Corporate Housing Trends Q2 2023

TOP 10 Corporate housing trends in 2023:

1. Technology plays an increasingly crucial role in facilitating business travel, with 63% of travellers saying they have used technology to make their trips easier and safer;
2. The adoption of sustainability practices accelerated across the serviced apartment sector, driven by corporate demand. Cities, including London, Singapore, Stockholm, Toronto, and Amsterdam are at the forefront of the trend;
3. Large hotel groups are betting on the long-term success of the serviced apartment sector, introducing new brands while expanding the reach of existing extended stay brands;
4. Serviced apartments are experiencing an increase in longer stays, with some guests staying for several months. AltoVita's average length of stay is 55 days during the month of April 2023.
   
   

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