There is an increased popularity with the trends of the condos as people are familiarizing with its potential thus engendering higher demand. Some have viewed the condos as a large investment opportunity which can be used for vacation purposes should the owners not be utilizing them.
The benefits of this condo hotel trend is that they are able to market the unit as a hotel where they make reservations, front desk operation, maintain the property while at the same time offer services to their guests such as housekeeping, food and drinks.
The growing trend of the condo hotels can be attributed to the fact that they are luxurious and at the same time cheap. It allows guests to still operate as one functional unit as they are all under one roof. Privacy is also highly maintained. Similarly, the owner incurs certain costs such as taxes and insurance as would a normal hotelier.