As we know UK is a famous place for all types of travelers whether it’s business persons, students, or tourists. The market of Short-term rentals & vacation rentals in the UK is growing rapidly because travelers are choosing short-term rentals among traditional hotels. There are many reasons behind it. Today we are going to discuss step by step How to start a service apartment business in the UK. This blog is the ultimate guide for beginners who are willing to start a serviced accommodation business in the UK.
So, what exactly is serviced accommodation? It bridges the gap between traditional vacation rentals and hotels. Guests enjoy the space and privacy of a fully equipped apartment, but with the added convenience of hotel-like services:
- Regular cleaning and linen changes
- Guest amenities like towels, toiletries, and kitchen essentials
- Flexible housekeeping options
- On-site or readily available support
What is Serviced Accommodation?
Many people have misconceptions about serviced accommodation in the UK. Some people say that serviced accommodation is like Hote. Some say it is just rental services that provide rental facilities to their guests. Simply serviced accommodation is a short-term rental service which provides many kinds of facilities to its guests. The facilities like cleaning, laundry, housekeeping, security, dedicated workplaces, etc.
Some people say that serviced accommodation is like a hotel but there is a difference between serviced accommodation and Serviced apartments. So understand the types of serviced accommodation in the UK.
There are several types of Serviced Accommodation such as Single rooms, Entire House and Apartments.
Single Room: If an owner of the property rents out the room for a few days to a maximum of days it is considered Serviced Accommodation.
Entire House: If the owner rents out the entire house for a short-term or long-term stay that is considered as Serviced Accommodations
How to Start Serviced Apartments Business in the UK?
There are a Few Things involved When you are going to start a Short-Term Rental Business in the UK. Let’s understand the things that should be included when we start a Serviced Accommodation Business.
Market Research
Research the short-term rentals where you’re going to start. Look at popular destinations like tourist areas. Identify the Guests that you’re going to target.
Make business plan
When you are going to do any kind of business, make a written business plan.It mentions the cost estimation and short-term and long-term plans for the business. Also, make sure about the Return on Investment (ROI).
Registration The business according to the law
Rules and regulations may be different from place to place. The owner of the Serviced accommodation should take the taxes from guests.
Select location
If you are thinking about starting a Serviced Accommodation business, select the tourist attraction area where you can get visitors easily. London, Manchester, and Liverpool are some of the popular places in the UK from where you can get more visitors.
Make Marketing Strategies
Marketing and Branding strategies for Serviced Accommodation are important in Every Business. You can do marketing by exploring the social media platform and creating engaging content. Having a good online presence will help you stand out from the competition in a competitive market.
Add Amenities to the Serviced Accommodations
It is most important for you to add amenities to the Serviced Accommodation. Added key amenities like Wifi, Utilities, Furnished Rooms and Kitchens, Parking Spaces, Housekeeping and Security. These are the important amenities that should be added to Serviced Apartments.
Booking Platforms
Create an official website for your short-term rental business and add photos, videos, and descriptions about your property. List your property to the Property listing platform like Airbnb, Vrbo, and Booking.com.
Book a call with our Team to learn more about the Short-Term rental business in the UK.
The fact we have worked in just over 50+ locations all over the UK for Serviced Accommodation business owners, we are excited to share with you this process and suggestions above.
