Thursday, July 29, 2010

How is the demand for Serviced Apartments Bangalore?

Serviced Apartments Bangalore

If you're going on an official trip or on a hangout with friends to Bangalore, you must be seeking for some cheap and good accommodation to stay at. Well, how about staying in a home-like atmosphere where you'd find comfort and relaxation and have complete privacy.If you're searching for the same then you can go for Serviced Apartments Bangalore that are cost-effective and fully furnished accommodations available on rent. This Serviced Apartments Bangalore can be rented according to your requirement from one day to complete month.
With the economy booming and IT and ITeS sectors being in demand, a growing number of expat professionals are packing their bags to kickstart and oversee business operations in India. And this is exactly the fraternity that is pushing the growing demand for Serviced Apartments Bangalore.
There is a good demand for well-run Serviced Apartments Bangalore. The six major metros in India can easily absorb anywhere between 300-600 apartment units at the moment.
Interestingly, in these metros, 12-18 per cent of the hotel business is extended stay (he defines extended stay as anything which is two weeks or more).
The potential for this segment can be gauged by the fact that at least another 20 per cent stay in guest houses or private homes of companies. This segment will come back, if there is good supply of serviced apartments in the market tomorrow.
The potential for this market to grow, though the base is pretty small right now, is extremely high, particularly due to the services sector and increased penetration in not just primary, but secondary and tertiary markets as well.
The sectors generating this demand are IT, ITes, BPO, KPO, bio-technology and to some extent manufacturing, particularly during new setups, consulting and financial services, infrastructure and telecom.
This demand is expected to rise with the projected growth path of the Indian economy, further penetration in other aspects of the services sector, setup of operations across secondary and tertiary cities and fast increasing domestic leisure travel, where people/families may prefer to rent apartments rather than stay at hotels, particularly in destinations such as Bangalore.
Transithotels.in is the one of the pioneers in this segment offering some of the finest service apartments in Bangalore, India. We offer safe, secure and economical Serviced apartments / accommodations in Garden city, Bangalore India, be it for work or for pleasure.
(ArticlesBase SC #2860303)

transit - About the Author:
Transithotels.in is the one of the pioneers in this segment offering some of the finest service apartments in Bangalore, India. We offer safe, secure and economical Serviced apartments / accommodations in Garden city, Bangalore India, be it for work or for pleasure.
Source:  http://www.articlesbase.com/hotels-articles/how-is-the-demand-for-serviced-apartments-bangalore-2860303.html