Fully furnished apartments suitable for long or short-term residences are referred to as serviced apartments. These types of living spaces are less expensive than hotel rooms and are sought-after by frequent travelers particularly those who are on a business trip.
The rise of serviced apartments was caused by the recent reduction in the cost of international travel. The possibility of cheap travel for those with a tight budget. This has led to an increase in travelers who frequent the air, holidaymakers, and weekend visitors out of town.
In addition to the cheaper cost, the other advantages of a corporate serviced flats in Peterborough are spaciousness and privacy as well as convenience, particularly when traveling with a large party, and cost-efficiency of dining, as most of these properties, permit guests to cook their own meals with the kitchen appliances and equipment.
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The majority of these homes do not offer facilities that are typical of hotels like restaurants, as rooms that are serviced are equipped with kitchens or kitchenettes although there are a few exceptions to this norm.
The other kind of apartments that are serviced is known as corporate housing. These are homes that have been renovated to accommodate short-term stay and usually come with additional services such as utilities and cleaning.
The guests are able to stay in corporate homes for a period of 30 days or more. These apartments can be located in the city's center however, the majority of them are in the suburbs of cities which allows major business areas to be reached.
Other amenities and privileges that are available in apartments that are serviced include internet connectivity, DVD, and television for simple accommodation options, as well as luxurious kitchens, dryers and washers, large bathrooms with bathtubs, and spacious closets for most expensive rooms.