What is a serviced apartment? What are the more famous brands?

There are many local brands in China, such as Youpak, Shengyaohang and Private Enjoy Home. At present, the international brands of serviced apartments are famous, mainly Oakwood and Ascott.

Hotel-style apartment refers to providing complete, independent and self-service accommodation facilities for medium and long-term commercial and residential guests. Its apartment consists of one or more bedrooms, a separate living room and a fully equipped kitchen and dining area. At present, there are several formats such as serviced apartments, youth SOHO, white-collar apartments and entrepreneurial apartments. The essence of serviced apartment is hotel property, but it combines hotel facilities and family characteristics to provide medium and long-term accommodation services lower than hotel prices. Because ordinary hotels do not provide washing machines, kitchen utensils and other household appliances, home characteristics are one of the biggest differences between serviced apartments and hotels.