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Encyclopedia > Serviced apartment

A serviced apartment is a type of furnished, self-contained apartment designed for short-term stays, which provides amenities for daily use.


Serviced apartments can be less expensive than equivalent hotel rooms. Since the beginning of the boom in cheap international travel and the corresponding increase in the level of sophistication of international travellers, interest in serviced apartments has risen at the expense of the use of hotels for short stays.


Since the dot-com crash, company budgets have been squeezed and since when staying in a hotel one is paying for facilities such as restaurants and bars which are often not needed, many companies have switched their accommodation budgets to serviced apartments. The Dot-com bubble (or dot-com speculative bubble) refers to the approximately four years of time (1997–2001) in which stock markets in Western nations had their value increase rapidly and most significantly in the technology and new Internet sector. ... A typical restaurant in uptown Manhattan A restaurant is an establishment that serves prepared food and beverages to be consumed on the premises. ... Bars or bars can mean: The plural of bar. ...


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