The origin and development of serviced apartments

Hotel-style service apartment, 1994 originated in Europe, meaning "hotel-style service, apartment-style management". At that time, it was rented to tourists for temporary rest in the tourist area, and was managed by a special management company. It was both a hotel and a personal "temporary residence". These properties have become the embryonic form of serviced apartments.

It has been about 30 years since the appearance of real serviced apartments. In the middle of last century, great social changes took place in developed countries in Europe and America, especially in some big cities in the United States. These social changes have brought people more cultural and educational opportunities. People's mobility is greater, the family structure tends to be loose, and the lifestyle of urban residents has also changed greatly, which has led to the demand for furnished apartments. As soon as the concept of star hotel management was put forward, it was widely welcomed by people who like "mobility". With the rapid development of social economy, people's lives are no longer confined to one region. The rise of business life has brought about the increasingly perfect functions of apartments with "hotel-style management and family-style service". Internationally standardized serviced apartment is a kind of property management mode which combines the management mode and facilities standard of the hotel and adopts apartment design. Because the price is lower than the hotel standard and the service level is much higher than that of ordinary apartments, it is welcomed by senior people who travel for a long time.

Domestic development

After more than ten years' development, the serviced apartments in China have formed their own characteristics, namely "self-use" and "investment". Compared with traditional hotels, it is not inferior in hardware facilities, but the service is more family-oriented. Because it absorbs the advantages of traditional hotels and traditional apartments, it is favored by investors and foreign business people working in China.