviced apartment in North America: £169.4

Average cost of **** hotel in North America: £129.2

In key locations, thesqua.re manages its own premium residences, with end to end service delivered by world class hospitality experts. Globally, thesqua.re curates premium and conveniently located residences near key transit hubs whilst providing world class hotel style services that are managed by the highest performing hosts.