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  • Writer's pictureRobin Lawson

Debunking the Myths: The Truth About Serviced Accommodation Investment

Updated: 2 days ago

Serviced accommodation has become an increasingly popular option for travellers and business professionals seeking a home-away-from-home experience. Despite its rising popularity, several myths persist about this type of lodging. In this article, we aim to debunk some common myths and reveal the truth about serviced accommodation, putting right these misconceptions.



Investing in Reality: The Truth about Serviced Accommodation Ownership


Myth 1: Serviced Apartments Lack Aesthetics


Many people believe that serviced apartments are bland and lack the luxurious appeal of traditional hotels. However, this is far from the truth. Modern serviced apartments are often designed with elegance and comfort in mind, featuring high-quality furnishings and stylish décor. Today’s serviced apartments ensure that their properties are both sophisticated and comfortable, providing a luxurious environment for guests. For investors, this means a higher likelihood of attracting discerning clients who are willing to pay a premium for quality accommodation.


Myth 2: Maintenance Issues Are Common


Another common myth is that serviced apartments suffer from frequent maintenance problems due to the high turnover of guests. While it's true that high occupancy can lead to wear and tear, reputable serviced apartment providers prioritise property upkeep. Regular maintenance checks and prompt resolution of any issues ensure that guests enjoy a hassle-free stay without any technical or electrical glitches. For investors, this means lower long-term maintenance costs and a better reputation for their properties.


Myth 3: Limited Equipment and Amenities


Some investors think that serviced apartments lack the amenities found in hotels, such as Wi-Fi, entertainment systems, or fully equipped kitchens. In reality, most serviced apartments are well-equipped to meet guests' needs. Modern serviced apartments offer amenities including high-speed Wi-Fi, smart TVs with streaming services, and fully stocked kitchens, ensuring a comfortable and convenient stay. This comprehensive offering makes serviced apartments more attractive to a wider range of guests, thereby increasing occupancy rates.


Myth 4: Unsuitable Locations


A common misconception is that serviced apartments are often located in less desirable areas, away from city centres and major attractions. This is not the case. Many serviced apartment providers strategically locate their properties in prime areas. In Newcastle and the North East, for example, serviced apartments can be found in vibrant neighbourhoods, providing easy access to shopping, dining, and entertainment options. For investors, prime locations mean higher demand and potentially greater returns on investment.


Myth 5: Serviced Apartments Are Expensive


There's a belief that serviced apartments are significantly more expensive than other accommodation options. While some serviced apartments can be pricey, they often provide better value for money, especially for longer stays. Competitive pricing and attractive discounts for direct bookings make serviced apartments a cost-effective alternative to hotels, especially when considering the additional space, privacy, and amenities offered. For investors, this means a better value proposition that can attract both short-term and long-term guests.


Myth 6: Serviced Apartments Are Only for Long-Term Stays


 It is often assumed that serviced apartments are suitable only for long-term stays, making them less appealing for short-term visitors. However, serviced apartments cater to both short-term and long-term guests. Many providers offer flexible booking options that accommodate stays of various durations. This flexibility makes serviced apartments an excellent choice for weekend getaways, business trips, and extended holidays alike. For investors, this adaptability ensures a steady stream of income regardless of the length of stay.


Myth 7: Lack of Personalised Services


Another myth is that serviced apartments lack the personalised services typically found in hotels, such as concierge or room service. While serviced apartments prioritise independence and privacy, many still offer a range of personalised services. Providers ensure guests receive the support and convenience they need while enjoying the privacy and autonomy of an apartment. For investors, offering these services can enhance guest satisfaction and loyalty, leading to repeat bookings and positive reviews.


Investing in Newcastle and the North East


The North East, particularly Newcastle, is emerging as a hotspot for serviced accommodation investments. With its thriving economy, growing tourism sector, and vibrant cultural scene, the region offers numerous opportunities for investors. Serviced apartments in this area are strategically located to provide easy access to major attractions, business districts, and transport links, making them highly attractive to both business and leisure travellers.


Clarice Carr & Co: Guiding Your Investment Journey


Investing in serviced accommodation can be a lucrative venture, but navigating the market requires expertise and insight. Clarice Carr & Co is here to guide you through your investment journey in Newcastle and the North East. Our comprehensive services include market analysis, property selection, and management support, ensuring that your investment is well-informed and strategically sound.


The Reality of Serviced Accommodation Investment


Serviced accommodation offers a unique blend of home comforts and hotel conveniences, making it an ideal choice for many travellers. By debunking these common myths, it's clear that serviced apartments can provide a luxurious, well-maintained, and conveniently located option that often delivers better value for money than traditional hotels.


Serviced accommodation is a practical and luxurious alternative to traditional hotels, offering a range of benefits that cater to both short-term and long-term stays. By partnering with Clarice Carr & Co, you can ensure a high-quality investment experience that debunks the myths and highlights the many advantages of serviced apartments.


Want to know more? Check out our website or get in touch. 

 

Frequently Asked Questions

What are the benefits of investing in serviced accommodation with Clarice Carr & Co?

How does Clarice Carr & Co help maximise returns on serviced accommodation investments?

Do serviced apartments lack aesthetics compared to hotels?

Are maintenance issues common in serviced apartments?

Do serviced apartments lack amenities compared to hotels?

Do serviced apartments lack amenities compared to hotels?

Are serviced apartments in less desirable locations?

Are serviced apartments only suitable for long-term stays?


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