The Serviced Apartments market is expected to cross $60 Billion at a CAGR of 6.2 during the forecast period.
Serviced Apartments Market Overview
Serviced apartments offer fully furnished rental units with hotel-like amenities. The market is expanding due to increased business travel, demand for flexible housing, and the rise of remote work.
The Serviced Apartments market is driven by several factors, including:
2024 Market Trends: Key Insights and Predictions
Digital booking platforms
Serviced Apartments Market Restraints: An In-Depth Analysis for 2024
Growth Opportunities in the Serviced Apartments Market for 2024
Smart apartments & IoT integration
Key Challenges Facing the Serviced Apartments Market in 2024
Competition from hotels
Serviced Apartments Market Segmentation
By Types, Serviced Apartments Market is segmented as:
- Luxury
- Standard
- Extended Stay
- Corporate
- Vacation Rentals
Among these, the
By Applications, the Serviced Apartments Market is segmented as:
- Business Travel
- Relocations
- Tourism
- Remote Work
Of these, the
Serviced Apartments , by Region
On the geographical front, the North America Serviced Apartments industry size is touted to multiply at a robust pace over the forecast duration.
Competitive Landscape
Key Companies Profiled
- Ascott
- Marriott Executive Apartments
- Fraser Suites
- Oakwood
- Extended Stay America
- Adagio Aparthotels
- Staybridge Suites
- AKA
- Blueground
- Quest Apartment Hotels
- Bridgestreet
- Cheval Collection
- Synergy Global Housing
- The Apartment Service
- Roomspace
- National Corporate Housing
- SACO Apartments
- Corporate Stays
- SilverDoor
- Zoku
These companies are undertaking various expansion strategies such as new product development, partnerships, and acquisitions to improve their market share and cater to the growing demand for Serviced Apartments across the globe.
Serviced Apartments Report Scope:
Report Attribute | Details |
Growth Rate | 6.2 |
Base Year | 2024 |
Historical Data | 2020 |
Companies Covered | Ascott, Marriott Executive Apartments, Fraser Suites, Oakwood, Extended Stay America, Adagio Aparthotels, Staybridge Suites, AKA, Blueground, Quest Apartment Hotels, Bridgestreet, Cheval Collection, Synergy Global Housing, The Apartment Service, Roomspace, National Corporate Housing, SACO Apartments, Corporate Stays, SilverDoor, Zoku |
Segments Covered | Business Travel, Relocations, Tourism, Remote Work |
Types Covered | Luxury, Standard, Extended Stay, Corporate, Vacation Rentals |
Customization Scope | *Free report customization with additional or alteration to country, regional or segment scope. |
Recent Developments in the Serviced Apartments Industry
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Chapter 1 Serviced Apartments Market Overview
1.1 Serviced Apartments Definition
1.2 Global Serviced Apartments Market Size Status and Outlook (2018-2032)
1.3 Global Serviced Apartments Market Size Comparison by Region (2018-2032)
1.4 Global Serviced Apartments Market Size Comparison by Type (2018-2032)
1.5 Global Serviced Apartments Market Size Comparison by Application (2018-2032)
1.6 Global Serviced Apartments Market Size Comparison by Sales Channel (2018-2032)
1.7 Serviced Apartments Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Merger/Acquisition/Expansion)
1.7.4 Key Trends in Serviced Apartments Market
Chapter 2 Serviced Apartments Market Competition by Player
2.1 Global Serviced Apartments Sales and Market Share by Player (2021-2023)
2.2 Global Serviced Apartments Revenue and Market Share by Player (2021-2023)
2.3 Global Serviced Apartments Average Price by Player (2021-2023)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Serviced Apartments Market Segment by Type
3.1 Global Serviced Apartments Market by Type
3.1.1 Economy Apartments
3.1.2 Mid-tier Apartments
3.1.3 Upper-tier Apartments
3.2 Global Serviced Apartments Sales and Market Share by Type (2018-2023)
3.3 Global Serviced Apartments Revenue and Market Share by Type (2018-2023)
3.4 Global Serviced Apartments Average Price by Type (2018-2023)
3.5 Conclusion of Segment by Type
Chapter 4 Serviced Apartments Market Segment by Application
4.1 Global Serviced Apartments Market by Application
4.1.1 Corporates
4.1.2 Individuals
4.2 Global Serviced Apartments Revenue and Market Share by Application (2018-2023)
4.3 Conclusion of Segment by Application
Chapter 5 Serviced Apartments Market Segment by Sales Channel
5.1 Global Serviced Apartments Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Serviced Apartments Revenue and Market Share by Sales Channel (2018-2023)
5.3 Conclusion of Segment by Sales Channel
Chapter 6 Serviced Apartments Market Segment by Region & Country
6.1 Global Serviced Apartments Market Size and CAGR by Region (2018-2032)
6.2 Global Serviced Apartments Sales and Market Share by Region (2018-2023)
6.3 Global Serviced Apartments Revenue and Market Share by Region (2018-2023)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Serviced Apartments Market Share by Type
6.4.3 North America Serviced Apartments Market Share by Application
6.4.4 United States
6.4.5 Canada
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Serviced Apartments Market Share by Type
6.5.3 Europe Serviced Apartments Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Spain
6.5.9 Russia
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Serviced Apartments Market Share by Type
6.6.3 Asia-Pacific Serviced Apartments Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Serviced Apartments Market Share by Type
6.7.3 South America Serviced Apartments Market Share by Application
6.7.4 Brazil
6.7.5 Mexico
6.7.6 Argentina
6.7.7 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Serviced Apartments Market Share by Type
6.8.3 Middle East & Africa Serviced Apartments Market Share by Application
6.8.4 Turkey
6.8.5 UAE
6.8.6 Saudi Arabia
6.8.7 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Serviced Apartments Players
7.1 Accor Hotels (Adagio)
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 The Ascott Limited
7.3 Extended Stay America
7.4 Frasers Hospitality
7.5 Intercontinental Hotel Group
7.6 Marriott
7.7 Pierre & Vacancies
7.8 Choice Hotels
7.9 Hilton Hotels & Resorts
7.10 Oakwood Corporate Housing
7.11 Hyatt House
7.12 AKA
7.13 Derag
7.14 Appart’City
7.15 Staycity
Chapter 8 Upstream and Downstream Analysis of Serviced Apartments
8.1 Industrial Chain of Serviced Apartments
8.2 Upstream of Serviced Apartments
8.3 Downstream of Serviced Apartments
Chapter 9 Development Trend of Serviced Apartments (2024-2032)
9.1 Global Serviced Apartments Market Size (Sales and Revenue) Forecast (2024-2032)
9.2 Global Serviced Apartments Market Size and CAGR Forecast by Region (2024-2032)
9.3 Global Serviced Apartments Market Size and CAGR Forecast by Type (2024-2032)
9.4 Global Serviced Apartments Market Size and CAGR Forecast by Application (2024-2032)
9.5 Global Serviced Apartments Market Size and CAGR Forecast by Sales Channel (2024-2032)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Serviced Apartments Example
Figure Global Serviced Apartments Revenue (Million $) Status and Outlook (2018-2032)
Figure Global Serviced Apartments Revenue (Million $) Comparison by Region (2018-2032)
Figure Global Serviced Apartments Revenue (Million $) Comparison by Type (2018-2032)
Figure Global Serviced Apartments Revenue (Million $) Comparison by Application (2018-2032)
Figure Global Serviced Apartments Revenue (Million $) Comparison by Sales Channel (2018-2032)
Table Global Serviced Apartments Sales by Player (2021-2023)
Table Global Serviced Apartments Sales Market Share by Player (2021-2023)
Figure Global Serviced Apartments Sales Market Share by Player in 2023
Table Global Serviced Apartments Revenue (Million $) by Player (2021-2023)
Table Global Serviced Apartments Revenue Market Share by Player (2021-2023)
Figure Global Serviced Apartments Revenue Market Share by Player in 2023
Table Global Serviced Apartments Average Price by Player (2021-2023)
Figure Global Serviced Apartments Average Price by Player in 2023
Figure Global Serviced Apartments Players Competition Situation – Top 5 Players’ Revenue Market Share in 2021
Figure Global Serviced Apartments Players Competition Trends – Top 5 Players’ Revenue Market Share in 2023
Figure Example of Economy Apartments
Figure Global Economy Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Mid-tier Apartments
Figure Global Mid-tier Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Upper-tier Apartments
Figure Global Upper-tier Apartments Revenue (Million $) and Growth Rate (2018-2023)
Table Global Serviced Apartments Sales by Type (2018-2023)
Table Global Serviced Apartments Sales Market Share by Type (2018-2023)
Figure Global Serviced Apartments Sales Market Share by Type in 2023
Table Global Serviced Apartments Revenue (Million $) by Type (2018-2023)
Table Global Serviced Apartments Revenue Market Share by Type (2018-2023)
Figure Global Serviced Apartments Revenue Market Share by Type in 2023
Table Global Serviced Apartments Average Price by Type (2018-2023)
Figure Global Serviced Apartments Average Price by Type in 2023
Table Leading Players of Serviced Apartments by Type in 2023
Figure Example of Corporates
Figure Global Serviced Apartments for Corporates Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Individuals
Figure Global Serviced Apartments for Individuals Revenue (Million $) and Growth Rate (2018-2023)
Table Global Serviced Apartments Sales by Application (2018-2023)
Table Global Serviced Apartments Sales Market Share by Application (2018-2023)
Figure Global Serviced Apartments Sales Market Share by Application in 2023
Table Leading Consumers of Serviced Apartments by Application in 2023
Figure Example of Direct Channel
Figure Global Serviced Apartments for Direct Channel Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Distribution Channel
Figure Global Serviced Apartments for Distribution Channel Revenue (Million $) and Growth Rate (2018-2023)
Table Global Serviced Apartments Revenue by Sales Channel (2018-2023)
Table Global Serviced Apartments Revenue Market Share by Sales Channel (2018-2023)
Figure Global Serviced Apartments Revenue Market Share by Sales Channel in 2023
Table Leading Distributors/Dealers of Serviced Apartments by Sales Channel in 2023
Table Global Serviced Apartments Market Size and CAGR by Region (2018-2032)
Table Global Serviced Apartments Sales by Region (2018-2023)
Table Global Serviced Apartments Sales Market Share by Region (2018-2023)
Figure Global Serviced Apartments Sales Market Share by Region in 2023
Table Global Serviced Apartments Revenue (Million $) by Region (2018-2023)
Table Global Serviced Apartments Revenue Market Share by Region (2018-2023)
Figure Global Serviced Apartments Revenue Market Share by Region in 2023
Table North America Serviced Apartments Sales by Country (2018-2023)
Figure North America Serviced Apartments Sales Market Share by Country (2018-2023)
Table North America Serviced Apartments Revenue by Country (2018-2023)
Figure North America Serviced Apartments Revenue Market Share by Country (2018-2023)
Figure North America Serviced Apartments Market Share by Type in 2023
Figure North America Serviced Apartments Market Share by Application in 2023
Figure United States Serviced Apartments Sales and Growth Rate (2018-2023)
Figure United States Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Canada Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Canada Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Table Europe Serviced Apartments Sales by Country (2018-2023)
Figure Europe Serviced Apartments Sales Market Share by Country (2018-2023)
Table Europe Serviced Apartments Revenue by Country (2018-2023)
Figure Europe Serviced Apartments Revenue Market Share by Country (2018-2023)
Figure Europe Serviced Apartments Market Share by Type in 2023
Figure Europe Serviced Apartments Market Share by Application in 2023
Figure Germany Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Germany Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure UK Serviced Apartments Sales and Growth Rate (2018-2023)
Figure UK Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure France Serviced Apartments Sales and Growth Rate (2018-2023)
Figure France Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Italy Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Italy Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Spain Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Spain Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Russia Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Russia Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Table Asia-Pacific Serviced Apartments Sales by Country (2018-2023)
Figure Asia-Pacific Serviced Apartments Sales Market Share by Country (2018-2023)
Table Asia-Pacific Serviced Apartments Revenue by Country (2018-2023)
Figure Asia-Pacific Serviced Apartments Revenue Market Share by Country (2018-2023)
Figure Asia-Pacific Serviced Apartments Market Share by Type in 2023
Figure Asia-Pacific Serviced Apartments Market Share by Application in 2023
Figure China Serviced Apartments Sales and Growth Rate (2018-2023)
Figure China Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Japan Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Japan Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Korea Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Korea Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure India Serviced Apartments Sales and Growth Rate (2018-2023)
Figure India Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Southeast Asia Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Southeast Asia Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Australia Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Australia Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Table South America Serviced Apartments Sales by Country (2018-2023)
Figure South America Serviced Apartments Sales Market Share by Country (2018-2023)
Table South America Serviced Apartments Revenue by Country (2018-2023)
Figure South America Serviced Apartments Revenue Market Share by Country (2018-2023)
Figure South America Serviced Apartments Market Share by Type in 2023
Figure South America Serviced Apartments Market Share by Application in 2023
Figure Brazil Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Brazil Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Mexico Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Mexico Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Argentina Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Argentina Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Colombia Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Colombia Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Table Middle East & Africa Serviced Apartments Sales by Country (2018-2023)
Figure Middle East & Africa Serviced Apartments Sales Market Share by Country (2018-2023)
Table Middle East & Africa Serviced Apartments Revenue by Country (2018-2023)
Figure Middle East & Africa Serviced Apartments Revenue Market Share by Country (2018-2023)
Figure Middle East & Africa Serviced Apartments Market Share by Type in 2023
Figure Middle East & Africa Serviced Apartments Market Share by Application in 2023
Figure Turkey Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Turkey Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure UAE Serviced Apartments Sales and Growth Rate (2018-2023)
Figure UAE Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure Saudi Arabia Serviced Apartments Sales and Growth Rate (2018-2023)
Figure Saudi Arabia Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Figure South Africa Serviced Apartments Sales and Growth Rate (2018-2023)
Figure South Africa Serviced Apartments Revenue (Million $) and Growth Rate (2018-2023)
Table Company Snapshot of Accor Hotels (Adagio)
Table Serviced Apartments Introduction of Accor Hotels (Adagio)
Table Serviced Apartments Sales, Price, Revenue, Gross Margin and Market Share of Accor Hotels (Adagio) (2021-2023)
Table Industrial Chain of Serviced Apartments
Table Leading Consumers of Serviced Apartments
Figure Global Serviced Apartments Sales and Growth Rate Forecast (2024-2032)
Figure Global Serviced Apartments Revenue and Growth Rate Forecast (2024-2032)
Table Global Serviced Apartments Market Size and CAGR Forecast by Region (2024-2032)
Table Global Serviced Apartments Market Size and CAGR Forecast by Type (2024-2032)
Table Global Serviced Apartments Market Size and CAGR Forecast by Application (2024-2032)
Table Global Serviced Apartments Market Size and CAGR Forecast by Sales Channel (2024-2032)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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