With the advent of AirBnB. I think there is a drop in interest in service apartments as tourist and visitors tend to stay in homes or private apartments. I know for sure hotel occupancy has dropped and some of the hotels are in a semi-panicked mode. For foreigners, many of them are staying in my apartment blocks for a few weeks. Just to experience what life is at a local level. Many people including myself are not very keen to open up apartments to visitors on a short term basis. Security will be poor.