GLOBAL SERVICED APARTMENT INDUSTRY REPORT READY FOR DOWNLOAD

SERVICED APARTMENTS SECTOR TO

WITHSTAND GLOBAL ECONOMIC SLOWDOWN

First ever Global Serviced Apartments Survey published by The Apartment Service

- includes Extended Stay Hotel, Aparthotel and Corporate Housing sectors:

Key findings

* 65% of corporates have travel & relocation policies in place

* 72% of companies worldwide use apartments instead of hotels for stays of 7+ nights

* Location is most important selection criteria

* Space and comfort are biggest influences on buyer choice

* Ability to cook for oneself cited by 63% of survey respondents as key factor

* Brand trust is surprisingly not a key purchasing criterion

After almost 50 years, the serviced apartment has finally come of age in the corporate world, with 47% of organizations across the globe now using apartments for long stays, temporary assignments or relocation as hotel rates continue to rise.

That's one of the key findings of the Global Serviced Apartments Survey 2008, undertaken by The Apartment Service amongst over 20,000 bookers, Travel Management Companies, Relocation Management Companies and apartment operators worldwide.

According to the survey, the apartments sector is set to withstand the global economic slow down, due to demand outstripping supply and the cost saving benefits apartments are able to offer over hotels.

The findings of the research form the basis of the first-ever Global Serviced Apartments Industry Report, which has been written by Travel Intelligence Network. A copy of the report in PDF format can be downloaded for FREE from the website of The Apartment Service and a hard copy can also be ordered.

To download the first ever Global Serviced Apartment Industry Report for free, or order your hard copy, please visit http://www.apartmentservice.com/web/GSAIR08

ENDS