Serviced Apartments: Back to the roots?
Property expert Reiner Nittka: a new opportunity for a sector under pressure
Autor
Susanne Stauss
has a degree in business administration and is a qualified hotel manager, making her the ideal hotel journalist with over 30 years of knowledge about the German hotel industry. She has been writing for hospitalityInside.com since it was founded in March 2005, today in the role of a Senior Writer. Among other things, she was the editor-in-chief of the trade magazine First Class, Restaurant International and the newsletter Cost & Logis. Today she writes for the trade magazine Top hotel and writes for staff magazines and customer magazines.
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Changing demand: Serviced Apartments under cost pressure
Changes in the Serviced Apartment market in Germany remain dynamic in many respects: for the first time, more leisure guests than business guests booked serviced apartments. On the other hand, the segment is suffering from the economic crisis.
Leaving the comfort zone
Cost pressure in the sector and volatile demand have also made it a challenging year for the serviced apartment segment in Germany so far. Consolidation will also reach this segment, but banks and investors are still keeping their thumbs up.
Serviced Apartments with and without kitchens?
The Serviced Apartment segment is also expected to see a lot of movement until the end of the year – mainly due to the current strong consolidation process throughout the German hospitality industry.