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Serviced apartments gaining favour over hotels

Shrinking corporate-travel budgets, need for longer-term transient homes boost demand

SHAKING UP THE SECTOR  Banyan Tree in June launched serviced apartment brand Cassia, which has five projects in development. - PHOTO: BANYAN TREE


SERVICED apartments are losing their stigma as the less glamorous and poorer cousins of hotels, as shrinking corporate budgets siphon business travellers away from hotels to them.

At the same time, a growing need for longer-term transient homes brought on by greater...

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