Introduction to serviced accommodation 
Here are some of the main good points and benefits of owning a serviced accommodation business in the U.K.:
•    Strong and growing demand - Business and leisure travel to the U.K. continues to increase, fueling demand for short-term furnished rentals as an alternative to hotels.
•    Higher returns than traditional lets - Serviced flats can generate higher rents per square foot than traditional long-term residential lets, and turnover is faster with shorter stays.
•    Flexibility - Serviced accommodation allows for versatility to cater for stays from a few nights to several months. You can furnish and equip the units to match different customer needs.
•    Lower vacancy rates - Unlike traditional flats, the units are in continual turnover, meaning lower voids and periods without income.
•    Tax advantages - If structured correctly, certain tax reliefs can apply as a furnished holiday letting business. This includes entitlement to small business rates relief.
•    Scalability - The business model can start small, testing the market with just a few units, but has the potential to scale up quickly to expand the portfolio.
•    Broad customer base - Guests range from business travellers, relocating professionals, tourists and weekend travellers. This diversifies risk.
•    Manageable oversight - Properties can be maintained with efficient self-check-in systems and occasional cleaning/inspections as needed between guests. Doesn't require full-time staffing.
The sector continues to perform strongly despite economic uncertainties, and barriers to entry are lower than in traditional hospitality sectors like hotels.