How legislation and other factors are impacting the supply and availability of extended-stay accommodation across key global locations
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.
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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 favourably 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.”As well as analysis and commentary from some of the world’s major cities, the paper also goes on to consider the investment climate for extended-stay accommodation in London and some cities in Europe, and how this can also impact supply and availability in the sector.
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