- Cuddlynest attends the Serviced Apartment Summit Europe Recharge to gain insights on the new and disruptive market
- Summit brings out the problem of technology versus the traditional hospitality, authenticity and social interaction
- The rise in biometric data use and catering to the previously neglected hostel sector
Berlin, February 14—The fast-growing accommodation rental agency CuddlyNest (www.cuddlynest.com) attended the Serviced Apartment Summit Europe Recharge in Berlin to gain new insights on an extended stay, short term rental, and aparthotel market and respective hospitality trends for the upcoming years.
During the two days January 22 and 23, the serviced apartment professionals, both real estate owners, rental property managers, consultants, and bankers, along with marketing professionals and rental supplementary service businesses gathered to discuss the trends of the growing serviced accommodation sector. Problems of technology praised and utilized for cost reduction starting to interfere with the authenticity and social aspect of hospitality, as well as data and information gathering before the arrival of the guest, were brought to the discussion table by Andrey Fowler from SACO, and Steve Burns form Bridgestreet. The importance of sense of communities, human touch and experiences were highlighted as well, advising the industry to recognize the need to bring the traditional values of the sector back into daily operations.
The challenges discussed, such as fragmented markets not allowing for large-scale operations, booming real estate markets, political uncertainty in UK coupled with the strong growth in Singapore, Germany and UK serviced apartment markets require for a real estate, banking sector, and public initiatives to continue to perform well, considering the impediments of growth in the current political, economic and business environment.
CuddlyNest is an innovative online travel accommodation marketplace offering any kind of accommodation for every type of traveller globally. The company’s innovative booking fee sharing model with the lowest aggregate commissions in the market allows property managers to oversee their earnings while guests can book their accommodation for the lowest price possible.
Contact: COO Ritesh Raj
Phone: +49 174 3726 462
Email: [email protected]
Image by SAS Recharge. Accommodation industry professionals visit a serviced apartment owned by Vision Apartments.
In the middle: CuddlyNest COO Ritesh Raj.
Image by SAS Recharge. SAS Recharge attendees 2019.
Image source: Serviced Apartment Summit Europe