SUSTAINED GROWTH in the number of serviced apartments is creating employment opportunities in Hong Kong.
As a regional business hub and entrepot for China, Hong Kong has seen this branch of the rental market expand to cope with Asia's increasing number of expatriates.
The terms of expatriate executive packages have changed and the duration of foreign executive stays has shortened, so the demand for serviced apartments has increased.
Employment opportunities at these residences have expanded in parallel with that demand and the trend looks set to continue because major players in the industry expect further growth.
Visitors favour a hotel for brief stays, but for a period of a month or more many prefer a residence that feels more like a home.
And serviced apartments aim to provide just that.