According to a report from AltoVita, the furnished housing specialist, 68% of the flexible rental sector is seeing an increased demand for extended stays, and 59% are seeing a demand for large spaces.
That’s according to a report that surveyed key players in the flexible rental sector globally.
The survey, conducted in partnership with ShortTermRentalz and Serviced Apartment News, contacted key players in the flexible rental sector globally. It asked respondents about the impacts of COVID-19 on the industry, alongside increased guest expectations and changes to inventory.
Changing guest expectations
With millions of employees working from home during the pandemic, there has been a significant rise in ‘working from anywhere’. To create WFA spaces, the survey revealed that respondents have prioritised high-speed Internet (43%), providing desk and office spaces (29%) and laptop-friendly surfaces (9%). When it comes to the best lease structure to support working from anywhere, 74% favour monthly leases.
With the global pandemic causing illness and frequent isolation, flexible cancellation policies have been a must ...
Photo: Karolina Saviova, COO & Co-Founder, AltoVita.