Urban Retreat Highlights Growing Trend in Luxury Apartment Market

The Urban Retreat reports a rising preference for luxury serviced apartments over traditional hotels in London. Such apartments, like those in Mayfair, are favored for their exclusivity, comfort, and five-star amenities, catering to a new kind of luxury traveler who values privacy and a personalized touch.

As luxury travel shifts towards personalized experiences, the global market for luxury travel is expected to increase by 7.8% annually from 2023 to 2030. High-end travelers now prioritize space, privacy, and services akin to those in private residences, which hotels often do not provide.

Features like concierge services, spacious living quarters, and prime locations make serviced apartments an appealing choice. Urban Retreat aims to continue leading this trend, offering sophisticated amenities and an at-home experience for business and leisure travelers alike.