A serviced apartment is an apartment with hotel-standard service and apartment- standard property management. It is an apartment receiving daily hotel-standard service without any hotel business involved. The concept was initiated in Asia. The service apartment combines quality hotel service and management with the traits of modern official building. It has good communication facilities and can provide various bushiness services such as clerical service, information and translation services. It is a combined multifunctional body of residence, hotel and club. The service apartment provides more convenience and flexibility with relatively lower price. The resident enjoys hotel-like services such as laundry service, bedclothes changing. A serviced apartment has similar facilities to a hotel, making the resident feel more like from a higher class. With people’s living standard being enhanced and taste being improved, they ask for higher quality in their lift. The serviced apartment is one of the things to meet such needs. The serviced villa，a derivative of the serviced apartment，is a new term. The serviced apartment and the serviced villa provide quite the same service. The only difference between them is the property type. A company running or managing the serviced aparment and serviced villa is called a Corporate Supplier.