A serviced apartment is a type of furnished apartment available for short-term or long-term stays, which provides amenities for daily use. Serviced apartments typically include soft-furnishings and cooking utensils so that short term tenants need not bring their own, and have cleaning services included in the rent. Serviced apartments therefore include some of the convenience of hotel rooms but can be less expensive than equivalent hotel rooms for longer stayers. Because of the beginning of the boom in longer stay international travel as well as the corresponding increase in the level of sophistication of international travelers, interest in serviced apartments has risen at the expense of the use of hotels for short stays. Benefits may include more space and privacy, convenience when travelling with a family, and the savings associated with cooking one's own meals in the apartment. The Global Serviced Apartment Industry Reports (GSAIR) by The Apartment Service show the operators and their brands, numbers they operate and other information in this varied sector. The term 'Serviced apartment' is an umbrella term covering all the brands models, some with high levels of service and others with a no frills approach creating savings for guests and operators alike.
