The annual price radar conducted Acomodeo analysed data from 40 cities in the DACH region, and the average prices of the hotel booking portal HRS were compared with the average prices of the serviced apartments listed on Acomodeo for the year 2018.
According to the study, the hotel market recorded an overall price increase last year. At the same time, the market for serviced apartments continued to grow strongly and recorded mostly low overnight rates, thus putting pressure on prices in overall eight out of eleven destinations in the DACH region.
In 2018, Acomodeo customers were able to save between 20 and 54 per cent when booking a medium to long-term stay in a serviced apartment. The savings potential was the highest in southern German cities – with an average price of €48 per night for a serviced apartment, 54 per cent could be saved in Frankfurt compared to a hotel room. The price advantage in Munich is similarly high (53 per cent), although a night in a serviced apartment (€53 per night) is more expensive compared to a night in Frankfurt. Stuttgart also offers attractive price advantages for business travellers for long-term stays in serviced apartments (-51 per cent). The cheapest prices per overnight stay are available in Dresden (€41 per night) where travellers can save up to 50 per cent when staying in a serviced apartment. Even comparatively expensive cities such as Zurich (-36 per cent), Vienna (-50 per cent) and Berlin (-45 per cent) offer advantageous options to save travel costs due to their extensive selection of business apartments.
One of the major findings of Acomodeo’s annual study was that eight of the eleven cities had recorded lower average prices compared to 2017. Only Düsseldorf, Nuremberg and Zurich recorded an increase in booking prices. The company says in most cases, the price development can be attributed either to the market entry of new providers or to long-term price adjustments by existing providers.
“Especially during long stays, travellers prefer not to check in to anonymous hotel rooms. The need for an authentic living experience becomes more important as the length of their stay increases. Acomodeo offers the ideal solution for business travellers, because unlike private providers, professional payment and accounting solutions as well as numerous services corresponding to the company’s guidelines are ensured,” said Eric-Jan Krausch, founder and managing director of Acomodeo.
Acomodeo was the winner of the Best Service Provider category in the 2019 Serviced Apartment Awards.
