The demand for accommodation in emerging economies is rapidly increasing. Companies who have a presence in more than one country need a comprehensive selection of serviced apartments available to them. That’s why the serviced apartment industry has to have superior commercial awareness and be ahead of the game with every emerging destination across the world. Here’s a selection of some of the fastest growing economies around the world:
Poland specialises in the automotive industry, construction machinery and shipbuilding, and according to EY’s 2013 European Attractiveness Survey Poland ranks 7th for ‘investment attractiveness’. We’ve recently visited potential new property providers in Wroclaw and Poznan. We currently have 100 apartments available in Wroclaw and 18 in Poznan.
China’s booming technology industry and foreign investment puts Beijing on the map as a global financial centre. We currently have over 1,300 apartments in Beijing, home to Google’s APAC headquarters, and 1,300 in Shanghai. The capital has as an excellent banking system creating an ideal base for businesses all over the globe.
Cape Town’s world class advertising, design studios and film production companies has given this business destination the title of 2014 World Design Capital. As the financial hub’s population continues to grow there’s increasing pressure on the city’s infrastructure, prompting growth in neighbouring cities with Johannesburg being home to several of South Africa’s biggest media companies. We now have 375 apartments in Cape Town and 409 in Johannesburg.
Even the United Kingdom has emerging economies. With many oilrigs in the North Sea, oil and gas companies have created a high demand for serviced apartments throughout Aberdeen. According to Julie Inglis of Parkhill Serviced Apartments, “Oil companies are expanding and there are a lot of construction projects being undertaken with four new business parks currently being built in the city.” To meet that demand we now have 478 apartments across the Energy Capital of Europe.
Brazil is one of the world’s most rapidly developing economies. The 2014 World Cup and build up to the 2016 Olympics have driven the demand for improved infrastructure and project work has increased dramatically. The country’s major industries include: banking, aerospace and defence, steel and cement, beverages, chemicals, motor vehicles, engineering and machinery. We currently have nearly 1000 apartments in Rio de Janeiro and 28 in São Paulo.