Global Serviced Apartment Market Size & Outlook, 2023-2030
The serviced apartment industry worldwide is expected to reach a projected revenue of US$ 248,923.5 million by 2030. A compound annual growth rate of 12% is expected of the worldwide serviced apartment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$112,422.4
Forecast, 2030 (US$M)
$248,923.5
CAGR, 2024 - 2030
12%
Report Coverage
Worldwide
Global serviced apartment market, 2018-2030 (US$M)
Global serviced apartment market highlights
- The global serviced apartment market generated a revenue of USD 112,422.4 million in 2023 and is expected to reach USD 248,923.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12% by 2030.
- In terms of segment, long-term (>30 nights) accounted for a revenue of USD 112,422.4 million in 2023.
- Long-Term (>30 Nights) is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 112,422.4 million |
| Market revenue in 2030 | USD 248,923.5 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Long-term (>30 nights) |
| Fastest growing segment | Long-Term (>30 Nights) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Long-Term (>30 Nights) |
Other key industry trends
- In terms of revenue, the North America accounted for 37.2% of the global serviced apartment market in 2023.
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Serviced Apartment Market Scope
Serviced apartment market segmentation & scope
End Use
Corporate/Business Traveler
Leisure Travelers
Expats and Relocators
Booking Mode
Direct Booking
Online Travel Agencies
Corporate Contracts
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Serviced Apartment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global serviced apartment market size, by regions, 2018-2030 (US$M)
Related regional statistics
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