At the Institute of Travel Management's conference, the New Distribution Capability (NDC) which lets airlines control and retail their products, was discussed. Corporate travel managers expressed concerns about difficulties in accessing content and resultant increased costs. Airlines argued that their change in strategy from focusing on businesses to individual travellers was supported by data pointing to increased leisure travel. The industry is urged to transition from outdated technology to NDC. However, businesses consider the focus should be on who's paying, not the end customer.
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By the crazy benchmark of 2021, a 56 per cent February occupancy rate in London for short-term rentals (such as serviced apartments, corporate housing and aparthotels), according to the hotel data consultancy STR, was a singularly impressive achievement.
True, that figure is well down from 65 per cent in February 2020, yet it compares highly favourably with London’s hotels, where occupancy was a catastrophic 24 per cent February 2021, down from 78 per cent a year earlier.
There are several reasons extended stay properties (essentially accommodation with kitchen and laundry facilities) are enjoying their moment in the sun, says Jo Layton, director of CAP Worldwide, a serviced apartment booking agent for the corporate market.