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BusinessWorld May 25, 2021 | 12:05 am BusinessWorld. “A serviced apartment is a fairly stable investment vehicle,” said Claro dG. Cordero, Jr., director and head of research at Cushman & Wakefield. “It provides a secure and stable income for operators, as contracts with long-stay corporate clients provide resilience.” The strength of the serviced apartment sector, added Mr. Cordero, is that it provides a safer environment for its core end users — business travelers — who need to be housed in professionally managed accommodations. The business process outsourcing industry, which is projected to grow after the pandemic, is seen as another source of demand. “The market is still very young,” Mr. Cordero added. “It will continue to professionalize.”   

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