The Covid-19 serviced apartment boom: luxury hotels struggled amid travel bans and lockdowns, so how did this property sector thrive – especially in Asia?

Hotel occupancy levels plummeted globally during the Covid-19 pandemic as travel ground to a halt, however the serviced apartment sector remained largely resilient.Serviced apartment brands operating in Asia-Pacific adapted their service model to meet end users’ changing needs and saw occupancy as high as 80 per cent, even during the height of the crisis.Michael Roberts, director for hotels, Asia-Pacific at Savills, explains why this sector has delivered healthy returns for owners and investors…


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