Service Apartments
Service apartments combine the space and privacy of a home with the amenities of a premium hotel, attracting business travelers and tourists. Serviced units include modular kitchens, washers, iron boards, cutlery, smart TVs, and linen. Providing housekeeping and keyless entry systems ensures positive user reviews.
We utilize channel managers to adjust room pricing based on local events, medical tourism schedules, and weekend demand, maximizing occupancy and returns. Serviced units can generate 1.5x to 2x higher gross returns than traditional leases, though they require operational management.
Key Topics Addressed in this Guide
Myths vs. Verified Facts
"Service apartments have the same yield as traditional rentals."
Serviced units can generate 1.5x to 2x higher gross returns than traditional leases, though they require operational management and utility payments.
"Airbnb units do not require local municipal licenses."
Running short-term rentals requires commercial registrations, fire NOCs, and police registration forms for international guests.
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