Four star hotel vs four star serviced apartment cost per night revealed in 25 major cities
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Serviced apartment and hotel cost not related.
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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
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