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Serviced apartment sector to recover within 18 months, says Savills

Some 74.6% of those surveyed said they believe occupancy levels will return to 2019 levels before the end of 2022, hinting at a 6-18 month recovery period

The serviced apartment sector has reportedly seen optimism reach its highest level since the onset of the pandemic, according to the latest Association of Serviced Apartment Providers (ASAP)/Savills sentiment survey.

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