Middle East & Africa Serviced Apartment Market Size & Outlook
The serviced apartment market in Middle East & Africa is expected to reach a projected revenue of US$ 18,490.0 million by 2033. A compound annual growth rate of 16.9% is expected of Middle East & Africa serviced apartment market from 2026 to 2033.
Revenue, 2025 (US$M)
$5,632.6
Forecast, 2033 (US$M)
$18,490.0
CAGR, 2026 - 2033
16.9%
Report Coverage
Middle East & Africa
MEA serviced apartment market highlights
- The MEA serviced apartment market generated a revenue of USD 4,789.2 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, long-term (>30 nights) was the largest revenue generating type in 2023.
- Long-Term (>30 Nights) is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 4,789.2 million |
| Market revenue in 2030 | USD 10,604.1 million |
| Growth rate | 12% (CAGR from 2024 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) |
| Key market players worldwide | CapitaLand India Trust Units Real Estate Investment Trust, Frasers Group PLC, Marriott International Inc Class A |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global serviced apartment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57,949.4 million by 2030.
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Serviced Apartment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SQUA.RE | View profile | 11-50 | London, England, United Kingdom, Europe | http://squa.re |
| Habicus Group | View profile | 11-50 | London, England, United Kingdom, Europe | http://www.habicus.com |
| Staycity | View profile | 1001-5000 | Dublin, Dublin, Ireland, Europe | https://www.staycity.com/ |
| Adagio | View profile | 11-50 | Ghent, Oost-Vlaanderen, Belgium, Europe | http://www.adagioagency.com |
| The Ascott Limited | View profile | 5001-10000 | Singapore, Central Region, Singapore, Asia | http://www.the-ascott.com/careers |
| Viridian Group | View profile | 1001-5000 | Belfast, Belfast, United Kingdom, Europe | http://www.viridiangroup.co.uk |
| CapitaLand India Trust Units Real Estate Investment Trust | View profile | 21 | 168 Robinson Road, No. 30-01, Capital Tower, Singapore, Singapore, 068912 | https://www.clint.com.sg |
| Frasers Group PLC | View profile | 32480 | Unit A, Brook Park East, Shirebrook, United Kingdom, NG20 8RY | https://www.frasers.group |
| Marriott International Inc Class A | View profile | 411000 | 7750 Wisconsin Avenue, Bethesda, MD, United States, 20814 | https://www.marriott.com |
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