Serviced Apartments in London continue to grow driven by strong demand from the corporate sector

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Author: Matt Green

Staying in a hotel is a common option selected by many business professionals visiting London but in more recent times there has been a noticeable shift with companies placing much greater emphasis on reducing travel costs. Increasingly companies are engaging with serviced apartment providers and incorporating such suppliers into their RFP programs as suitable alternatives for accommodating their extended stay needs in London.

Serviced apartments are regular style apartments, fully furnished and equipped, that provide a comfortable home, a bolt-hole for business travellers and secondees’ whilst on business in London.  Commonly, there is a housekeeping service, sometimes daily but most often on a weekly basis.  In terms of size they are typically twice the size of a hotel room, and provide a living space, separate bedroom and fully equipped kitchen. Most also offer broadband included in the rate.

Serviced apartments London work out to be more cost effective than staying in hotels, with typical savings of up to 30% achievable. Savings like these are very appealing to travel managers, seeking to reduce spend and negotiate favourable rates to support their travel programs. Considerable savings can also be made when 2 bed/2 bathroom apartments are shared by two individuals, which is a preferred option by many international banks with London offices, looking to accommodate their graduate interns. Add to this the benefits for the guest; being able to lead a normal life with the same everyday freedom and choice they would have if they were at home and the serviced apartment proposition goes from strength to strength.

One of London’s leading Serviced Apartment companies, Clarendon offers serviced apartments in the Canary Wharf area.  All serviced apartments Canary Wharf are central to offices and London’s transport hub. City Airport connects with Canary Wharf every 15 minutes and commuting to and from City offices and other parts of London is made easy with the close proximity of Canary Wharf tube station.  

So what’s the catch? In short there isn’t one. Costs are very reasonable. Typically, today in Canary Wharf a 1 bedroom apartment will cost in the region of ÂŁ805 per week + VAT. This is based on a 7 night stay including all utilities  and housekeeping service once a week.  Now compare this to the average cost of a hotel room in the region of ÂŁ150+ per night, not to mention the additional costs associated with hotel stays, bar and restaurant bills, laundry bills etc and  the cost savings start to build.

So whether you are coming into London for a one-off business trip, need accommodation for a week or more or perhaps are in limbo, relocating and needing a base whilst making more permanent arrangements; serviced apartments in London provide exceptional value for money, good levels of comfort and the flexibility that you won’t find with hotels.