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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789440
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1789440
Serviced Apartment Market, By Type, By Application, By Booking Mode, By Lease Duration, By Geography
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PAGES: 140 Pages
DELIVERY TIME: 2-3 business days
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Serviced Apartment Market is estimated to be valued at USD 124.16 Bn in 2025 and is expected to reach USD 284.93 Bn by 2032, growing at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2032.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 124.16 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 12.60% | 2032 Value Projection: | USD 284.93 Bn |
The global serviced apartment market represents a dynamic and rapidly evolving sector within the hospitality and real estate industries, offering a compelling alternative to traditional hotel accommodations and conventional residential rentals. Serviced apartments combine the comfort and privacy of residential living (CAGR) of with the convenience and services typically associated with hotel stays, featuring fully furnished units equipped with kitchens, living areas, and housekeeping services. This accommodation model has gained significant traction among business travelers, extended-stay guests, corporate relocations, and leisure tourists seeking flexible, cost-effective lodging solutions. The market encompasses various property types, from luxury high-rise buildings in metropolitan areas to boutique properties in suburban locations, catering to diverse customer segments including corporate clients, individual travelers, and families.
Market Dynamics
The global serviced apartment market is propelled by several key drivers that are reshaping the accommodation landscape and driving sustained growth across multiple regions. The primary growth driver stems from the evolving preferences of business travelers and corporate clients who increasingly seek cost-effective, flexible accommodation solutions that offer greater space, privacy, and home-like amenities compared to traditional hotel rooms, particularly for extended stays and relocations. The rise of remote work culture and digital nomadism has created a substantial demand for fully equipped living spaces that serve as temporary offices, while urbanization trends and increasing business travel activities in emerging markets continue to expand the customer base.
Key Features of the Study
- This report provides in-depth analysis of the global serviced apartment market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global serviced apartment market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Marriott International, Inc., The Ascott Limited, Oakwood Worldwide, InterContinental Hotels Group (IHG), Fraser Hospitality, Staybridge Suites, Citadines Apart'hotel, Residence Inn by Marriott, Hilton Worldwide Holdings Inc., Accor S.A., Sonder Holdings Inc., Wyndham Hotels & Resorts, Blueground, Taj Hotels, and Greet Hotels
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global serviced apartment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global serviced apartment market
Market Segmentation
- Type Insights (Revenue, USD Bn, 2020 - 2032)
- Luxury Serviced Apartments
- Mid-Range Serviced Apartments
- Budget Serviced Apartments
- Others
- Application Insights (Revenue, USD Bn, 2020 - 2032)
- Business Travelers
- Leisure Travelers
- Long-Term Stay
- Others
- Booking Mode Insights (Revenue, USD Bn, 2020 - 2032)
- Direct Booking
- Online Travel Agencies
- Corporate Contracts
- Online
- Lease Duration Insights (Revenue, USD Bn, 2020 - 2032)
- Long-Term (More Than 30 Nights)
- Short-Term (Less Than 30 Nights)
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Marriott International, Inc.
- The Ascott Limited
- Oakwood Worldwide
- InterContinental Hotels Group (IHG)
- Fraser Hospitality
- Staybridge Suites
- Citadines Apart'hotel
- Residence Inn by Marriott
- Hilton Worldwide Holdings Inc.
- Accor S.A.
- Sonder Holdings Inc.
- Wyndham Hotels & Resorts
- Blueground
- Taj Hotels
- Greet Hotels
Product Code: CMI8190
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Serviced Apartment Market, By Type
- Global Serviced Apartment Market, By Application
- Global Serviced Apartment Market, By Booking Mode
- Global Serviced Apartment Market, By Lease Duration
- Global Serviced Apartment Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
4. Global Serviced Apartment Market, By Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Luxury Serviced Apartments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Mid-Range Serviced Apartments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Budget Serviced Apartments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Serviced Apartment Market, By Application, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Business Travelers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Leisure Travelers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Long-Term Stay
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Serviced Apartment Market, By Booking Mode, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Direct Booking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Online Travel Agencies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Corporate Contracts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Serviced Apartment Market, By Lease Duration, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Long-Term (More Than 30 Nights)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Short-Term (Less Than 30 Nights)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Serviced Apartment Market, By Region, 2020 - 2032, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Booking Mode, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Lease Duration, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Booking Mode, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Lease Duration, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Booking Mode, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Lease Duration, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Booking Mode, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Lease Duration, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Booking Mode, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Lease Duration, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Booking Mode, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Lease Duration, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Marriott International, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- The Ascott Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Oakwood Worldwide
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- InterContinental Hotels Group (IHG)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Fraser Hospitality
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Staybridge Suites
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Citadines Apart'hotel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Residence Inn by Marriott
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hilton Worldwide Holdings Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Accor S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Sonder Holdings Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Wyndham Hotels & Resorts
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Blueground
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Taj Hotels
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Greet Hotels
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us
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