Serviced accommodation (also known as SA, self-catered accommodation, serviced apartments, short-lets etc.) refers to fully furnished properties which are available for both short or long term let.
The property is let out to “guests” rather than tenants, because the property is being offered on a per-night basis, rather than a fixed, longer period of time.
Usually the properties are located in the heart of the city and can provide easy access to public transportation, attractions, and business districts.
Serviced Accommodation in the Hospitality Industry
The concept of Serviced Accommodation has proved extremely popular for a very wide range of accommodation needs – from Corporate & Business stays, to Family Stays & Leisure Stays.
In the hospitality industry, it’s the fastest growing form of accommodation, as it is often seen as the perfect combination between staying in a hotel and having your own home-from-home.
Guests can enjoy the privacy of their own space, as well as the convenience of having all the amenities of a hotel, such as housekeeping, laundry service, and a fully-equipped kitchen.
It is also generally expected from guests, that Serviced Accommodation provides similar facilities to a hotel such as WIFI, fresh towels and linen, TV’s, parking and more.
The Benefits of Serviced Accommodation
Serviced accommodation is also often cheaper than traditional hotels, making it a great option for budget-conscious travellers.
Some properties may also offer additional services, such as concierge services and transportation. It’s important to check with the property to determine the exact services that are included in the rental fee.
When done right, Serviced Accommodation can provide landlords very impressive rental incomes. However, it can become a full-time job for those who take it on.