The rapid expansion of Internet and the capabilities that brought to the various sectors of the economy is remarkable, especially to the travel industry. The airline industry has been gradually liberalized, and technology has contributed to new business models, such as low-cost carriers (LCCs). Low Cost airlines and existing network airlines have played an important role to the total market growth. The Accommodation sector grew even more, new specialist sites such as Booking.com, emerged and offer a vast range of options to suit all tastes, budgets and lifestyles.
The standards and customer expectations in regards to the whole travel experience is high and it continues to rise. Most of the people today including business travelers tend to pursue more budget options and here is where the new sector of Serviced Apartments is finding an enormous favor worldwide and its demand continues to grow. Serviced apartments are usually high quality individual units, with one or more bedrooms, fully-equipped kitchens and well-appointed lounge areas, they are more flexible and family-friendly than traditional hotel rooms, they also represent better value. They are called “serviced apartments” because they offer similar services to hotels, such as room service, 24-hour reception/concierge facilities and unrestricted access to on-site amenities like pools, gyms, restaurants and bars. Business and leisure travelers appreciate the home environment they offer and the vast variety of services along with the cost.