November 03, 2005
Hotels feel heat from serviced apartments
More proof that hotels aren't making the grade in Australia - serviced apartments are squeezing the big building's profits. Without having to worry about security, concierge, food and beverage and other services, illegally operating apartments can offer great rates to long-term travelers who wish to save a few bucks. The problem has garnered the most attention in Sydney but Melbourne and Brisbane (which have extra apartments) are now starting to feel the pinch.
From Hotels feel heat from serviced apartments
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