Serviced apartments pricing factors

Basically, providers usually arrange their rates according to the following "duration of stay" scheme:

A very short stay: 3 to 6 nights
Under a month: 7 to 28 (or 30) nights
Month plus: 28 (or 30) nights to 90 nights

This is because the majority of the costs are concerned with booking, arrival and departure, so a longer stay is going to cost less per night than a shorter stay.

There can be another step at 90 to 180 nights (6 months), but let's focus on the more likely scenarios first.


Then there is the type of apartment: Studio, one bed, two bedrooms are normal; three, or four bedroom units are rare. Lots of scope for complexity here when you consider sub-types eg standard and superior, deluxe, super-deluxe etc - I won't attempt to cover this here, but will come back to the subject in future posts ;-).


Then there is competitiveness - eg how good is the location, how spacious are the apartments, how superior is the offering in terms of facilities? What hotels are nearby - sometimes for shorter-stays there can be a price relationship.


For these reasons, I have not tried to provide a price guide here. If you are serious about booking somewhere, it's likely that there will be other important factors, of which price is a partial component. When you are clear on your 5 factors, that is the time to talk specifics on price.


Hope this helps?

Adrian