Overview

If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Serviced Apartments procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Serviced Apartments, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Serviced Apartments - Recent Price Trend

Average rental rates for serviced apartments have been rising at an estimated average annual rate of 3.9% from 2014 to 2017. Input cost growth has been one of the factors driving these price increases. In particular, overhead costs for suppliers have been rising, and suppliers have been passing on these increased costs by raising rental prices to the detriment of buyers.Demand for serviced...

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Serviced Apartments - Total Cost of Ownership

The inclusion of amenities in the rental cost is one of the main factors that differentiate serviced apartments from hotels, motels and regular apartments. Unlike these other residences, serviced apartments typically include parking, internet access, laundry facilities and additional services as part of their standard package, meaning that buyers do not have to pay extra for these amenities the...

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About this Report

This report is intended to assist buyers of serviced apartments. For the purpose of this report, the term buyer will refer to any party looking to rent serviced apartments. Providers operating in this market, which include hospitality conglomerates and serviced apartment specialists, offer long-term and short-term furnished accommodations to meet temporary housing needs. These facilities often come equipped with resources unavailable in other temporary residences, such as kitchens. Corporate housing and extended-stay hotels are the main types of serviced apartments. This report does not include regular hotels and motels or nonserviced apartments.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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