Serviced apartment providers in the UK saw a rise in occupancy and weekly rent in 2010.
According to new figures from the Association of Serviced Apartment Providers (ASAP), both London and the regions showed steady growth
Occupancy in London also grew to 89% for the year overall, up three percentage points on 2009.
The average weekly rate in London was £907, a 7.5% increase on the figure (£843) for 2009.
Outside London, occupancy grew by four percentage points to 76%, while the average net weekly rental rate grew from £538 in 2009 to £594 in 2010, a 10% rise.
In 2010, ASAP’s members expanded with new openings in a number of secondary cities, including Nottingham, Swansea, Norwich and Bournemouth.