What is a good location for Serviced Accommodation?

Not just an alternative of a hotel, Serviced Accommodation is actually a home away from home. It serves a wide range of guest types, including family relocators, business travellers, contractors, and of course, tourists. Whether a property is in a location suitable for running Serviced Accommodation depends largely on the convenience and easiness of their needs to be served. There are some good signs for a location to be feasible for serviced accommodation.

keys

Hotels

Corporate hotels spend a lot of money on the research of an area that indicates a strong demand for the short term stays.

keys

Large cities

Usually the bigger the cities, the more feasible properties can be run as serviced accommodations. Large cities attract more traffic, more tourists and more business and economic activities, which means a higher need for people to stay for a period.

keys

Tourist hotspots

Cultural attractions, historic places, national parks, theme parks and coastal towns tend to attract a lot of tourists, which can make a lucrative return in Serviced Accommodations.

keys

Business hubs

Business travellers stay for conference and meetings, overseas employees can easily access their workplaces by finding a short term stay nearby major corporate offices, conference centres and business parks.

keys

Transport Links

Proximity to train stations and airports favours visitors who want convenience. They can travel to other places easily during their stays.

keys

Universities / Hospitals

These are places where they constantly hire overseas employees. Also, there is a constant demand for family visitors.

keys

Entertainment districts

Places close to sports stadiums, horse races, concert venues, theatres and amusement parks attract people to stay when there are events.

keys

Tech hubs

locations with a concentration of technology companies, startups and innovation centers attract a large number of contractors to come and work.

If your properties are close to these amenities and you are looking to rent, definitely consider renting it as a serviced accommodation and get better income. Feel free to contact us.

keys