Research by the UK & Ireland’s Institute
of Travel Management in April 2008
found that the majority of UK corporate
buyers have reacted to rising hotel rates
by seeking alternative content for their
accommodation programmes.
At one end of the spectrum, 71%
of corporate buyers have increased their
usage of traditional budget hotels, whilst
at the other 48% reported greater use of
serviced apartments.
Asked to explain why they are using
serviced apartmentsmore, 38% responded
that there was no change in their use of
apartments for stays of 5 days or more;
35% advised that they were using
apartments to reduce costs across all stay
types and 22% were using apartments as
a direct alternative to hotels
The Apartment...
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LIGHT STEEL VILLA CONSTRUCTION
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