GSAIR 2023 10
Welcome and introduction
Welcome to the 10th edition of the Global Serviced Apartment Industry Report .
By Joanna Cross Chief Operating Officer , Ariosi
Fifteen years after the first publication of this industry stalwart , fondly known more commonly as GSAIR , we gather again to celebrate the 10th edition . A significant milestone for this trusted publication , which has long been recognised as an industry pioneer and piece of thought leadership .
In 2023 , GSAIR seamlessly sits in its new home , Ariosi Group Limited , part of the Habicus Group and sister company to the world ’ s leading serviced apartment agent , SilverDoor . GSAIR was published under the SilverDoor banner in 2022 , following the acquisition of The Apartment Service by Habicus Group in 2021 . Whilst the team behind the report has changed , the commitment to deliver value and insight , remains .
At Ariosi , we ’ re proud to continue the long and valuable tradition of GSAIR and support its continuing evolution . Over the last 12 months , many of you have reached out to emphasise the value of the publication to your organisation , so it ’ s a pleasure to bring it to you again , this year , particularly as it reaches its double digit birthday .
Serviced apartment operators , agents and corporate buyers of temporary living products continue to hold GSAIR in high regard , as the place to come for an annual amalgamation of survey results , data analysis and expert industry commentary and opinion . Additionally , it provides tangible and real insights for developers and investors alike , lifting the lid on a maturing sector that brings an ever appealing proposition to the market .
The root and strength of GSAIR remains in its global survey and in those that power it with their organisational responses and data . The broad and far reaching fingers of GSAIR make it a robust collection of data informed intel , allowing it to continue to bring true insights for another year .
Industry consultancy
We launched Ariosi in November 2022 and have been delighted by the support we ’ ve received and thrilled with the business opportunities we ’ ve had ; we ’ re busy delivering a suite of bespoke training courses and operator workshops , compiling data and market insights , and curating comp sets and research papers for a diverse range of clients .
Our business aspirations are now a reality , and turning real experience into a tangible product , is a result of many years of vision and hard work . Our purpose remains clear – to drive stability and increased growth and performance within the serviced apartment sector .
An evolving landscape
As we continue to put the pandemic behind us , what remains clear is that collaboration and partnership are what strengthen us as a global community . Whilst healthy competition is good for business , working together to overcome new and evolving challenges is what our sector does best . Global or localised crises , regulatory hurdles , and environmental targets , all propel us towards a future landscape where we ’ re focused on a better product , service and offering . The diversification of serviced apartments provides almost relentless opportunity , and the optimism in this year ’ s survey results shows us there ’ s plenty to be positive about .
Thank you
A special ‘ thank you ’ goes to our sponsors , advertisers , contributors , and supporters – all of you continue to make GSAIR possible , whilst ensuring it remains current and relevant , and further strengthening its value .