PUBLISHER: Grand View Research | PRODUCT CODE: 1814080
PUBLISHER: Grand View Research | PRODUCT CODE: 1814080
UK Serviced Apartment Market Size, Share & Trends Analysis Report By Type (Long-Term, Short-Term), By End Use (Corporate/Business Traveler, Leisure Traveler), By Booking Mode, And Segment Forecasts, 2025 - 2033
Market Size & Trends:
The UK serviced apartment market size was estimated at USD 4.18 billion in 2024 and is projected to reach USD 8.82 billion by 2033, growing at a CAGR of 8.8% from 2025 to 2033. The market is experiencing robust growth, driven by evolving business needs, shifting travel behaviors, and a growing demand for flexible, home-like accommodations. As corporate travel rebounds and work patterns diversify, serviced apartments have become preferred for domestic and international travelers seeking longer stays without sacrificing comfort or convenience. Urban centers such as London, Manchester, Birmingham, and Edinburgh are leading this expansion, supported by infrastructure development and a surge in digital connectivity.
One of the key demand drivers is the rise in project-based corporate travel and international assignments. UK-based companies across sectors, from tech to finance and consulting, frequently relocate employees or host them for extended periods. Serviced apartments provide a practical solution, offering greater living space, fully equipped kitchens, and privacy that traditional hotels often lack. For instance, Ascott Limited expanded its Citadines brand in London with Citadines Islington, which is strategically positioned to serve corporate clients working in the city and nearby tech hubs. Similarly, STAY Camden continues attracting long-stay professionals and executives with its sleek, modern interiors and co-working amenities in a connected residential location.
Digital nomadism is also gaining momentum across the UK, particularly in cities with strong co-working ecosystems. Flexible remote work policies have allowed professionals to base themselves in cultural and business hotspots like Bristol or Edinburgh, where serviced apartments provide the infrastructure to balance work and leisure. Native Places and SACO (The Serviced Apartment Company) have adapted to this trend by offering hybrid accommodation models, blending boutique-style design with work-ready features like high-speed Wi-Fi, quiet zones, and ergonomic furniture.
Tourism has added momentum, with international and domestic travelers increasingly choosing serviced apartments over conventional hotels. Families, in particular, are drawn to the space, affordability, and cooking facilities, especially during school holidays and city breaks. The demand for more personalized, immersive stays is being met by providers like Roomzzz Aparthotels, which recently opened a new property in York. Roomzzz Aparthotels offers suites with fully fitted kitchens, smart TVs, and 24/7 concierge services tailored to tourists seeking local experiences.
The post-pandemic emphasis on health, hygiene, and autonomy has also influenced consumer preferences. Many guests prioritize self-contained units with minimal contact options. Responding to this, brands like Supercity Aparthotels have introduced enhanced digital features, including app-based check-ins and smart room controls, alongside eco-conscious touches such as energy-saving appliances and sustainable toiletries.
UK Serviced Apartment Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the UK serviced apartment market based on type, end use, and booking mode:
- Type Outlook (Revenue, USD Billion, 2021 - 2033)
- Long-Term (>30 Nights)
- Short-Term (<30 Nights)
- End Use Outlook (Revenue, USD Billion, 2021 - 2033)
- Corporate/Business Traveler
- Leisure Travelers
- Expats and Relocators
- Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)
- Direct Booking
- Online Travel Agencies
- Corporate Contracts
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Type Outlook
- 2.3. End Use Outlook
- 2.4. Booking Mode Outlook
- 2.5. Competitive Landscape Snapshot
Chapter 3. UK Serviced Apartment Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Related Market Outlook
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Booking Channel Trends
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.6. Market Entry Strategies
Chapter 4. UK Serviced Apartment Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decisions
- 4.4. Consumer Service Adoption
- 4.5. Observations & Recommendations
Chapter 5. UK Serviced Apartment Market: Type Estimates & Trend Analysis
- 5.1. UK Serviced Apartment Market, By Type: Key Takeaways
- 5.2. Type Movement Analysis & Market Share, 2024 & 2033
- 5.3. Market Estimates & Forecasts, by Type, 2021 - 2033 (USD Billion)
- 5.3.1. Long-Term (>30 Nights)
- 5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.2. Short-Term (<30 Nights)
- 5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 5.3.1. Long-Term (>30 Nights)
Chapter 6. UK Serviced Apartment Market: End Use Estimates & Trend Analysis
- 6.1. UK Serviced Apartment Market, By End Use: Key Takeaways
- 6.2. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.3. Market Estimates & Forecasts, by End Use, 2021 - 2033 (USD Billion)
- 6.3.1. Corporate/Business Traveler
- 6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.2. Leisure Travelers
- 6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.3. Expats and Relocators
- 6.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 6.3.1. Corporate/Business Traveler
Chapter 7. UK Serviced Apartment Market: Booking Mode Estimates & Trend Analysis
- 7.1. UK Serviced Apartment Market, By Booking Mode: Key Takeaways
- 7.2. Booking Mode Movement Analysis & Market Share, 2024 & 2033
- 7.3. Market Estimates & Forecasts, by Booking Mode, 2021 - 2033 (USD Billion)
- 7.3.1. Direct Booking
- 7.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.2. Online Travel Agencies
- 7.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.3. Corporate Contracts
- 7.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
- 7.3.1. Direct Booking
Chapter 8. UK Serviced Apartment Market: Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Service Benchmarking
- 8.6. Company Market Share Analysis, 2024 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.9.1. SACO - The Serviced Apartment Company
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Service Portfolio
- 8.9.1.4. Strategic Initiatives
- 8.9.2. Staycity Ltd
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Service Portfolio
- 8.9.2.4. Strategic Initiatives
- 8.9.3. Marlin Apartments
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Service Portfolio
- 8.9.3.4. Strategic Initiatives
- 8.9.4. The Ascott Limited
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Service Portfolio
- 8.9.4.4. Strategic Initiatives
- 8.9.5. Supercity Aparthotels
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Service Portfolio
- 8.9.5.4. Strategic Initiatives
- 8.9.6. SilverDoor Apartments
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Service Portfolio
- 8.9.6.4. Strategic Initiatives
- 8.9.7. Fraser Suites
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Service Portfolio
- 8.9.7.4. Strategic Initiatives
- 8.9.8. Cheval Collection
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Service Portfolio
- 8.9.8.4. Strategic Initiatives
- 8.9.9. Staybridge Suites
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Service Portfolio
- 8.9.9.4. Strategic Initiatives
- 8.9.10. Clarendon Serviced Apartments
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Service Portfolio
- 8.9.10.4. Strategic Initiatives
- 8.9.1. SACO - The Serviced Apartment Company
List of Tables
- Table 1 UK serviced apartment market estimates & forecast, by type (USD Billion)
- Table 2 UK serviced apartment market estimates & forecasts, for long-term (>30 nights), 2021 - 2033 (USD Billion)
- Table 3 UK serviced apartment market estimates & forecasts, for short-term (<30 nights), 2021 - 2033 (USD Billion)
- Table 4 UK serviced apartment market estimates & forecast, by end use (USD Billion)
- Table 5 UK serviced apartment market estimates & forecasts, for corporate/business traveler, 2021 - 2033 (USD Billion)
- Table 6 UK serviced apartment market estimates & forecasts, for leisure travelers, 2021 - 2033 (USD Billion)
- Table 7 UK serviced apartment market estimates & forecasts, for expats and relocators, 2021 - 2033 (USD Billion)
- Table 8 UK serviced apartment market estimates & forecast, by booking mode (USD Billion)
- Table 9 UK serviced apartment market estimates & forecasts, through direct booking, 2021 - 2033 (USD Billion)
- Table 10 UK serviced apartment market estimates & forecasts, through online travel agencies, 2021 - 2033 (USD Billion)
- Table 11 UK serviced apartment market estimates & forecasts, through corporate contracts, 2021 - 2033 (USD Billion)
- Table 12 Recent developments & impact analysis, by key market participants
- Table 13 Company market share, 2024
- Table 14 Company heat map analysis
- Table 15 Companies undergoing key strategies
List of Figures
- Fig. 1 UK serviced apartment market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Regional snapshot
- Fig. 9 Competitive landscape Snapshot
- Fig. 10 Parent industry and serviced apartment market size, 2024 (USD Billion)
- Fig. 11 UK serviced apartment market: Penetration & growth prospect mapping
- Fig. 12 UK serviced apartment market: Value chain analysis
- Fig. 13 UK serviced apartment market: Booking channel analysis
- Fig. 14 UK serviced apartment market: Dynamics
- Fig. 15 UK serviced apartment market: Porter's five forces analysis
- Fig. 16 Factors influencing buying decisions for serviced apartments
- Fig. 17 UK serviced apartment market, by type: Key takeaways
- Fig. 18 UK serviced apartment market: Type movement analysis, 2024 & 2033 (%)
- Fig. 19 UK serviced apartment market estimates & forecasts, for long-term (>30 nights), 2021 - 2033 (USD Billion)
- Fig. 20 UK serviced apartment market estimates & forecasts, for short-term (<30 nights), 2021 - 2033 (USD Billion)
- Fig. 21 UK serviced apartment market, by end use: Key takeaways
- Fig. 22 UK serviced apartment market: End use movement analysis, 2024 & 2033 (%)
- Fig. 23 UK serviced apartment market estimates & forecasts, for corporate/business traveler, 2021 - 2033 (USD Billion)
- Fig. 24 UK serviced apartment market estimates & forecasts, for leisure travelers, 2021 - 2033 (USD Billion)
- Fig. 25 UK serviced apartment market estimates & forecasts, for expats and relocators, 2021 - 2033 (USD Billion)
- Fig. 26 UK serviced apartment market, by booking mode: Key takeaways
- Fig. 27 UK serviced apartment market: Booking mode movement analysis, 2024 & 2033 (%)
- Fig. 28 UK serviced apartment market estimates & forecasts, through direct booking, 2021 - 2033 (USD Billion)
- Fig. 29 UK serviced apartment market estimates & forecasts, through online travel agencies, 2021 - 2033 (USD Billion)
- Fig. 30 UK serviced apartment market estimates & forecasts, through corporate contracts, 2021 - 2033 (USD Billion)
- Fig. 31 Key company categorization
- Fig. 32 Company market share analysis, 2024 (%)
- Fig. 33 Strategic framework of the UK serviced apartment market
