The HBAA has updated its respected Code of Conduct to reflect the emergence of apartment usage by corporate decision makers for their transient accommodation needs.
The Association, long recognised as the voice of the HBA sector, has seen a shift in buying patterns from traditional hotels to apartment-based business accommodation. The trend underlines the need for cost effective use of budgets, and also points to corporate duty of care by placing employees in an environment reflecting the comforts of home living.
The HBAA’s Code of Conduct affirms the working relationship between all parties involved in booking short and long term accommodation as well as meetings and events.
The revised Code of Conduct includes appendices of recommended agreements for the serviced apartment sector and dictates minimum accommodation standards, along with agent and property partner obligations.
There are over 1400 serviced apartment properties in the UK (over 500 in London alone), and the sector is widely acknowledged as an area of expansion by real estate developers and is becoming increasingly prominent on the corporate agenda.
Peter Ducker, executive director of the HBAA, said, “The HBAA Code of Conduct is recognised for providing best practices between hotels, venues and intermediaries. It was crucial that we brought apartments into the fold, as we see this as a huge area of expansion for both the HBAA and corporate decision makers.”
