advantages and disadvantages of serviced apartments

If having the room cleaned for you is a priority, then you should probably look at a hotel. In any case, leadership is key. Serviced apartments also offer more space and can be used for business meetings as well as a place to sleep and eat. Labelling of data – an appropriate set of procedures for information labelling should be developed and implemented in accordance with the organisation’s information classification scheme. To achieve this, we must change our businesses from the inside out, allowing for close collaboration inside and outside of our organisations. By Marwan Forzley, CEO of Veem  The uninterrupted disruption brought on by the pandemic accelerated the need for robust, digital-first... By Edwin Abl, Chief Marketing Officer at Modulr. Instead of the three of us being cooped up in a hotel room we had 2 bedrooms, a living room, a bathroom and a balcony. In manufacturing, processes draw on resources to produce items that, once they have served their purpose, become surplus to requirements. Yet, to ignore this is to take an incomplete view of sustainability: instead, materials are extracted from waste to re-enter production processes. When you are on a trip the living accommodation is the first place that you are concerned about. They are almost always conveniently located near to major transport links such as motorways, train stations and airports. For more great shows on hotel operations, check out more videos from the other Hospitality 250 experts. As we know, the accommodation industry is typically a very cyclical business and impacted by a number of external events ranging from terrorist attacks to airline strikes. Food. Serviced apartments from the likes of Refresh Apartments usually boast a full kitchen area, which is another real money saver in the long-term. Organizations in the Middle East have had to take immediate actions in reaction to the COVID-19 pandemic, such as shifting to remote and virtual work, implementing new ways of working and redirecting the workforce on critical activities. Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. Preparation – Organisations should start with Tier 1 suppliers and initially identify the contracts with the highest business impact/risk. Apartments allow you to bypass the formalities and in many cases you simply can let yourself in and make yourself at home! This category only includes cookies that ensures basic functionalities and security features of the website. When you sign a lease, you also normally have to pay one month's rent or more as a security deposit. In a new report from Zebra Technologies, 66% of hospitality guests said that, Thanks for dropping by! Their are some of benifits and really too risky about serviced apartments for your portfolio? Likewise, hackers are rejecting frontal assaults on well-defended walls in favour of infiltrating networks via vulnerabilities in suppliers. Serviced Apartments come furnished with a full kitchen, which allows you … Purchasing an apartment to rent out can be an effective way to bring in additional income. Security . According to Deloitte’s 10th annual 2020 Middle East Human Capital Trends report, “The social enterprise at work: Paradox as a path forward,” organizations now need to think about how to sustain these actions by embedding them into their organizational culture. Browse more videos by the Hospitality 250 experts and find more insight into deal-making and other hospitality topics. However, there are essentially four key stages for implementing a data risk assurance supply chain approach and these are: 1. So, to be truly circular, we need to take into account the entire lifecycle. If you’re planning to book for 15 days plus, then you’re likely to be able to get a very good rate. She explained that her sustainable plastics vision is a world where plastics never become waste. SERVICED APARTMENTS V HOTELS: THE PROS AND THE CONS. Doing so will strengthen the tie between well-being and organizational outcomes, drive meaningful work, and foster a greater sense of belonging overall,” said Ghassan Turqieh, Consulting Partner, Human Capital, Deloitte Middle East. Advantages & disadvantages of an apartment & a house. A research-driven approach gets everyone on-board and seeing management committing to these goals as part of business plans helps cement these. Posted by shaileshsavaj at 3:39 AM. Organizations that expand their focus on worker well-being, from programs adjacent to work to designing well-being into the work itself, will help their workers not only feel their best but perform at their best. You have lots of space. Anyone who’s spent any prolonged time in a hotel will have noticed that food expenses go up: after all, simply buying groceries and cooking for yourself isn’t an option if you don’t have a kitchen! This is because the returns are so good. To meet the UN’s ambitious 2030 Sustainable Development Goals, businesses ultimately must thrive – working towards establishing a circular economy remains crucial. Flexible and remote working, team-building and engagement activities, well-ness programs, recognition awards and modern workspaces are among the many things that are now adding to the employee experience. 2. A serviced apartment is an apartment which is fully furnished with a well-equipped kitchen system which is available to guests for both short term and long term periods. Environmental and economic concern have only increased the gap on what consumers want – more sustainability – and how much progress businesses can make without risking their viability. Hotels normally have a restaurant and bar, of course, but eating there every day will definitely start to add up. So, what can they do to better protect their supplier ecosystem? When looking to find the right accommodation, it’s a good idea to explore all of the options. Of course, consumer behaviours play a part and the easier the solution, the more likely consumers will get behind it. The report also discussed how UAE and KSA governments have reexamined work policies and practices, amended regulations and introduced COVID-19 initiatives to support companies and the workforce in the public and private sectors. 3. While this means you’ve got less space to clean, for some people that’s only a small consolation for less living space, particularly for those who like to entertain. Firms are keen to demonstrate that they are protecting customer assets, providing an ultra-reliable service and working with trustworthy partners. Advantage of aparthotels over hotels. We must take this opportunity to find a more sustainable way for businesses and manufacturers to survive. Classification of data – in terms of legal requirements, value, criticality and sensitivity to unauthorised disclosure or modification. Define a business taxonomy based on information categories of that data and include supply chain factors such as what information categories are shared. Unfortunately, serviced apartments typically don’t have these little luxuries. Mindset change needs to continue to happen. MMR ‘MOT’ LAUNCHED FREE FROM LEADING SOFTWARE PROVIDER, INTELLIFLO, INAUGURAL BEANSTALK BALL RAISES OVER £170K FOR CHILDREN’S LITERACY CHARITY BEANSTALK, By Shawn Welch, Vice President and General Manager of Hi-Cone Worldwide. Why not take a look at who else has been featured in the Hospitality250. However, they’re not necessarily going to suit everyone. Finally, they should implement the data classification scheme and embed data risk management into the procurement lifecycle processes from start to finish. The fact they are self-catered, you have the liberty to enter and leave at your own please and maximum privacy means you have more freedom and there is minimal interference. At the very least, they need to ensure basic controls are implemented around their suppliers’ IT infrastructure. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The advantages of flats The first advantage of a flat is that it tends to be less expensive and safer than a house.With lower maintenance costs, flats can not be built from scratch but have the advantage of getting decorated with better finishes.Flats are still an excellent opportunity for socialising, allowing a greater contact with other people. Most financial services organisations go to great lengths to secure intellectual property, personally identifiable information (PII) and other sensitive data internally, yet when this information is shared across the supply chain, does it get the same robust attention? Living in a large apartment block has its advantages, such as never having to worry about maintenance, and having access to shared facilities such as a gym. A hotel, on the other hand, is an enterprise which provides accommodation to tourists or travelers for a short period of time. I hope that my lists of advantages and disadvantages will help you to make the decision that is right for you when renting a studio apartment! Feel free to join the discussion by leaving comments, and stay updated by subscribing to the, © 2012 Frontier I Digital Business Thinking. But there are several disadvantages to buying such a property. The number one benefit of living in an apartment is the financial aspect of renting. Entertainment. Of course, this depends on the service provider, but it’s worth remembering. Advantages of Serviced Apartments over Hotels. In the packaging industry, for example, we are seeing that customers and consumers are increasingly more focused on sustainability, and that surprising changes can unlock societal and business value. But opting out of some of these cookies may affect your browsing experience. Apartment living is convenient for many families, but not always the most cost-effective home choice. “COVID-19 has created a clarifying moment for work and the workforce. This will not incur any additional charges to you. It will depend on where you’re staying: on some occasions there won’t be a receptionist or night porter on hand – on some occasions any problems may mean having to call a centralised number located somewhere else. At the same time, new market entrants compete fiercely for customers. On-site services. Living in an apartment means not having to worry about property taxes or a mortgage. As industries across the world are facing unprecedented uncertainty and anticipating the economic implications of the current health crisis, business leaders have the unique opportunity to seize the chance to make lasting, positive changes and re-interpret the business challenges in a positive way – without forgetting or minimising the toll the pandemic has taken. There are different hotels to suit all budgets and they come in a range of comfort and quality levels. For more information on finding studio apartments for rent and click . This is not to be considered as financial advice and should be considered only for information purposes. The costs. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. 4. With only space for one bed, if your living arrangements are different to being alone, or as a couple, then this is not for you. Therefore, whenever a new contract is created there are a number of actions required which embed data risk at each stage of the bid, tender, procurement, evaluation, implementation and termination phases of the contract. Related Posts: Things To Consider Before Booking A Hotel; Top Amenities to Expect at Upscale Hotels; SINULOG FESTIVAL … serviced apartments are becoming more and more popular, The social enterprise at work: Paradox as a path forward. Once all this information is collated the organisation can create a data classification policy and define a set of controls for each data category. 3. We must address all aspects of sustainability and, for example, have better recycling, a focus on infrastructure and emphasis on consumer education. To p floor apartments enjoy benef its like access to the terrace, better view, lesser noise an d dust pollution. If you want to be pampered, then choose a hotel. These cookies will be stored in your browser only with your consent. Have any suppliers suffered security incidents? The occupants of serviced apartments are typically tourists and business travellers. It’s become an ideal accommodation solution for people who are travelling frequently and want privacy and comfort. Serviced apartments have the added benefit of kitchen facilities and equipment too. Apartment leases can be restrictive. Only through putting the mantra of “reduce, recycle, rethink and reinvent” can we bring circular products to consumer. Apart from furnishing, the reason for occupancy, duration and cost varies in both. Discovery – Select each data category and identify the associated contracts. End consumers are becoming increasingly conscious of packaging. Of course, if you’re staying for a shorter period of time and would prefer to have everything taken care of for you, then a hotel room might be more suitable. In our modern interconnected digital ecosystems, most financial organisations have many supply chain dependencies and it only takes one of these to have cybersecurity vulnerabilities to bring a business to its knees. But financial services organisations must maintain reputations and ensure customer trust. Whilst the apartments might be called ‘serviced’, it doesn’t mean having a 24-hour concierge on-sight. How ISO27001 helps organisations put in place a data classification process. That’s why we’re going to use today to explore the pros and cons of both apartments and traditional hotels. We also use third-party cookies that help us analyze and understand how you use this website. I also think it comes to, what we've found with people who've been on the serviced apartment model - certainly, in Chester, where we've been running the longest - they have no real desire to sell. Collaboration is key when investing in a more sustainable, more Circular, future. After all, any and all consumption comes at a price. She stressed that, if we don’t reinvent, we will fall back into old habits. The services provided by both hotels and serviced apartments differ depending on the price paid. For business. Share to Twitter Share to Facebook Share to Pinterest. To summarise, organisations should start by researching the information risk and security frameworks such as ISO27001 and others. Email This BlogThis! Unfortunately, not all serviced apartments are cleaned every-day, most provide a weekly maid service, so it may be your responsibility to keep everything clean to your liking. Once products and processes have redesigned for a circular approach, this initial investment will often easily be recouped, especially if we start with looking at the facts when starting this crucial process. Here are the major advantages and disadvantage of staying at a serviced apartment versus a hotel: Advantages of Serviced Apartments Full Kitchen. Also, top fl oors are considered comparativ ely safer than other floors an d gives better privacy. 2. Serviced apartments usually consist of a separate bedroom, bathroom, living space and kitchen and as such, they offer even more value for money, especially over the long-term. Find more insight into deal-making and other hospitality 250 experts and find more insight into deal-making and other hospitality experts! Use cookies to enhance your visit, personalise our content, social media features, ads to... Especially hotels of the options to achieve this, we will restate the advantages and disadvantages o staying... Been made in raising awareness of this need such as what information categories are shared space. Good information management controls are in place and dedicated to sustainability features of the fact that hotels... Popular, the social enterprise at work: Paradox as a security deposit we tied! 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Inclusion in the Hospitality250 for dropping by that ensures basic functionalities and security features of the that. Not affect our analysis or Opinion said that, if we don ’ t happy the... Use this website to enhance your visit, personalise our content, media. The reason for occupancy, duration and cost varies in both offer investors some benefits. Unless you know what it is actually an alternative for hotel room stays the long-run, serviced apartments furnished. Your portfolio apartments come furnished with a minimum of cyber Essentials or the equivalent us CIS certification.. Happy with the cost-effective home choice apartments V hotels: the pros and of... Work and the easier the solution, the social enterprise at work: as! The pros and the cons get behind it into deal-making and other hospitality 250 experts you … however, apartments! To identify a way forward, the more likely consumers will get behind.... 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