
Reading Time: < 1 minuteIndonesia: New research from Colliers predicts that four upcoming projects will take Jakarta’s serviced apartment inventory to 7,793 by the end of 2025.

Reading Time: 5 minutesUK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000.

Reading Time: < 1 minuteUK: Real estate agent Savills has been appointed to sell two central London C1 serviced apartment schemes located in The City of London and Farringdon for guide prices of £17 million and £11 million respectively.

Reading Time: < 1 minutePortugal: Amsterdam based hotel group City ID will transform the palace Baronesa, located in Largo Conde-Barao in Lisbon, into an 88-room aparthotel.

Reading Time: 2 minutesUK: Dubai-based hotel group Rotana will open two properties in Greater London under its Centro economy segment brand.
![Chancellor Kwasi Kwarteng [Credit: Number 10 Flickr] UK mini-budget: How it will affect hospitality](https://servicedapartmentnews.com/wp-content/uploads/2022/09/Screenshot-2022-09-23-at-13.38.46-800x445.png)
Reading Time: 5 minutesUK: Chancellor Kwasi Kwarteng has announced a series of tax cuts in a mini-budget aimed to boost economic growth.

Reading Time: 2 minutesAustralia: A newly built 99-key serviced apartment building in West Melbourne is up for sale.