PRESS RELEASE
Tuesday 13 June 2023
How legislation and other factors impact the supply and availability of extended-stay accommodation across key global locations.
United Kingdom, Exeter, 13 June 2023 – Based on recent research with industry leaders and accommodation partners across their global supply chain, Situ, the global extended-stay accommodation agency, has released a white paper on current factors, including legislation, that are impacting the supply of short-term rental accommodation in ten key global locations and how this is affecting the extended-stay sector.
Locations researched and reported on include London, Edinburgh, Dublin, Paris, Amsterdam, Brussels, New York City, Boston, Singapore, and Sydney, with the main conclusion being one of complexity – with none of the factors affecting availability in the same way.
The variables coming into play include new and often stricter regulations; the current global and specific economic climate to each location; post-pandemic changes to travel and traveler habits; and how availability at peak times, such as during high tourist season and major events, is influenced.
Phil Stapleton, Situ’s Founder and CEO, says, “Whether short- or long-term accommodation is required, and wherever in the world it is needed, it is becoming increasingly evident that there are similar challenges around changing regulatory environments presenting themselves in each market.
Even greater collaboration across the sector would be welcome. By promoting a better understanding among a broader audience, we will position the sector favorably to avoid limitations as the industry continues to grow.”
“Each location has its own nuances and challenges right now,” says Rebecca Gonzaga, Situ’s Managing Director. “Thankfully, we have the understanding, expertise, resources, and capability to guide our clients through these to secure quality accommodation that meets their requirements.”
The paper also considers the investment climate for extended-stay accommodation in London and some European cities, and how this can also impact supply and availability in the sector.
For all Situ media inquiries, contact Tamara Edgar tamara.edgar@staysitu.com, +44 (0)1392 690 079
About Situ
Since 2008, Situ has been helping companies and organisations find the perfect accommodation for people when they’re on the move. Project team, corporate traveller, relocation assignee, global nomad – the title doesn’t matter. They’re all individuals who need somewhere to call home – when they aren’t at home. And that’s what Situ does every day – working to make finding and booking serviced accommodation effortless.
Situ offers a single point of contact for booking quality accommodation in over 140 countries worldwide.
